Ryerson (NYSE:RYI) Announces Quarterly Earnings Results

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

Ryerson Stock Performance

Shares of RYI stock traded down $0.39 during midday trading on Friday, hitting $21.40. The company had a trading volume of 134,013 shares, compared to its average volume of 313,337. Ryerson has a 52-week low of $17.57 and a 52-week high of $36.20. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.22 and a quick ratio of 1.11. The company’s 50 day simple moving average is $20.13 and its 200 day simple moving average is $21.89. The stock has a market cap of $681.53 million, a price-to-earnings ratio of 34.87 and a beta of 1.56.

Ryerson Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be given a dividend of $0.1875 per share. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $0.75 dividend on an annualized basis and a yield of 3.50%. Ryerson’s payout ratio 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.