Equities research analysts forecast that Ryerson Holding Corp (NYSE:RYI) will post sales of $1.19 billion for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Ryerson’s earnings. The lowest sales estimate is $1.18 billion and the highest is $1.21 billion. Ryerson reported sales of $1.06 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 12.3%. The company is expected to report its next quarterly earnings results on Wednesday, August 7th.

According to Zacks, analysts expect that Ryerson will report full-year sales of $4.71 billion for the current year, with estimates ranging from $4.50 billion to $4.85 billion. For the next fiscal year, analysts forecast that the company will report sales of $4.67 billion, with estimates ranging from $4.22 billion to $4.93 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow Ryerson.

Ryerson (NYSE:RYI) last released its quarterly earnings data on Wednesday, May 1st. The basic materials company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.22. Ryerson had a net margin of 2.66% and a return on equity of 76.79%. The company had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same quarter in the prior year, the business earned $0.28 earnings per share. The business’s quarterly revenue was up 30.8% compared to the same quarter last year.

Several research analysts have recently weighed in on RYI shares. ValuEngine downgraded shares of Ryerson from a “sell” rating to a “strong sell” rating in a research note on Thursday, April 11th. Deutsche Bank downgraded shares of Ryerson from a “buy” rating to a “hold” rating and set a $10.00 target price for the company. in a research note on Wednesday, April 10th. Finally, Zacks Investment Research upgraded shares of Ryerson from a “hold” rating to a “strong-buy” rating and set a $12.00 target price for the company in a research note on Wednesday, May 8th.

Shares of Ryerson stock traded down $0.34 during trading hours on Tuesday, hitting $7.19. The company’s stock had a trading volume of 217,808 shares, compared to its average volume of 143,904. Ryerson has a 1-year low of $5.99 and a 1-year high of $12.85. The firm has a market capitalization of $282.24 million, a P/E ratio of 6.72 and a beta of 1.93. The company has a quick ratio of 1.01, a current ratio of 2.34 and a debt-to-equity ratio of 10.69.

In related news, insider Michael Burbach acquired 4,000 shares of Ryerson stock in a transaction on Thursday, May 30th. The shares were purchased at an average cost of $8.49 per share, for a total transaction of $33,960.00. Following the purchase, the insider now directly owns 110,090 shares of the company’s stock, valued at approximately $934,664.10. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Stephen P. Larson acquired 20,000 shares of Ryerson stock in a transaction on Friday, March 22nd. The shares were bought at an average price of $8.55 per share, for a total transaction of $171,000.00. Following the completion of the purchase, the director now directly owns 40,000 shares in the company, valued at $342,000. The disclosure for this purchase can be found here. Insiders bought 29,171 shares of company stock valued at $248,176 over the last 90 days. Insiders own 1.36% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of RYI. Investors Research Corp acquired a new position in shares of Ryerson in the 1st quarter valued at approximately $27,000. BNP Paribas Arbitrage SA raised its holdings in Ryerson by 111.3% in the 1st quarter. BNP Paribas Arbitrage SA now owns 3,375 shares of the basic materials company’s stock valued at $29,000 after acquiring an additional 1,778 shares during the last quarter. Mackenzie Financial Corp acquired a new stake in shares of Ryerson during the 4th quarter worth approximately $63,000. Rhumbline Advisers increased its holdings in shares of Ryerson by 48.7% during the 4th quarter. Rhumbline Advisers now owns 20,940 shares of the basic materials company’s stock worth $133,000 after buying an additional 6,860 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC increased its holdings in shares of Ryerson by 15.2% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 24,175 shares of the basic materials company’s stock worth $153,000 after buying an additional 3,189 shares during the last quarter. Hedge funds and other institutional investors own 35.87% of the company’s stock.

About Ryerson

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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