Equities research analysts predict that Ryerson Holding Corp (NYSE:RYI) will post $1.14 billion in sales for the current quarter, according to Zacks. Four analysts have provided estimates for Ryerson’s earnings, with the lowest sales estimate coming in at $1.10 billion and the highest estimate coming in at $1.19 billion. Ryerson reported sales of $810.60 million in the same quarter last year, which indicates a positive year over year growth rate of 40.6%. The company is scheduled to issue its next quarterly earnings results on Monday, March 4th.

On average, analysts expect that Ryerson will report full-year sales of $4.39 billion for the current year, with estimates ranging from $4.35 billion to $4.44 billion. For the next financial year, analysts forecast that the business will report sales of $4.87 billion, with estimates ranging from $4.50 billion to $5.30 billion. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Ryerson.

Ryerson (NYSE:RYI) last released its quarterly earnings results on Friday, November 2nd. The basic materials company reported $0.17 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.07). Ryerson had a return on equity of 101.73% and a net margin of 2.60%. The firm had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.24 billion. During the same period in the prior year, the business earned $0.05 earnings per share. Ryerson’s revenue for the quarter was up 44.6% on a year-over-year basis.

Several research firms recently issued reports on RYI. Zacks Investment Research raised shares of Ryerson from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a research report on Thursday, August 16th. ValuEngine cut shares of Ryerson from a “hold” rating to a “sell” rating in a research report on Friday, August 17th. Finally, Deutsche Bank raised shares of Ryerson from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a research report on Monday, November 5th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company. Ryerson has a consensus rating of “Hold” and an average target price of $11.42.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. GSA Capital Partners LLP boosted its position in shares of Ryerson by 3.9% in the second quarter. GSA Capital Partners LLP now owns 130,327 shares of the basic materials company’s stock worth $1,453,000 after acquiring an additional 4,939 shares during the last quarter. Northern Trust Corp boosted its position in shares of Ryerson by 4.0% in the first quarter. Northern Trust Corp now owns 171,654 shares of the basic materials company’s stock worth $1,399,000 after acquiring an additional 6,529 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Ryerson by 15.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 50,140 shares of the basic materials company’s stock worth $559,000 after acquiring an additional 6,867 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its position in shares of Ryerson by 59.8% in the third quarter. O Shaughnessy Asset Management LLC now owns 20,986 shares of the basic materials company’s stock worth $237,000 after acquiring an additional 7,850 shares during the last quarter. Finally, Martingale Asset Management L P acquired a new stake in shares of Ryerson in the second quarter worth approximately $151,000. 37.06% of the stock is currently owned by institutional investors and hedge funds.

Ryerson stock opened at $9.10 on Friday. The company has a debt-to-equity ratio of 12.03, a quick ratio of 1.06 and a current ratio of 2.45. Ryerson has a 12-month low of $7.85 and a 12-month high of $12.95. The stock has a market cap of $327.64 million, a price-to-earnings ratio of 24.59 and a beta of 1.93.

Ryerson Company Profile

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.

Further Reading: How to Calculate Compound Annual Growth Rate (CAGR)

Get a free copy of the Zacks research report on Ryerson (RYI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Ryerson (NYSE:RYI)

Receive News & Ratings for Ryerson Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ryerson and related companies with MarketBeat.com's FREE daily email newsletter.