Ryerson (RYI) Tops Q3 EPS by 2c

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Ryerson Inc. (RYI) Beats Consensus But Misses Jefferies Estimates; Reiterates Hold

November 16, 2015 10:08 AM EST

Jefferies reiterated a Hold rating on Ryerson Holding (NYSE: RYI), and cut the price target to $6.00 (from $6.75), following the company's 3Q earnings report. RYI reported adjusted 3Q15 EPS of $0.23 which exceeded consensus of $0.17, but missed Jefferies estimate by 2c. Despite the operating beat,... More