Ryerson Holding Corp (NYSE:RYI) – Analysts at Jefferies Financial Group lifted their Q3 2019 earnings per share (EPS) estimates for shares of Ryerson in a report issued on Wednesday, July 17th. Jefferies Financial Group analyst M. Englert now anticipates that the basic materials company will earn $0.93 per share for the quarter, up from their previous estimate of $0.65. Jefferies Financial Group also issued estimates for Ryerson’s Q4 2019 earnings at ($0.03) EPS, FY2020 earnings at $2.17 EPS and FY2021 earnings at $2.54 EPS.
RYI has been the topic of a number of other research reports. ValuEngine downgraded shares of Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Zacks Investment Research downgraded shares of H&E Equipment Services from a “hold” rating to a “sell” rating in a research note on Wednesday. Finally, Deutsche Bank set a $81.00 price target on shares of Franco Nevada and gave the stock a “hold” rating in a research note on Thursday, July 11th.
Ryerson (NYSE:RYI) last announced its quarterly earnings data on Wednesday, May 1st. The basic materials company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.22. The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.25 billion. Ryerson had a net margin of 2.66% and a return on equity of 76.79%. Ryerson’s quarterly revenue was up 30.8% on a year-over-year basis. During the same quarter last year, the company posted $0.28 earnings per share.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. BNP Paribas Arbitrage SA boosted its stake in Ryerson by 111.3% during the first quarter. BNP Paribas Arbitrage SA now owns 3,375 shares of the basic materials company’s stock worth $29,000 after buying an additional 1,778 shares in the last quarter. ClariVest Asset Management LLC lifted its holdings in shares of Ryerson by 3.3% during the first quarter. ClariVest Asset Management LLC now owns 98,100 shares of the basic materials company’s stock valued at $840,000 after acquiring an additional 3,100 shares during the period. Nordea Investment Management AB lifted its holdings in shares of Ryerson by 3.3% during the first quarter. Nordea Investment Management AB now owns 98,100 shares of the basic materials company’s stock valued at $840,000 after acquiring an additional 3,100 shares during the period. Investors Research Corp bought a new position in shares of Ryerson during the first quarter valued at $27,000. Finally, First Quadrant L P CA lifted its holdings in shares of Ryerson by 10.6% during the first quarter. First Quadrant L P CA now owns 34,384 shares of the basic materials company’s stock valued at $294,000 after acquiring an additional 3,284 shares during the period. Hedge funds and other institutional investors own 35.89% of the company’s stock.
In other Ryerson news, insider Michael Burbach purchased 4,000 shares of the firm’s stock in a transaction on Thursday, May 30th. The shares were purchased at an average price of $8.49 per share, for a total transaction of $33,960.00. Following the completion of the purchase, the insider now directly owns 110,090 shares of the company’s stock, valued at $934,664.10. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.36% of the stock is owned by insiders.
Ryerson Company Profile
Ryerson Holding Corporation, together with its subsidiaries, processes and distributes industrial metals in the United States, Canada, Mexico, and China. The company offers a line of products in stainless steel, aluminum, carbon steel, and alloy steels, as well as nickel and red metals in various shapes and forms, including coils, sheets, rounds, hexagons, square and flat bars, plates, structurals, and tubing.
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