Ryerson (NYSE:RYI) issued its earnings results on Friday. The basic materials company reported $0.17 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.07), Briefing.com reports. The firm had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.24 billion. Ryerson had a net margin of 2.60% and a return on equity of 486.32%. The company’s revenue for the quarter was up 44.6% on a year-over-year basis. During the same period last year, the firm earned $0.05 earnings per share.
Shares of NYSE RYI opened at $8.59 on Friday. 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 firm has a market cap of $320.37 million, a price-to-earnings ratio of 10.48 and a beta of 1.93. Ryerson has a twelve month low of $7.85 and a twelve month high of $12.95.
A number of equities research analysts have weighed in on RYI shares. Zacks Investment Research raised Ryerson from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a research report on Thursday, August 9th. Deutsche Bank lowered Ryerson from a “buy” rating to a “hold” rating and set a $12.00 target price for the company. in a research report on Monday, July 9th. Finally, ValuEngine lowered Ryerson from a “hold” rating to a “sell” rating in a research report on Tuesday, September 4th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. Ryerson presently has a consensus rating of “Hold” and an average target price of $11.06.
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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