Home Online Earning Ryerson (RYI) Earning Somewhat Favorable News Coverage, Analysis Finds

Ryerson (RYI) Earning Somewhat Favorable News Coverage, Analysis Finds

7 min read

News headlines about Ryerson (NYSE:RYI) have trended somewhat positive recently, Accern Sentiment reports. The research firm identifies negative and positive media coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Ryerson earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned news coverage about the basic materials company an impact score of 46.4539705946369 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Here are some of the news stories that may have effected Accern Sentiment’s analysis:

Several brokerages have issued reports on RYI. BMO Capital Markets cut 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. Jefferies Group reiterated a “hold” rating and set a $9.75 price target on shares of Ryerson in a research report on Friday, November 10th. Zacks Investment Research cut Ryerson from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 11th. Finally, KeyCorp restated a “buy” rating and issued a $13.50 target price on shares of Ryerson in a research report on Tuesday, September 19th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. Ryerson currently has a consensus rating of “Hold” and a consensus price target of $11.08.

Ryerson (NYSE RYI) opened at $10.30 on Friday. The stock has a market capitalization of $383.25, a price-to-earnings ratio of 42.92 and a beta of 2.07. The company has a debt-to-equity ratio of -70.93, a quick ratio of 1.08 and a current ratio of 2.49. Ryerson has a one year low of $7.65 and a one year high of $14.90.

Ryerson (NYSE:RYI) last released its quarterly earnings data on Tuesday, November 7th. The basic materials company reported $0.05 earnings per share for the quarter, hitting the consensus estimate of $0.05. The business had revenue of $864.20 million during the quarter, compared to analyst estimates of $853.35 million. Ryerson had a negative return on equity of 33.95% and a net margin of 0.26%. The company’s revenue was up 17.6% compared to the same quarter last year. During the same period last year, the company posted $0.28 EPS. equities research analysts predict that Ryerson will post 0.55 earnings per share for the current year.

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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.

Insider Buying and Selling by Quarter for Ryerson (NYSE:RYI)

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