Wall Street brokerages forecast that Ryerson Holding Corp (NYSE:RYI) will report $0.15 earnings per share for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Ryerson’s earnings, with the highest EPS estimate coming in at $0.17 and the lowest estimate coming in at $0.13. Ryerson posted earnings of $0.16 per share in the same quarter last year, which would suggest a negative year over year growth rate of 6.3%. The company is scheduled to report its next quarterly earnings results on Tuesday, March 3rd.

On average, analysts expect that Ryerson will report full year earnings of $1.64 per share for the current financial year, with EPS estimates ranging from $1.61 to $1.66. For the next financial year, analysts forecast that the firm will report earnings of $1.37 per share, with EPS estimates ranging from $1.10 to $1.58. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Ryerson.

Ryerson (NYSE:RYI) last posted its quarterly earnings data on Wednesday, October 30th. The basic materials company reported $0.24 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.63 by ($0.39). The company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.11 billion. Ryerson had a net margin of 1.20% and a return on equity of 54.24%. The business’s revenue for the quarter was down 11.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.17 earnings per share.

Several equities research analysts have recently weighed in on RYI shares. Zacks Investment Research raised Ryerson from a “strong sell” rating to a “hold” rating in a research note on Saturday, November 16th. BMO Capital Markets cut their price objective on Ryerson from $9.00 to $7.00 and set a “market perform” rating on the stock in a research note on Monday, August 26th. Finally, ValuEngine lowered Ryerson from a “hold” rating to a “sell” rating in a research note on Wednesday, November 20th.

RYI traded up $0.45 during midday trading on Friday, hitting $11.35. 165,684 shares of the company were exchanged, compared to its average volume of 123,368. The firm’s 50 day moving average price is $9.46 and its 200-day moving average price is $8.33. Ryerson has a 1-year low of $5.99 and a 1-year high of $11.53. The firm has a market capitalization of $411.84 million, a P/E ratio of 10.61 and a beta of 2.13. The company has a quick ratio of 0.92, a current ratio of 2.21 and a debt-to-equity ratio of 7.37.

A number of hedge funds have recently added to or reduced their stakes in RYI. Jacobs Levy Equity Management Inc. lifted its stake in shares of Ryerson by 4.5% in the 2nd quarter. Jacobs Levy Equity Management Inc. now owns 41,439 shares of the basic materials company’s stock valued at $345,000 after purchasing an additional 1,800 shares during the period. Northern Trust Corp lifted its stake in Ryerson by 0.9% in the second quarter. Northern Trust Corp now owns 201,629 shares of the basic materials company’s stock valued at $1,680,000 after buying an additional 1,843 shares during the period. Mutual Advisors LLC lifted its stake in Ryerson by 2.1% in the second quarter. Mutual Advisors LLC now owns 98,200 shares of the basic materials company’s stock valued at $818,000 after buying an additional 2,000 shares during the period. Bailard Inc. lifted its stake in Ryerson by 11.2% in the third quarter. Bailard Inc. now owns 23,900 shares of the basic materials company’s stock valued at $204,000 after buying an additional 2,400 shares during the period. Finally, United Services Automobile Association boosted its holdings in shares of Ryerson by 4.4% during the 2nd quarter. United Services Automobile Association now owns 98,200 shares of the basic materials company’s stock worth $818,000 after buying an additional 4,100 shares in the last quarter. Institutional investors and hedge funds own 35.44% of the company’s stock.

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, structurals, and tubing.

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Earnings History and Estimates for Ryerson (NYSE:RYI)

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