Ryerson Holding Corporation (NYSE:RYI) – Equities researchers at KeyCorp dropped their FY2017 earnings estimates for Ryerson Holding Corporation in a research note issued on Monday. KeyCorp analyst P. Gibbs now expects that the basic materials company will post earnings per share of $0.35 for the year, down from their prior forecast of $0.60. KeyCorp currently has a “Buy” rating and a $13.50 price target on the stock. KeyCorp also issued estimates for Ryerson Holding Corporation’s Q4 2017 earnings at ($0.11) EPS and FY2018 earnings at $0.98 EPS.

Several other equities analysts have also weighed in on RYI. BidaskClub lowered shares of Ryerson Holding Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th. TheStreet upgraded shares of Ryerson Holding Corporation from a “d” rating to a “c” rating in a research report on Monday, August 7th. Jefferies Group LLC restated a “hold” rating and set a $9.25 price target on shares of Ryerson Holding Corporation in a research report on Thursday, September 7th. Zacks Investment Research lowered shares of Ryerson Holding Corporation from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 11th. Finally, BMO Capital Markets reiterated a “hold” rating and set a $13.00 target price on shares of Ryerson Holding Corporation in a research report on Friday, October 20th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. Ryerson Holding Corporation currently has a consensus rating of “Hold” and an average price target of $12.81.

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Ryerson Holding Corporation (NYSE RYI) opened at $9.10 on Thursday. The firm has a market cap of $334.88, a PE ratio of 32.14 and a beta of 2.08. The company has a current ratio of 2.49, a quick ratio of 1.08 and a debt-to-equity ratio of -70.93. Ryerson Holding Corporation has a 1 year low of $7.65 and a 1 year high of $16.85.

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, meeting the Thomson Reuters’ consensus estimate of $0.05. The company had revenue of $864.20 million during the quarter, compared to analyst estimates of $853.35 million. Ryerson Holding Corporation had a net margin of 0.26% and a negative return on equity of 33.95%. The firm’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.28 earnings per share.

Several hedge funds have recently added to or reduced their stakes in the company. California Public Employees Retirement System boosted its position in shares of Ryerson Holding Corporation by 89.2% in the third quarter. California Public Employees Retirement System now owns 83,059 shares of the basic materials company’s stock valued at $901,000 after acquiring an additional 39,159 shares during the period. Highbridge Capital Management LLC bought a new position in shares of Ryerson Holding Corporation in the third quarter valued at approximately $431,000. Dimensional Fund Advisors LP boosted its position in shares of Ryerson Holding Corporation by 11.5% in the third quarter. Dimensional Fund Advisors LP now owns 872,310 shares of the basic materials company’s stock valued at $9,462,000 after acquiring an additional 89,892 shares during the period. Wells Fargo & Company MN boosted its position in shares of Ryerson Holding Corporation by 1,111.8% in the third quarter. Wells Fargo & Company MN now owns 246,515 shares of the basic materials company’s stock valued at $2,674,000 after acquiring an additional 226,172 shares during the period. Finally, IndexIQ Advisors LLC raised its stake in Ryerson Holding Corporation by 83.1% in the third quarter. IndexIQ Advisors LLC now owns 68,790 shares of the basic materials company’s stock valued at $746,000 after purchasing an additional 31,218 shares in the last quarter. Institutional investors own 40.25% of the company’s stock.

Ryerson Holding Corporation 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.

Earnings History and Estimates for Ryerson Holding Corporation (NYSE:RYI)

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