FY2025 Earnings Estimate for Ryerson Issued By KeyCorp

Ryerson Holding Co. (NYSE:RYI) – Equities research analysts at KeyCorp issued their FY2025 EPS estimates for shares of Ryerson in a report released 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 Trading Down 2.9 %

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

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Victory Capital Management Inc. increased its position in shares of Ryerson by 164.8% during the third quarter. Victory Capital Management Inc. now owns 1,150,498 shares of the basic materials company’s stock worth $22,906,000 after acquiring an additional 715,990 shares during the period. Bank of Montreal Can acquired a new stake in Ryerson in the 2nd quarter valued at about $5,372,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Ryerson by 31.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 847,514 shares of the basic materials company’s stock valued at $16,874,000 after buying an additional 203,314 shares during the period. JB Capital Partners LP grew its position in shares of Ryerson by 4.0% during the third quarter. JB Capital Partners LP now owns 2,131,069 shares of the basic materials company’s stock worth $42,430,000 after buying an additional 82,313 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in shares of Ryerson by 34.1% during the second quarter. Renaissance Technologies LLC now owns 278,600 shares of the basic materials company’s stock worth $5,433,000 after buying an additional 70,901 shares during the period. Hedge funds and other institutional investors own 94.81% of the company’s stock.

Insider Activity at Ryerson

In related news, EVP Mark S. Silver sold 9,000 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 107,664 shares in the company, valued at $2,644,227.84. This trade represents a 7.71 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 3.88% of the stock is owned by insiders.

Ryerson Cuts Dividend

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

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.