Ryerson Holding Corp (NYSE:RYI) Expected to Announce Earnings of $0.15 Per Share

Wall Street brokerages predict that Ryerson Holding Corp (NYSE:RYI) will post earnings per share of $0.15 for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Ryerson’s earnings, with the lowest EPS estimate coming in at $0.13 and the highest estimate coming in at $0.16. Ryerson reported earnings of $0.16 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 6.3%. The business is expected to announce its next quarterly earnings report on Tuesday, March 3rd.

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According to Zacks, analysts expect that Ryerson will report full year earnings of $1.63 per share for the current fiscal year, with EPS estimates ranging from $1.61 to $1.65. For the next financial year, analysts expect that the business will report earnings of $1.37 per share, with EPS estimates ranging from $1.10 to $1.58. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover Ryerson.

Ryerson (NYSE:RYI) last posted its quarterly earnings results on Wednesday, October 30th. The basic materials company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.39). Ryerson had a net margin of 1.20% and a return on equity of 54.24%. The company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the previous year, the business posted $0.17 earnings per share. The company’s revenue for the quarter was down 11.7% on a year-over-year basis.

RYI has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of Ryerson from a “strong sell” rating to a “hold” rating in a research note on Saturday, November 16th. ValuEngine downgraded shares of Ryerson from a “hold” rating to a “sell” rating in a research report on Wednesday. Finally, BMO Capital Markets cut their target price on shares of Ryerson from $9.00 to $7.00 and set a “market perform” rating on the stock in a research report on Monday, August 26th.

A number of large investors have recently bought and sold shares of the stock. Livforsakringsbolaget Skandia Omsesidigt bought a new position in Ryerson during the 2nd quarter worth approximately $50,000. UBS Asset Management Americas Inc. bought a new position in Ryerson during the 2nd quarter worth approximately $86,000. Aperio Group LLC bought a new position in Ryerson during the 2nd quarter worth approximately $108,000. Cubist Systematic Strategies LLC bought a new position in Ryerson during the 2nd quarter worth approximately $132,000. Finally, Man Group plc bought a new position in Ryerson during the 2nd quarter worth approximately $136,000. Institutional investors and hedge funds own 34.98% of the company’s stock.

Shares of RYI traded up $0.27 during mid-day trading on Friday, reaching $9.64. The company had a trading volume of 89,898 shares, compared to its average volume of 143,710. The company’s 50 day simple moving average is $8.83 and its 200 day simple moving average is $8.36. Ryerson has a 1-year low of $5.99 and a 1-year high of $11.53. The company has a debt-to-equity ratio of 7.37, a quick ratio of 0.92 and a current ratio of 2.21. The company has a market capitalization of $368.39 million, a price-to-earnings ratio of 9.01 and a beta of 2.02.

About Ryerson

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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Earnings History and Estimates for Ryerson (NYSE:RYI)

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