News headlines about Ryerson Holding Corporation (NYSE:RYI) have been trending somewhat positive this week, according to AlphaOne. The research group, a subsidiary of Accern, identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real-time. AlphaOne ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Ryerson Holding Corporation earned a coverage optimism score of 0.08 on AlphaOne’s scale. AlphaOne also gave media coverage about the basic materials company an impact score of 0 out of 100, meaning that recent media coverage is extremely unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the headlines that may have impacted AlphaOne’s rankings:
- Are Analysts Bullish about Ryerson Holding Corp (NYSE:RYI) after last week? – Weekly Register (weeklyregister.com)
- Watching Historical Performance for Ryerson Holding Corporation (NYSE:RYI) – Jonesboro Recorder (jonesbororecorder.com)
- Q2 2017 Earnings Estimate for Ryerson Holding Corporation (RYI) Issued By KeyCorp (americanbankingnews.com)
- Trend Signal Review for Ryerson Holding Corp (RYI) – Wall Street Review (thewallstreetreview.com)
- The Analysts Expect Ryerson Holding Corp (RYI) to Post $0.39 Earnings Per Share – BangaloreWeekly (bangaloreweekly.com)
Ryerson Holding Corporation (NYSE:RYI) traded down 1.10% on Friday, reaching $8.95. 263,554 shares of the company were exchanged. The stock has a market capitalization of $332.73 million, a P/E ratio of 15.95 and a beta of 2.20. The company’s 50-day moving average price is $9.99 and its 200-day moving average price is $11.81. Ryerson Holding Corporation has a 12-month low of $7.80 and a 12-month high of $19.71.
Ryerson Holding Corporation (NYSE:RYI) last released its earnings results on Wednesday, May 3rd. The basic materials company reported $0.40 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.06. The company had revenue of $814.50 million for the quarter, compared to the consensus estimate of $788.38 million. Ryerson Holding Corporation had a net margin of 0.67% and a negative return on equity of 61.00%. Equities research analysts anticipate that Ryerson Holding Corporation will post $1.48 earnings per share for the current fiscal year.
RYI has been the subject of several research reports. ValuEngine downgraded shares of Ryerson Holding Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, May 16th. BMO Capital Markets reissued a “hold” rating and set a $13.00 price objective on shares of Ryerson Holding Corporation in a research report on Thursday, April 20th. Finally, Zacks Investment Research raised shares of Ryerson Holding Corporation from a “strong sell” rating to a “hold” rating and set a $12.00 price objective for the company in a research report on Tuesday, March 14th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $14.33.
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In other Ryerson Holding Corporation news, Director Stephen P. Larson purchased 10,000 shares of the firm’s stock in a transaction on Tuesday, March 28th. The stock was acquired at an average price of $10.76 per share, for a total transaction of $107,600.00. Following the purchase, the director now owns 20,000 shares of the company’s stock, valued at approximately $215,200. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Edward J. Lehner purchased 3,940 shares of the firm’s stock in a transaction on Friday, May 5th. The shares were acquired at an average price of $9.78 per share, with a total value of $38,533.20. Following the purchase, the chief executive officer now directly owns 107,470 shares in the company, valued at approximately $1,051,056.60. The disclosure for this purchase can be found here. Insiders have acquired a total of 40,120 shares of company stock valued at $386,416 in the last 90 days. 0.76% of the stock is currently owned by company insiders.
Ryerson Holding Corporation 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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