Wall Street analysts expect that Ryerson Holding Corp (NYSE:RYI) will report earnings of $0.28 per share for the current quarter, according to Zacks. Three analysts have provided estimates for Ryerson’s earnings. The lowest EPS estimate is $0.16 and the highest is $0.42. Ryerson reported earnings of $0.05 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 460%. The business is scheduled to announce its next quarterly earnings report after the market closes on Thursday, November 1st.
On average, analysts expect that Ryerson will report full-year earnings of $1.43 per share for the current financial year, with EPS estimates ranging from $1.10 to $1.86. For the next financial year, analysts expect that the firm will post earnings of $1.99 per share, with EPS estimates ranging from $1.30 to $2.79. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that follow Ryerson.
Ryerson (NYSE:RYI) last issued its quarterly earnings results on Wednesday, August 1st. The basic materials company reported $0.46 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.03. Ryerson had a return on equity of 2,278.26% and a net margin of 0.81%. The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same quarter last year, the company posted $0.02 EPS. The company’s revenue for the quarter was up 20.8% compared to the same quarter last year.
A number of hedge funds have recently modified their holdings of RYI. Jane Street Group LLC bought a new stake in shares of Ryerson in the 1st quarter valued at about $112,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Ryerson in the 1st quarter valued at about $142,000. Martingale Asset Management L P bought a new stake in shares of Ryerson in the 2nd quarter valued at about $151,000. Cubist Systematic Strategies LLC bought a new stake in shares of Ryerson in the 1st quarter valued at about $152,000. Finally, Engineers Gate Manager LP bought a new stake in shares of Ryerson in the 2nd quarter valued at about $271,000. Institutional investors and hedge funds own 37.39% of the company’s stock.
Shares of RYI traded down $0.13 during midday trading on Friday, hitting $8.92. The company’s stock had a trading volume of 103,559 shares, compared to its average volume of 159,464. Ryerson has a one year low of $7.85 and a one year high of $12.95. The company has a debt-to-equity ratio of 48.25, a quick ratio of 0.99 and a current ratio of 2.17. The firm has a market cap of $337.53 million, a price-to-earnings ratio of 24.11 and a beta of 1.80.
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, structural products, and tubing.
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