Equities research analysts predict that Ryerson Holding Corp (NYSE:RYI) will post $0.06 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Ryerson’s earnings, with the lowest EPS estimate coming in at ($0.10) and the highest estimate coming in at $0.20. Ryerson reported earnings of ($0.19) per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 131.6%. The business is scheduled to announce its next quarterly earnings report on Monday, March 12th.

According to Zacks, analysts expect that Ryerson will report full-year earnings of $0.55 per share for the current fiscal year, with EPS estimates ranging from $0.35 to $0.68. For the next financial year, analysts anticipate that the business will post earnings of $1.35 per share, with EPS estimates ranging from $1.00 to $1.57. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that follow Ryerson.

Ryerson (NYSE:RYI) last posted its quarterly earnings data on Tuesday, November 7th. The basic materials company reported $0.05 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.05. The business had revenue of $864.20 million during the quarter, compared to analysts’ expectations of $853.35 million. Ryerson had a negative return on equity of 33.95% and a net margin of 0.26%. The business’s revenue was up 17.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.28 earnings per share.

A number of analysts have recently commented on the company. Zacks Investment Research cut Ryerson from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 11th. KeyCorp restated a “buy” rating and issued a $13.50 price objective on shares of Ryerson in a research report on Tuesday, September 19th. BMO Capital Markets cut their price objective on Ryerson to $10.00 and set a “market perform” rating for the company in a research report on Monday, November 13th. Finally, Jefferies Group restated a “hold” rating and issued a $9.75 price objective on shares of Ryerson in a research report on Friday, November 10th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. Ryerson has an average rating of “Hold” and an average price target of $11.08.

Several institutional investors and hedge funds have recently modified their holdings of RYI. California Public Employees Retirement System purchased a new stake in shares of Ryerson during the first quarter worth approximately $275,000. Vanguard Group Inc. increased its position in shares of Ryerson by 1.7% during the first quarter. Vanguard Group Inc. now owns 912,378 shares of the basic materials company’s stock worth $11,496,000 after purchasing an additional 15,628 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Ryerson by 10.5% during the first quarter. Dimensional Fund Advisors LP now owns 547,671 shares of the basic materials company’s stock worth $6,900,000 after purchasing an additional 52,109 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of Ryerson by 8.3% during the first quarter. Schwab Charles Investment Management Inc. now owns 143,944 shares of the basic materials company’s stock worth $1,814,000 after purchasing an additional 10,979 shares in the last quarter. Finally, Strs Ohio increased its position in shares of Ryerson by 6.1% during the second quarter. Strs Ohio now owns 57,300 shares of the basic materials company’s stock worth $567,000 after purchasing an additional 3,300 shares in the last quarter. Hedge funds and other institutional investors own 39.28% of the company’s stock.

Ryerson (NYSE:RYI) traded up $0.10 during trading on Friday, hitting $8.85. The stock had a trading volume of 273,892 shares, compared to its average volume of 236,391. The stock has a market capitalization of $325.58, a PE ratio of 31.25 and a beta of 2.07. Ryerson has a 1-year low of $7.65 and a 1-year high of $16.00. The company has a debt-to-equity ratio of -70.93, a current ratio of 2.49 and a quick ratio of 1.08.

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Ryerson 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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Earnings History and Estimates for Ryerson (NYSE:RYI)

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