What is KeyCorp’s Estimate for Ryerson FY2025 Earnings?

Ryerson Holding Co. (NYSE:RYI) – Equities research analysts at KeyCorp issued their FY2025 earnings estimates for shares of Ryerson in a research note issued on Tuesday, January 21st. KeyCorp analyst P. Gibbs forecasts that the basic materials company will post earnings of $1.20 per share for the year.

Ryerson (NYSE:RYI) last announced its quarterly earnings results on Tuesday, October 29th. The basic materials company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.26). The company had revenue of $1.13 billion for the quarter. Ryerson had a return on equity of 2.66% and a net margin of 0.46%. During the same quarter in the prior year, the company earned $1.00 earnings per share.

Ryerson Stock Performance

Shares of RYI stock opened at $20.17 on Thursday. The company has a current ratio of 2.22, a quick ratio of 1.06 and a debt-to-equity ratio of 0.62. Ryerson has a 12-month low of $17.18 and a 12-month high of $36.15. The business’s 50 day moving average is $21.66 and its two-hundred day moving average is $21.15. The company has a market capitalization of $642.51 million, a P/E ratio of 33.07 and a beta of 1.59.

Ryerson Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were given a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a yield of 3.72%. The ex-dividend date of this dividend was Thursday, December 5th. Ryerson’s dividend payout ratio is presently 122.95%.

Insider Buying and Selling at Ryerson

In related news, EVP Mark S. Silver sold 9,000 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $24.56, for a total transaction of $221,040.00. Following the completion of the sale, the executive vice president now directly owns 107,664 shares in the company, valued at approximately $2,644,227.84. The trade was a 7.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.88% of the company’s stock.

Hedge Funds Weigh In On Ryerson

Hedge funds and other institutional investors have recently modified their holdings of the business. Newbridge Financial Services Group Inc. acquired a new stake in Ryerson in the 2nd quarter valued at about $39,000. Copeland Capital Management LLC acquired a new stake in shares of Ryerson in the third quarter valued at approximately $56,000. SG Americas Securities LLC purchased a new position in Ryerson during the third quarter worth approximately $108,000. Point72 DIFC Ltd boosted its stake in Ryerson by 16.7% during the second quarter. Point72 DIFC Ltd now owns 5,835 shares of the basic materials company’s stock worth $114,000 after buying an additional 837 shares during the last quarter. Finally, FMR LLC grew its holdings in Ryerson by 159.7% in the 3rd quarter. FMR LLC now owns 7,649 shares of the basic materials company’s stock valued at $152,000 after buying an additional 4,704 shares in the last quarter. 94.81% of the stock is owned by hedge funds and other institutional investors.

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.