Analysts expect Ryerson Holding Corp (NYSE:RYI) to report sales of $794.53 million for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Ryerson’s earnings, with the highest sales estimate coming in at $820.96 million and the lowest estimate coming in at $757.30 million. Ryerson reported sales of $682.20 million in the same quarter last year, which indicates a positive year over year growth rate of 16.5%. The firm is expected to issue its next earnings report on Monday, March 12th.

According to Zacks, analysts expect that Ryerson will report full year sales of $794.53 million for the current fiscal year, with estimates ranging from $3.26 billion to $3.38 billion. For the next year, analysts anticipate that the firm will report sales of $3.51 billion per share, with estimates ranging from $3.43 billion to $3.59 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover Ryerson.

Ryerson (NYSE:RYI) last posted its quarterly earnings results on Tuesday, November 7th. The basic materials company reported $0.05 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.05. Ryerson had a net margin of 0.26% and a negative return on equity of 33.95%. The firm had revenue of $864.20 million during the quarter, compared to the consensus estimate of $853.35 million. During the same quarter in the previous year, the firm posted $0.28 earnings per share. The company’s revenue was up 17.6% on a year-over-year basis.

Several equities analysts recently issued reports on RYI shares. Zacks Investment Research lowered shares of Ryerson from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 11th. BMO Capital Markets reissued a “hold” rating and set a $13.00 price objective on shares of Ryerson in a report on Friday, October 20th. Jefferies Group reissued a “hold” rating and set a $9.75 price objective on shares of Ryerson in a report on Friday, November 10th. Finally, KeyCorp reaffirmed a “buy” rating and issued a $13.50 price target on shares of Ryerson in a report on Tuesday, September 19th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. Ryerson presently has a consensus rating of “Hold” and an average price target of $11.08.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. California Public Employees Retirement System purchased a new position in Ryerson in the first quarter worth $275,000. Dimensional Fund Advisors LP lifted its stake in shares of Ryerson by 10.5% during the first quarter. Dimensional Fund Advisors LP now owns 547,671 shares of the basic materials company’s stock worth $6,900,000 after buying an additional 52,109 shares during the period. Marshall Wace North America L.P. acquired a new stake in shares of Ryerson during the second quarter worth $1,476,000. Swiss National Bank acquired a new stake in shares of Ryerson during the second quarter worth $275,000. Finally, Citadel Advisors LLC lifted its stake in shares of Ryerson by 78.4% during the second quarter. Citadel Advisors LLC now owns 65,705 shares of the basic materials company’s stock worth $651,000 after buying an additional 28,867 shares during the period. 39.28% of the stock is currently owned by institutional investors and hedge funds.

Ryerson (RYI) traded up $0.10 during trading on Monday, hitting $8.85. 273,800 shares of the stock traded hands, compared to its average volume of 301,257. The company has a quick ratio of 1.08, a current ratio of 2.49 and a debt-to-equity ratio of -70.93. Ryerson has a 1 year low of $7.65 and a 1 year high of $16.00. The company has a market capitalization of $327.44, a P/E ratio of 31.43 and a beta of 2.07.

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Ryerson Company Profile

Ryerson Holding Corporation is a service center company for carbon and stainless steel, as well as aluminum. The Company operates through metal service centers segment. In addition to providing a range of flat and long metals products, it offers various value-added processing and fabrication services, such as sawing, slitting, blanking, cutting to length, leveling, flame cutting, laser cutting, edge trimming, edge rolling, roll forming, tube manufacturing, polishing, shearing, forming, stamping, punching, rolling shell plate to radius and beveling to process materials to a specified thickness, length, width, shape and surface quality pursuant to specific customer orders.

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Earnings History and Estimates for Ryerson (NYSE:RYI)

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