Ryerson Holding Corp (NYSE:RYI) – Equities research analysts at Jefferies Group issued their Q1 2018 earnings per share estimates for Ryerson in a research note issued to investors on Tuesday, according to Zacks Investment Research. Jefferies Group analyst S. Rosenfeld anticipates that the basic materials company will earn $0.31 per share for the quarter. Jefferies Group currently has a “Hold” rating and a $10.25 target price on the stock. Jefferies Group also issued estimates for Ryerson’s Q4 2018 earnings at $0.16 EPS, FY2018 earnings at $1.46 EPS and FY2019 earnings at $2.12 EPS.
RYI has been the subject of several other research reports. Zacks Investment Research cut shares of Ryerson from a “hold” rating to a “sell” rating in a research report on Tuesday, January 30th. ValuEngine cut shares of Ryerson from a “hold” rating to a “sell” rating in a research report on Wednesday, March 7th. TheStreet upgraded shares of Ryerson from a “d+” rating to a “c-” rating in a research report on Monday, January 22nd. Finally, Deutsche Bank dropped their price objective on shares of Ryerson from $15.00 to $13.00 and set a “buy” rating for the company in a research report on Thursday. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. Ryerson presently has an average rating of “Hold” and a consensus price target of $11.69.
RYI stock traded down $0.05 during trading on Friday, hitting $8.10. The company had a trading volume of 574,120 shares, compared to its average volume of 270,255. The company has a debt-to-equity ratio of -138.43, a current ratio of 2.74 and a quick ratio of 1.21. Ryerson has a 12 month low of $7.65 and a 12 month high of $14.65. The stock has a market capitalization of $303.25, a PE ratio of 22.08 and a beta of 1.90.
Ryerson (NYSE:RYI) last posted its earnings results on Monday, March 5th. The basic materials company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.15). Ryerson had a net margin of 0.51% and a negative return on equity of 71.60%. The firm had revenue of $810.00 million during the quarter, compared to the consensus estimate of $810.20 million. During the same quarter last year, the firm posted ($0.19) EPS. The business’s revenue was up 18.8% on a year-over-year basis.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Towle & Co. grew its holdings in shares of Ryerson by 0.9% in the 4th quarter. Towle & Co. now owns 2,067,313 shares of the basic materials company’s stock valued at $21,500,000 after buying an additional 17,640 shares during the period. Luminus Management LLC acquired a new position in shares of Ryerson in the 4th quarter valued at $16,162,000. BlackRock Inc. grew its holdings in shares of Ryerson by 5.8% in the 4th quarter. BlackRock Inc. now owns 1,269,191 shares of the basic materials company’s stock valued at $13,199,000 after buying an additional 69,241 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Ryerson by 11.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 872,310 shares of the basic materials company’s stock valued at $9,462,000 after buying an additional 89,892 shares during the period. Finally, Wells Fargo & Company MN grew its holdings in shares of Ryerson by 49.9% in the 4th quarter. Wells Fargo & Company MN now owns 369,500 shares of the basic materials company’s stock valued at $3,842,000 after buying an additional 122,985 shares during the period. 39.65% of the stock is owned by hedge funds and other institutional investors.
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Ryerson Company Profile
Ryerson Holding Corporation is a service center company for carbon and stainless steel, as well as aluminum. The Company operates through metal service centers segment. In addition to providing a range of flat and long metals products, it offers various value-added processing and fabrication services, such as sawing, slitting, blanking, cutting to length, leveling, flame cutting, laser cutting, edge trimming, edge rolling, roll forming, tube manufacturing, polishing, shearing, forming, stamping, punching, rolling shell plate to radius and beveling to process materials to a specified thickness, length, width, shape and surface quality pursuant to specific customer orders.
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