Ryerson Holding Corp RYI.N reported quarterly adjusted earnings of 8 cents per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 33 cents. The mean expectation of two analysts for the quarter was for earnings of 19 cents per share. Wall Street expected results to range from 15 cents to 23 cents per share.
Revenue fell 4.6% to $1.17 billion from a year ago; analysts expected $1.18 billion.
Ryerson Holding Corp's reported EPS for the quarter was 6 cents.
The company reported quarterly net income of $1.9 million.
Ryerson Holding Corp shares had risen by 4.9% this quarter and gained 22.2% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 42.4% in the last three months.
In the last 30 days, there have been no negative revisions of earnings estimates
RECOMMENDATIONS
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell." The average consensus recommendation for the iron & steel peer group is "buy."
Wall Street's median 12-month price target for Ryerson Holding Corp is $24.00, about 9.2% above its last closing price of $21.80
This summary was machine generated from LSEG data July 29 at 09:45 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)