Brokerages Expect Ryerson Holding Corp (NYSE:RYI) Will Announce Earnings of $0.15 Per Share

Wall Street brokerages expect Ryerson Holding Corp (NYSE:RYI) to report $0.15 earnings per share for the current quarter, Zacks reports. Four analysts have issued estimates for Ryerson’s earnings, with estimates ranging from $0.13 to $0.16. Ryerson reported earnings per share of $0.16 during the same quarter last year, which would indicate a negative year over year growth rate of 6.3%. The company is scheduled to report its next quarterly earnings report on Tuesday, March 3rd.

According to Zacks, analysts expect that Ryerson will report full year earnings of $1.63 per share for the current financial year, with EPS estimates ranging from $1.61 to $1.65. For the next year, analysts anticipate 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 calculations are a mean average based on a survey of analysts that follow Ryerson.

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

Several analysts have recently issued reports on the company. ValuEngine raised Ryerson from a “sell” rating to a “hold” rating in a report on Friday, November 1st. BMO Capital Markets dropped their price target on Ryerson from $9.00 to $7.00 and set a “market perform” rating for the company in a research note on Monday, August 26th. Finally, Zacks Investment Research raised shares of Ryerson from a “strong sell” rating to a “hold” rating in a research report on Saturday.

A number of large investors have recently made changes to their positions in the stock. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in Ryerson during the second quarter worth $50,000. UBS Asset Management Americas Inc. acquired a new position in shares of Ryerson during the 2nd quarter worth $86,000. Aperio Group LLC bought a new stake in shares of Ryerson during the 2nd quarter worth $108,000. Cubist Systematic Strategies LLC bought a new stake in shares of Ryerson during the 2nd quarter worth $132,000. Finally, Man Group plc acquired a new stake in Ryerson in the second quarter valued at about $136,000. 34.98% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:RYI traded down $0.09 during trading on Friday, reaching $9.66. 106,400 shares of the company traded hands, compared to its average volume of 144,015. The company’s 50 day moving average is $8.80 and its two-hundred day moving average is $8.35. The firm has a market capitalization of $368.36 million, a PE ratio of 9.03 and a beta of 2.02. The company has a quick ratio of 0.92, a current ratio of 2.21 and a debt-to-equity ratio of 7.37. Ryerson has a 52 week low of $5.99 and a 52 week high of $11.53.

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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