Ryerson (NYSE:RYI) Announces Quarterly Earnings Results

Ryerson (NYSE:RYI) issued its quarterly earnings results on Tuesday. The basic materials company reported ($0.20) earnings per share (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 return on equity of 2.66% and a net margin of 0.46%. During the same quarter in the previous year, the company earned $1.00 earnings per share. Ryerson updated its Q4 2024 guidance to -0.530–0.470 EPS.

Ryerson Stock Down 2.2 %

Shares of NYSE RYI traded down $0.47 during mid-day trading on Friday, hitting $21.32. The company had a trading volume of 121,825 shares, compared to its average volume of 313,280. Ryerson has a 1-year low of $17.57 and a 1-year high of $36.20. The company has a market capitalization of $678.98 million, a PE ratio of 34.87 and a beta of 1.56. 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 business’s 50-day simple moving average is $20.13 and its 200 day simple moving average is $21.89.

Ryerson Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be paid a $0.1875 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $0.75 annualized dividend and a dividend yield of 3.52%. 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.