Ryerson Holding Corp (NYSE:RYI) – Research analysts at KeyCorp dropped their FY2017 earnings estimates for Ryerson in a research report issued on Wednesday. KeyCorp analyst P. Gibbs now expects that the basic materials company will post earnings per share of $0.40 for the year, down from their previous estimate of $0.46. KeyCorp also issued estimates for Ryerson’s Q4 2017 earnings at ($0.06) EPS and FY2018 earnings at $0.95 EPS.

A number of other equities research analysts have also recently issued reports on the company. TheStreet upgraded Ryerson from a “d+” rating to a “c-” rating in a research note on Monday, January 22nd. Zacks Investment Research upgraded Ryerson from a “sell” rating to a “hold” rating in a research note on Tuesday, January 23rd. Jefferies Group reiterated a “hold” rating and set a $11.00 price objective on shares of Ryerson in a research note on Tuesday, January 9th. Finally, BMO Capital Markets dropped their price objective on Ryerson to $10.00 and set a “market perform” rating on the stock in a research note on Monday, November 13th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $11.50.

Shares of Ryerson (NYSE:RYI) opened at $10.60 on Monday. The company has a market capitalization of $394.07, a P/E ratio of 46.09 and a beta of 2.07. The company has a debt-to-equity ratio of -70.93, a current ratio of 2.49 and a quick ratio of 1.08. Ryerson has a 12 month low of $7.65 and a 12 month high of $14.65.

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

Several institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its stake in shares of Ryerson by 11.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 872,310 shares of the basic materials company’s stock worth $9,462,000 after purchasing an additional 89,892 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of Ryerson by 1,111.8% during the 3rd quarter. Wells Fargo & Company MN now owns 246,515 shares of the basic materials company’s stock worth $2,674,000 after purchasing an additional 226,172 shares in the last quarter. State Street Corp raised its stake in shares of Ryerson by 5.0% during the 2nd quarter. State Street Corp now owns 213,745 shares of the basic materials company’s stock worth $2,119,000 after purchasing an additional 10,141 shares in the last quarter. Benefit Street Partners LLC raised its stake in shares of Ryerson by 193.6% during the 2nd quarter. Benefit Street Partners LLC now owns 200,000 shares of the basic materials company’s stock worth $1,980,000 after purchasing an additional 131,875 shares in the last quarter. Finally, Northern Trust Corp raised its stake in Ryerson by 21.9% in the 2nd quarter. Northern Trust Corp now owns 196,483 shares of the basic materials company’s stock valued at $1,945,000 after acquiring an additional 35,362 shares during the period. Institutional investors own 39.25% of the company’s stock.

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About Ryerson

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 (NYSE:RYI)

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