Equities analysts expect that Ryerson Holding Corp (NYSE:RYI) will post $1.20 billion in sales for the current quarter, according to Zacks Investment Research. Three analysts have made 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 in the same quarter last year, which indicates a positive year over year growth rate of 13.2%. The company is scheduled to report its next quarterly earnings report on Wednesday, August 7th.

On average, analysts expect that Ryerson will report full-year sales of $4.73 billion for the current year, with estimates ranging from $4.50 billion to $4.85 billion. For the next year, analysts forecast that the firm will post sales of $4.70 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 issued its earnings results on Tuesday, March 5th. The basic materials company reported $0.16 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.09). The business had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.13 billion. Ryerson had a return on equity of 76.79% and a net margin of 2.66%.

RYI has been the subject of a number of recent analyst reports. Deutsche Bank lowered shares of Ryerson from a “buy” rating to a “hold” rating and set a $10.00 price objective for the company. in a research note on Wednesday, April 10th. ValuEngine raised shares of Ryerson from a “strong sell” rating to a “sell” rating in a research note on Friday, March 15th. Finally, Zacks Investment Research raised shares of Ryerson from a “sell” rating to a “hold” rating in a research note on Wednesday, March 13th.

In related news, Director Stephen P. Larson bought 20,000 shares of the business’s stock in a transaction on Friday, March 22nd. The stock was bought at an average price of $8.55 per share, for a total transaction of $171,000.00. Following the transaction, the director now directly owns 40,000 shares in the company, valued at $342,000. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 1.36% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the business. Nordea Investment Management AB lifted its position in Ryerson by 3.3% in the 1st quarter. Nordea Investment Management AB now owns 98,100 shares of the basic materials company’s stock worth $840,000 after buying an additional 3,100 shares in the last quarter. Oxford Asset Management LLP purchased a new stake in Ryerson in the 1st quarter worth approximately $326,000. Charles Schwab Investment Management Inc. lifted its position in Ryerson by 15.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 294,412 shares of the basic materials company’s stock worth $2,521,000 after buying an additional 40,009 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its position in Ryerson by 23.0% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 39,639 shares of the basic materials company’s stock worth $339,000 after buying an additional 7,400 shares in the last quarter. Finally, ClariVest Asset Management LLC lifted its position in Ryerson by 3.3% in the 1st quarter. ClariVest Asset Management LLC now owns 98,100 shares of the basic materials company’s stock worth $840,000 after buying an additional 3,100 shares in the last quarter. Institutional investors own 35.64% of the company’s stock.

NYSE:RYI traded down $0.17 during trading hours on Friday, reaching $9.09. 196,545 shares of the company’s stock were exchanged, compared to its average volume of 217,359. Ryerson has a 12 month low of $5.99 and a 12 month high of $12.95. The company has a debt-to-equity ratio of 10.69, a quick ratio of 1.01 and a current ratio of 2.34. The stock has a market capitalization of $343.42 million, a price-to-earnings ratio of 8.50 and a beta of 1.94.

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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