Ryerson (NYSE:RYI) Announces Quarterly Earnings Results

Ryerson (NYSE:RYI) released its earnings results on Tuesday. The basic materials company reported ($0.20) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.26), Zacks reports. The business had revenue of $1.13 billion for the quarter. Ryerson had a net margin of 0.46% and a return on equity of 2.66%. During the same period in the prior year, the business posted $1.00 EPS. Ryerson updated its Q4 2024 guidance to -0.530–0.470 EPS.

Ryerson Stock Performance

RYI traded down $0.42 during trading hours on Friday, hitting $21.37. 159,223 shares of the stock were exchanged, compared to its average volume of 313,456. The stock has a market cap of $680.57 million, a price-to-earnings ratio of 34.87 and a beta of 1.56. The stock has a 50-day simple moving average of $20.13 and a 200-day simple moving average of $21.89. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.22 and a quick ratio of 1.11. Ryerson has a 12 month low of $17.57 and a 12 month high of $36.20.

Ryerson Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be issued a $0.1875 dividend. The ex-dividend date is Thursday, December 5th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.51%. Ryerson’s dividend payout ratio (DPR) is 122.95%.

Ryerson Company Profile

Ryerson Holding Corporation, together with its subsidiaries, processes and distributes industrial metals in the United States and internationally. It offers a line of products in carbon steel, stainless steel, alloy steels, and aluminum, as well as nickel and red metals in various shapes and forms, including coils, sheets, rounds, hexagons, square and flat bars, plates, structural, and tubing.