Equities research analysts expect Ryerson Holding Corporation (NYSE:RYI) to announce $854.73 million in sales for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Ryerson Holding Corporation’s earnings, with the highest sales estimate coming in at $919.44 million and the lowest estimate coming in at $805.75 million. Ryerson Holding Corporation posted sales of $735.10 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 16.3%. The company is scheduled to report its next earnings report on Wednesday, November 1st.
According to Zacks, analysts expect that Ryerson Holding Corporation will report full year sales of $854.73 million for the current financial year, with estimates ranging from $3.18 billion to $3.49 billion. For the next fiscal year, analysts expect that the company will report sales of $3.45 billion per share, with estimates ranging from $3.26 billion to $3.64 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that follow Ryerson Holding Corporation.
Ryerson Holding Corporation (NYSE:RYI) last announced its quarterly earnings results on Thursday, August 3rd. The basic materials company reported $0.02 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by $0.05. Ryerson Holding Corporation had a net margin of 0.48% and a negative return on equity of 53.49%. The firm had revenue of $875.40 million during the quarter, compared to the consensus estimate of $875.13 million. During the same period in the previous year, the business earned $0.17 earnings per share. The firm’s revenue for the quarter was up 18.3% on a year-over-year basis.
A number of brokerages recently issued reports on RYI. BidaskClub downgraded Ryerson Holding Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. ValuEngine downgraded Ryerson Holding Corporation from a “strong-buy” rating to a “buy” rating in a report on Tuesday, May 16th. Zacks Investment Research downgraded Ryerson Holding Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, June 21st. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $13.00 price target on shares of Ryerson Holding Corporation in a report on Thursday, April 20th. Two analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $14.33.
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Ryerson Holding Corporation (NYSE RYI) opened at 8.20 on Wednesday. The firm has a 50-day moving average of $9.05 and a 200 day moving average of $10.48. The company has a market capitalization of $304.84 million, a P/E ratio of 14.62 and a beta of 2.11. Ryerson Holding Corporation has a one year low of $7.80 and a one year high of $16.85.
In other news, CEO Edward J. Lehner acquired 5,000 shares of the firm’s stock in a transaction dated Tuesday, May 30th. The stock was acquired at an average cost of $8.76 per share, with a total value of $43,800.00. Following the completion of the acquisition, the chief executive officer now owns 115,470 shares of the company’s stock, valued at $1,011,517.20. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Insiders bought 16,580 shares of company stock valued at $140,023 over the last three months. Corporate insiders own 0.76% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Trellus Management Company LLC purchased a new stake in Ryerson Holding Corporation during the second quarter valued at $138,000. Rhumbline Advisers increased its stake in Ryerson Holding Corporation by 26.0% in the second quarter. Rhumbline Advisers now owns 18,139 shares of the basic materials company’s stock valued at $180,000 after buying an additional 3,740 shares during the last quarter. HighTower Advisors LLC purchased a new stake in Ryerson Holding Corporation during the first quarter valued at $192,000. Capital Fund Management S.A. increased its stake in Ryerson Holding Corporation by 16.6% in the first quarter. Capital Fund Management S.A. now owns 16,428 shares of the basic materials company’s stock valued at $207,000 after buying an additional 2,335 shares during the last quarter. Finally, Fox Run Management L.L.C. purchased a new stake in Ryerson Holding Corporation during the first quarter valued at $232,000. 39.66% of the stock is owned by institutional investors and hedge funds.
Ryerson Holding Corporation 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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