Analysts Expect Ryerson Holding Corp (RYI) to Post $0.06 EPS

Wall Street brokerages forecast that Ryerson Holding Corp (NYSE:RYI) will announce earnings of $0.06 per share for the current quarter, according to Zacks. Four analysts have provided estimates for Ryerson’s earnings, with the highest EPS estimate coming in at $0.15 and the lowest estimate coming in at ($0.06). Ryerson reported earnings per share of ($0.19) during the same quarter last year, which suggests a positive year-over-year growth rate of 131.6%. The company is expected to report its next earnings results after the market closes on Monday, March 5th.

On average, analysts expect that Ryerson will report full-year earnings of $0.54 per share for the current year, with EPS estimates ranging from $0.40 to $0.61. For the next year, analysts expect that the firm will post earnings of $1.39 per share, with EPS estimates ranging from $0.95 to $1.78. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for Ryerson.

A number of research analysts recently commented on RYI shares. Zacks Investment Research lowered shares of Ryerson from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 11th. BMO Capital Markets reiterated a “hold” rating and issued a $13.00 price target on shares of Ryerson in a research note on Friday, October 20th. Jefferies Group reiterated a “hold” rating and issued a $9.75 price target on shares of Ryerson in a research note on Friday, November 10th. Finally, TheStreet upgraded shares of Ryerson from a “d+” rating to a “c-” rating in a research report on Monday, January 22nd. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $11.50.

Shares of Ryerson (NYSE RYI) traded down $0.30 on Monday, reaching $9.00. 56,931 shares of the company were exchanged, compared to its average volume of 236,772. Ryerson has a twelve month low of $7.65 and a twelve month high of $14.65. The firm has a market cap of $360.92, a price-to-earnings ratio of 34.64 and a beta of 1.84. The company has a debt-to-equity ratio of -70.93, a quick ratio of 1.08 and a current ratio of 2.49.

Several large investors have recently made changes to their positions in RYI. Highbridge Capital Management LLC bought a new stake in shares of Ryerson during the 3rd quarter worth approximately $431,000. First Trust Advisors LP bought a new position in Ryerson in the 3rd quarter valued at approximately $134,000. Swiss National Bank bought a new position in Ryerson in the 2nd quarter valued at approximately $275,000. Citadel Advisors LLC lifted its stake in Ryerson by 78.4% in the 2nd quarter. Citadel Advisors LLC now owns 65,705 shares of the basic materials company’s stock valued at $651,000 after purchasing an additional 28,867 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its stake in Ryerson by 140.0% in the 2nd quarter. Alliancebernstein L.P. now owns 24,000 shares of the basic materials company’s stock valued at $238,000 after purchasing an additional 14,000 shares during the last quarter. Hedge funds and other institutional investors own 39.25% of the company’s stock.

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About Ryerson

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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Earnings History and Estimates for Ryerson (NYSE:RYI)

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