e.l.f. Beauty stock plummets 20% as revenue and guidance fall short of expectations
Investing.com - KeyBanc has maintained its Sector Weight rating on Ryerson Holding (NYSE:RYI) following the company’s third-quarter 2025 results and merger announcement with Olympic Steel.
The financial services firm trimmed its fiscal year 2025 EBITDA estimates for Ryerson due to softer margins, while keeping its 2026 EBITDA forecast relatively unchanged, according to KeyBanc analyst Samuel McKinney.
Ryerson Holding and Olympic Steel Inc. (NASDAQ:ZEUS) have announced a definitive merger agreement, with the transaction expected to close in the first quarter of 2026.
Under the terms of the agreement, Olympic Steel shareholders will receive 1.7105 shares of Ryerson common stock for each Olympic Steel share they own, ultimately holding approximately 37% ownership in the combined company.
KeyBanc Capital Markets Inc. is serving as Olympic’s financial adviser for the transaction and has provided a fairness opinion, with KeyBanc noting its analysis pertains only to Ryerson as a standalone company and excludes forecasts related to the pending merger.
In other recent news, Ryerson Holding Corp reported a net loss for the third quarter of 2025, significantly missing earnings per share (EPS) forecasts. The company recorded an EPS of -$0.46, which was well below the anticipated $0.01. Revenue for the quarter was reported at $1.16 billion, aligning with expectations. Despite meeting revenue estimates, the earnings miss was notable for investors. These developments have sparked interest among analysts and investors alike, given the discrepancy between earnings and revenue performance. The company’s financial results have been closely monitored, especially in light of current market conditions. Analysts and investors are evaluating the implications of these results on Ryerson’s future performance.
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