Ryerson Holding Corporation (RYI) to Post FY2018 Earnings of $1.40 Per Share, Jefferies Group Forecasts
Ryerson Holding Corporation (NYSE:RYI) – Equities researchers at Jefferies Group boosted their FY2018 EPS estimates for shares of Ryerson Holding Corporation in a research note issued to investors on Wednesday. Jefferies Group analyst S. Rosenfeld now forecasts that the basic materials company will post earnings of $1.40 per share for the year, up from their prior forecast of $1.36. Jefferies Group currently has a “Hold” rating and a $9.75 price target on the stock.
Ryerson Holding Corporation (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, hitting the Thomson Reuters’ consensus estimate of $0.05. Ryerson Holding Corporation had a negative return on equity of 33.95% and a net margin of 0.26%. The business had revenue of $864.20 million during the quarter, compared to the consensus estimate of $853.35 million. During the same period in the prior year, the company posted $0.28 EPS. The firm’s revenue for the quarter was up 17.6% compared to the same quarter last year. COPYRIGHT VIOLATION WARNING: This story was first published by Watch List News and is the sole property of of Watch List News. If you are viewing this story on another domain, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright laws. The original version of this story can be viewed at https://www.watchlistnews.com/ryerson-holding-corporation-ryi-to-post-fy2018-earnings-of-1-40-per-share-jefferies-group-forecasts/1695782.html.
Several other analysts have also recently issued reports on the company. Zacks Investment Research raised Ryerson Holding Corporation from a “sell” rating to a “hold” rating in a report on Saturday. BMO Capital Markets reaffirmed a “hold” rating and set a $13.00 price objective on shares of Ryerson Holding Corporation in a report on Friday, October 20th. KeyCorp reaffirmed a “buy” rating and set a $13.50 price objective on shares of Ryerson Holding Corporation in a report on Tuesday, September 19th. TheStreet raised Ryerson Holding Corporation from a “d” rating to a “c” rating in a report on Monday, August 7th. Finally, BidaskClub cut Ryerson Holding Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. Ryerson Holding Corporation currently has a consensus rating of “Hold” and an average target price of $13.56.
Ryerson Holding Corporation (RYI) traded up $0.05 during mid-day trading on Friday, reaching $8.90. The company’s stock had a trading volume of 305,300 shares, compared to its average volume of 306,558. The company has a market cap of $329.30, a P/E ratio of 31.61 and a beta of 2.08. Ryerson Holding Corporation has a 1-year low of $7.65 and a 1-year high of $16.85. The company has a quick ratio of 1.18, a current ratio of 2.49 and a debt-to-equity ratio of -70.93.
Institutional investors and hedge funds have recently modified their holdings of the company. California Public Employees Retirement System purchased a new stake in shares of Ryerson Holding Corporation during the 1st quarter worth approximately $275,000. HighTower Advisors LLC purchased a new stake in Ryerson Holding Corporation during the 1st quarter valued at $192,000. Dimensional Fund Advisors LP raised its holdings in Ryerson Holding Corporation by 10.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 547,671 shares of the basic materials company’s stock valued at $6,900,000 after buying an additional 52,109 shares during the period. Marshall Wace North America L.P. purchased a new stake in Ryerson Holding Corporation during the 2nd quarter valued at $1,476,000. Finally, First Heartland Consultants Inc. raised its holdings in Ryerson Holding Corporation by 12.5% during the 2nd quarter. First Heartland Consultants Inc. now owns 96,200 shares of the basic materials company’s stock valued at $952,000 after buying an additional 10,700 shares during the period. 40.85% of the stock is currently owned by institutional investors and hedge funds.
About Ryerson Holding Corporation
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.
Receive News & Ratings for Ryerson Holding Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ryerson Holding Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.