FY2018 Earnings Estimate for Ryerson Holding Corporation Issued By KeyCorp (NYSE:RYI)
Ryerson Holding Corporation (NYSE:RYI) – Investment analysts at KeyCorp dropped their FY2018 earnings per share (EPS) estimates for shares of Ryerson Holding Corporation in a research report issued to clients and investors on Monday. KeyCorp analyst P. Gibbs now expects that the basic materials company will earn $1.60 per share for the year, down from their prior estimate of $1.70.
Ryerson Holding Corporation (NYSE:RYI) last posted its quarterly earnings data on Wednesday, May 3rd. The basic materials company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.06. Ryerson Holding Corporation had a net margin of 0.67% and a negative return on equity of 61.00%. The company had revenue of $814.50 million during the quarter, compared to analyst estimates of $788.38 million. ILLEGAL ACTIVITY NOTICE: This report was originally reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this report on another website, it was stolen and reposted in violation of U.S. & international copyright and trademark legislation. The correct version of this report can be accessed at https://www.thecerbatgem.com/2017/08/07/fy2018-earnings-estimate-for-ryerson-holding-corporation-issued-by-keycorp-nyseryi-updated-updated-updated.html.
A number of other brokerages have also recently issued reports on RYI. ValuEngine cut Ryerson Holding Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. BMO Capital Markets restated a “hold” rating and set a $13.00 target price on shares of Ryerson Holding Corporation in a report on Thursday, April 20th. Finally, Zacks Investment Research upgraded Ryerson Holding Corporation from a “strong sell” rating to a “hold” rating and set a $12.00 target price on the stock in a report on Tuesday, March 14th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. Ryerson Holding Corporation presently has a consensus rating of “Hold” and an average price target of $14.33.
Ryerson Holding Corporation (RYI) traded down 0.55% during mid-day trading on Wednesday, reaching $9.00. 223,337 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $9.22 and a 200-day moving average price of $11.38. Ryerson Holding Corporation has a 52 week low of $7.80 and a 52 week high of $19.71. The stock has a market cap of $334.58 million, a P/E ratio of 16.04 and a beta of 2.19.
Institutional investors have recently added to or reduced their stakes in the stock. HighTower Advisors LLC acquired a new position in Ryerson Holding Corporation during the first quarter valued at $192,000. Capital Fund Management S.A. boosted its position 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 period. Fox Run Management L.L.C. acquired a new position in Ryerson Holding Corporation during the first quarter valued at $232,000. California Public Employees Retirement System acquired a new position in Ryerson Holding Corporation during the first quarter valued at $275,000. Finally, TFS Capital LLC acquired a new position in Ryerson Holding Corporation during the first quarter valued at $305,000. Institutional investors and hedge funds own 40.29% of the company’s stock.
In related news, CEO Edward J. Lehner bought 5,000 shares of Ryerson Holding Corporation stock in a transaction on Tuesday, May 30th. The shares were purchased at an average price of $8.76 per share, for a total transaction of $43,800.00. Following the completion of the acquisition, the chief executive officer now owns 115,470 shares in the company, valued at $1,011,517.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Mark S. Silver bought 3,000 shares of Ryerson Holding Corporation stock in a transaction on Friday, May 5th. The shares were bought at an average price of $10.31 per share, for a total transaction of $30,930.00. Following the acquisition, the executive vice president now owns 11,360 shares of the company’s stock, valued at approximately $117,121.60. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 29,520 shares of company stock worth $272,186. Company insiders own 0.76% of the company’s stock.
About Ryerson Holding Corporation
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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