FY2017 EPS Estimates for Ryerson Holding Corp. Lowered by Analyst (RYI)
Ryerson Holding Corp. (NYSE:RYI) – Equities researchers at Jefferies Group reduced their FY2017 earnings per share estimates for Ryerson Holding Corp. in a note issued to investors on Thursday. Jefferies Group analyst S. Rosenfeld now anticipates that the brokerage will earn $0.77 per share for the year, down from their previous forecast of $0.83. Jefferies Group currently has a “Hold” rating and a $12.00 target price on the stock.
Ryerson Holding Corp. (NYSE:RYI) last announced its quarterly earnings data on Wednesday, August 10th. The company reported $0.52 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.05. Ryerson Holding Corp. had a negative return on equity of 14.34% and a net margin of 0.18%.
Several other equities analysts have also issued reports on the stock. BMO Capital Markets boosted their target price on shares of Ryerson Holding Corp. from $10.00 to $13.00 and gave the company a “market perform” rating in a report on Thursday, August 11th. JPMorgan Chase & Co. boosted their target price on shares of Ryerson Holding Corp. from $11.00 to $13.00 and gave the company a “neutral” rating in a report on Thursday, August 11th. Finally, Zacks Investment Research lowered shares of Ryerson Holding Corp. from a “buy” rating to a “hold” rating in a report on Thursday, August 11th. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $11.50.
Shares of Ryerson Holding Corp. (NYSE:RYI) traded up 1.65% during trading on Monday, hitting $10.45. The stock had a trading volume of 72,035 shares. The company has a market capitalization of $387.68 million, a P/E ratio of 64.51 and a beta of 2.19. Ryerson Holding Corp. has a 1-year low of $2.53 and a 1-year high of $19.71. The firm has a 50-day moving average of $12.41 and a 200 day moving average of $11.42.
In related news, insider Kevin D. Richardson acquired 2,750 shares of the company’s stock in a transaction dated Tuesday, August 16th. The shares were purchased at an average price of $12.00 per share, for a total transaction of $33,000.00. Following the completion of the acquisition, the insider now owns 57,750 shares of the company’s stock, valued at $693,000. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Edward J. Lehner acquired 7,060 shares of the company’s stock in a transaction dated Friday, August 12th. The shares were bought at an average price of $12.00 per share, for a total transaction of $84,720.00. Following the acquisition, the chief executive officer now directly owns 79,060 shares of the company’s stock, valued at approximately $948,720. The disclosure for this purchase can be found here. Insiders own 0.90% of the company’s stock.
Several institutional investors have recently made changes to their positions in the stock. Emerald Acquisition Ltd. bought a new position in shares of Ryerson Holding Corp. during the second quarter valued at $117,000. O Shaughnessy Asset Management LLC acquired a new stake in Ryerson Holding Corp. during the second quarter valued at approximately $126,000. BlackRock Group LTD acquired a new stake in Ryerson Holding Corp. during the second quarter valued at approximately $167,000. Bank of Montreal Can acquired a new stake in Ryerson Holding Corp. during the second quarter valued at approximately $195,000. Finally, Rhumbline Advisers increased its stake in Ryerson Holding Corp. by 1.1% in the second quarter. Rhumbline Advisers now owns 13,065 shares of the company’s stock valued at $229,000 after buying an additional 140 shares during the last quarter. Hedge funds and other institutional investors own 29.50% of the company’s stock.
Ryerson Holding Corp. Company Profile
Ryerson Holding Corporation (Ryerson Holding) is a service center company for carbon and stainless steel, as well as aluminum. The Company processes and distributes a full line of over 70,000 products in stainless steel, aluminum, carbon steel and alloy steels, and a limited line of nickel and red metals in various shapes and forms.
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