Ryerson Holding Corporation (NYSE:RYI) – Equities research analysts at KeyCorp decreased their FY2017 earnings estimates for Ryerson Holding Corporation in a research note issued on Monday. KeyCorp analyst P. Gibbs now forecasts that the basic materials company will earn $0.35 per share for the year, down from their previous forecast of $0.60. KeyCorp currently has a “Buy” rating and a $13.50 target price on the stock. KeyCorp also issued estimates for Ryerson Holding Corporation’s Q4 2017 earnings at ($0.11) EPS and FY2018 earnings at $0.98 EPS.
A number of other equities analysts have also recently commented on the company. Zacks Investment Research raised Ryerson Holding Corporation from a “sell” rating to a “hold” rating in a report on Saturday, November 11th. Jefferies Group LLC reissued a “hold” rating and set a $9.25 target price on shares of Ryerson Holding Corporation in a report on Thursday, September 7th. BMO Capital Markets reissued a “hold” rating and set a $13.00 target price on shares of Ryerson Holding Corporation in a report on Friday, October 20th. BidaskClub cut Ryerson Holding Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. Finally, TheStreet raised Ryerson Holding Corporation from a “d” rating to a “c” rating in a report on Monday, August 7th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $12.81.
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Ryerson Holding Corporation (NYSE RYI) opened at $9.10 on Thursday. Ryerson Holding Corporation has a 1 year low of $7.65 and a 1 year high of $16.85. The stock has a market capitalization of $338.31, a P/E ratio of 32.14 and a beta of 2.08. The company has a current ratio of 2.49, a quick ratio of 1.08 and a debt-to-equity ratio of -70.93.
Ryerson Holding Corporation (NYSE:RYI) last issued its quarterly earnings results on Tuesday, November 7th. The basic materials company reported $0.05 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.05. The company had revenue of $864.20 million for the quarter, compared to the consensus estimate of $853.35 million. Ryerson Holding Corporation had a negative return on equity of 33.95% and a net margin of 0.26%. Ryerson Holding Corporation’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.28 earnings per share.
A number of hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its position in Ryerson Holding Corporation by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 912,378 shares of the basic materials company’s stock valued at $11,496,000 after acquiring an additional 15,628 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Ryerson Holding Corporation 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 purchasing an additional 89,892 shares in the last quarter. Thrivent Financial For Lutherans purchased a new stake in Ryerson Holding Corporation in the 2nd quarter valued at approximately $2,754,000. ClariVest Asset Management LLC boosted its holdings in Ryerson Holding Corporation by 17.4% in the 2nd quarter. ClariVest Asset Management LLC now owns 254,990 shares of the basic materials company’s stock valued at $2,523,000 after purchasing an additional 37,823 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its stake in shares of Ryerson Holding Corporation by 1,111.8% during the 3rd quarter. Wells Fargo & Company MN now owns 246,515 shares of the basic materials company’s stock worth $2,674,000 after acquiring an additional 226,172 shares in the last quarter. Hedge funds and other institutional investors own 40.25% of the company’s stock.
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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