Ryerson Holding Corp (NYSE:RYI) – Equities research analysts at KeyCorp dropped their FY2019 earnings per share estimates for shares of Ryerson in a research report issued on Tuesday, August 14th. KeyCorp analyst P. Gibbs now anticipates that the basic materials company will post earnings per share of $1.37 for the year, down from their prior forecast of $1.65.

RYI has been the subject of several other reports. Deutsche Bank downgraded Ryerson from a “buy” rating to a “hold” rating and set a $12.00 target price for the company. in a research note on Monday, July 9th. ValuEngine upgraded Ryerson from a “hold” rating to a “buy” rating in a research note on Tuesday, May 8th. Finally, Zacks Investment Research downgraded Ryerson from a “buy” rating to a “hold” rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $11.55.

RYI stock opened at $9.85 on Thursday. Ryerson has a 1-year low of $7.65 and a 1-year high of $12.95. The company has a debt-to-equity ratio of 48.25, a current ratio of 2.17 and a quick ratio of 0.99. The stock has a market capitalization of $425.17 million, a PE ratio of 26.62 and a beta of 1.91.

Ryerson (NYSE:RYI) last posted its quarterly earnings data on Wednesday, August 1st. The basic materials company reported $0.46 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.03. Ryerson had a return on equity of 2,278.26% and a net margin of 0.81%. The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same period last year, the company posted $0.02 EPS. The business’s quarterly revenue was up 20.8% on a year-over-year basis.

Several institutional investors and hedge funds have recently modified their holdings of the company. Millennium Management LLC acquired a new stake in shares of Ryerson in the 2nd quarter valued at about $558,000. United Services Automobile Association grew its stake in shares of Ryerson by 65.5% in the 2nd quarter. United Services Automobile Association now owns 82,900 shares of the basic materials company’s stock valued at $924,000 after buying an additional 32,800 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Ryerson by 9.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,139,289 shares of the basic materials company’s stock valued at $12,703,000 after buying an additional 100,475 shares during the period. Chicago Equity Partners LLC grew its stake in shares of Ryerson by 33.8% in the 2nd quarter. Chicago Equity Partners LLC now owns 215,865 shares of the basic materials company’s stock valued at $2,407,000 after buying an additional 54,565 shares during the period. Finally, BlackRock Inc. grew its stake in shares of Ryerson by 12.9% in the 2nd quarter. BlackRock Inc. now owns 1,379,843 shares of the basic materials company’s stock valued at $15,385,000 after buying an additional 158,104 shares during the period. Institutional investors own 38.70% of the company’s stock.

Ryerson Company Profile

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, structural products, and tubing.

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Earnings History and Estimates for Ryerson (NYSE:RYI)

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