Ryerson (RYI) Earns Daily Coverage Optimism Rating of -0.01
Headlines about Ryerson (NYSE:RYI) have trended somewhat negative on Saturday, according to Accern Sentiment. The research firm identifies negative and positive press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Ryerson earned a daily sentiment score of -0.01 on Accern’s scale. Accern also assigned headlines about the basic materials company an impact score of 46.0478208611371 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the news headlines that may have effected Accern’s scoring:
- KeyCorp Weighs in on Ryerson Holding Corp’s FY2018 Earnings (RYI) (americanbankingnews.com)
- 38 Stocks Moving In Thursday’s Mid-Day Session (feeds.benzinga.com)
- Analysts Set Expectations for Ryerson Holding Corp’s Q4 2017 Earnings (RYI) (americanbankingnews.com)
- Jefferies Group Reiterates Hold Rating for Ryerson (RYI) (americanbankingnews.com)
A number of equities research analysts have recently weighed in on RYI shares. KeyCorp reissued a “buy” rating and issued a $13.50 target price on shares of Ryerson in a research note on Tuesday, September 19th. Zacks Investment Research lowered Ryerson from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 11th. BMO Capital Markets reissued a “hold” rating and issued a $13.00 target price on shares of Ryerson in a research note on Friday, October 20th. Finally, Jefferies Group reissued a “hold” rating and issued a $9.75 target price on shares of Ryerson in a research note on Friday, November 10th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. Ryerson currently has an average rating of “Hold” and an average price target of $11.50.
Ryerson (NYSE:RYI) opened at $12.45 on Friday. The company has a market capitalization of $462.85, a P/E ratio of 54.13 and a beta of 2.07. 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 has a 52-week low of $7.65 and a 52-week high of $14.65.
Ryerson (NYSE:RYI) last released its quarterly earnings results on Tuesday, November 7th. The basic materials company reported $0.05 EPS for the quarter, meeting analysts’ consensus estimates of $0.05. The business had revenue of $864.20 million during the quarter, compared to analyst estimates of $853.35 million. Ryerson had a negative return on equity of 33.95% and a net margin of 0.26%. Ryerson’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.28 EPS. equities research analysts forecast that Ryerson will post 0.55 earnings per share for the current fiscal year.
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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