Ryerson (NYSE:RYI) Posts Earnings Results, Misses Expectations By $0.26 EPS

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

Ryerson Trading Down 2.2 %

RYI stock traded down $0.47 during midday trading on Friday, hitting $21.32. 121,825 shares of the company’s stock were exchanged, 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 business has a 50-day simple moving average of $20.13 and a two-hundred day simple moving average of $21.89. The stock has a market capitalization of $678.98 million, a PE ratio of 34.87 and a beta of 1.56. The company has a current ratio of 2.22, a quick ratio of 1.11 and a debt-to-equity ratio of 0.62.

Ryerson Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be issued a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a yield of 3.52%. The ex-dividend date is Thursday, December 5th. Ryerson’s dividend payout ratio is presently 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.