Ryerson (NYSE:RYI) Releases Q4 2024 Earnings Guidance

Ryerson (NYSE:RYI) issued an update on its fourth quarter 2024 earnings guidance on Tuesday morning. The company provided earnings per share guidance of -0.530–0.470 for the period, compared to the consensus earnings per share estimate of 0.770. The company issued revenue guidance of $1.0 billion-$1.0 billion, compared to the consensus revenue estimate of $1.1 billion.

Ryerson Stock Down 0.9 %

RYI traded down $0.21 during trading on Tuesday, reaching $22.41. 356,119 shares of the stock traded hands, compared to its average volume of 313,799. The stock’s 50-day simple moving average is $19.96 and its two-hundred day simple moving average is $21.96. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.38 and a quick ratio of 1.11. Ryerson has a fifty-two week low of $17.57 and a fifty-two week high of $36.20. The stock has a market cap of $744.01 million, a price-to-earnings ratio of 12.39 and a beta of 1.56.

Ryerson (NYSE:RYI) last announced its quarterly earnings results on Tuesday, July 30th. The basic materials company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.13. Ryerson had a return on equity of 7.27% and a net margin of 1.31%. The business had revenue of $1.23 billion during the quarter. During the same quarter in the prior year, the firm earned $1.06 earnings per share.

Ryerson Cuts Dividend

The firm also recently announced 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. This represents a $0.75 dividend on an annualized basis and a yield of 3.35%. Ryerson’s dividend payout ratio (DPR) is presently 41.44%.

About Ryerson

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.