An Investigation into the Ryerson Holding Company (NYSE: RYI) In a research note published Tuesday, September 20, KeyCorp lowered its earnings per share (EPS) expectation for Ryerson in the third quarter of 2022. According to forecasts provided by KeyCorp analyst P. said in the fourth quarter, Gibbs, the basic materials company, would earn just $2.47 per share, down from the previous expectation of $2.50 per share. According to the most recent estimate of the average opinion of financial analysts, Ryerson is expected to post earnings of $12.60 per share for the full year. KeyCorp also predicted that Ryerson would earn $13.00 per share in its 2022 fiscal year.
Ryerson’s (NYSE:RYI) most recent earnings report can be found on this page. It was released on August 3 and you can see it here. The basic materials maker reported earnings per share of $5.31 for the quarter, $0.73 higher than analysts’ earnings projection of $4.58.
The company posted revenues totaling $1.74 billion during the period in question. Ryerson had a return on equity of 95.50%, while the company’s net margin was 7.82%. Shares of RYI went on sale for the first time on Thursday at a price of $26.64 per share. Over the past 52 weeks, Ryerson’s price has fluctuated between $17.90 and $44.09 at various times. The current ratio is 2.15, the quick ratio is 1.00 and the debt ratio is 1.00. The debt ratio is 0.60, the quick ratio is 1.00 and the current ratio is 2.15. The company’s market cap is currently $987.28 million, its P/E ratio is 2.01, and its beta is 1.72. The 50-day and 200-day moving averages for this stock currently sit at $27.63 and $29.96, respectively. Other equity research analysts have also written about the company in question. In a research note released Monday, Aug. 15, BMO Capital Markets reaffirmed its “outperform” rating on Ryerson shares and set a price target of $35.00 for the company. Additionally, the company was assigned a price target of $30.00. StockNews.com’s previous “buy” rating was upgraded to “strong buy” on Friday, August 12.
Recently, several prominent investors have increased the number of RYI shares they already own or have purchased additional shares of the company. The value of Northern Trust Corporation’s holdings in Ryerson rose 3.2% during the fourth quarter of 2018. Northern Trust Corp. now directly owns a total of 223,609 shares of the basic materials company after making additional purchases of 6,956 shares in the last quarter. This brings the total number of shares held directly by Northern Trust Corp to 223,609. These shares are worth $5,825,000 together. During the fourth quarter of 2018, BNP Paribas Arbitrage SA increased its holdings of Ryerson shares by 312.1%. BNP Paribas Arbitrage SA currently owns 15,248 shares in the basic materials company. During the last quarter, the company increased its stake in the company by purchasing an additional 11,548 shares. Currently, the value of these shares is $397,000. Over the past three months, Bank of Montreal has established a new position in Ryerson with an investment value of $1,863,000. During the fourth quarter, GSA Capital Partners LLP acquired an additional 9.0% of shares in Ryerson, bringing the total number of company shares it held to 63,600.
Following the purchase of an additional 1,101 shares in the company involved in fundamental materials trading, GSA Capital Partners LLP now has a total of 1,354 shares worth an additional $348,000 in the portfolio (at the end of most recent reporting period). In the fourth and final quarter of 2018, Navellier & Associates Inc. increased the number of Ryerson shares held by 90.4%. This should certainly not be considered the least important development. After purchasing an additional 11,663 shares in the last quarter, Navellier & Associates Inc. now owns 24,566 common shares of the basic materials company. The shares of the company are currently valued at $640,000 due to the combined value of all shares of the company. Institutional investors, including hedge funds and various other types, control 93.22% of the company’s shares.
On Friday August 19, the company’s CEO, Edward J. Lehner, completed a transaction in which he sold 7,500 shares of the company. This is just one of the latest events relating to this topic. The sale of shares generated total revenue of $233,250.00, with the average price at which each share was sold being $31.10. Completion of the transaction resulted in the CEO of the company acquiring direct ownership of 515,776 shares of the company. The current value of these shares is $16,040,633.60. By following the link provided here, you will be able to access the report submitted to the Securities and Exchange Commission (SEC) on the transaction. 2.66% of the management and employees of the company hold 1% of the total shares of the company.