What is KeyCorp’s Estimate for Ryerson FY2024 Earnings?

Ryerson Holding Co. (NYSE:RYI) – Analysts at KeyCorp issued their FY2024 earnings per share estimates for Ryerson in a research report issued on Tuesday, January 21st. KeyCorp analyst P. Gibbs expects that the basic materials company will earn ($0.45) per share for the year.

Ryerson Stock Performance

Shares of RYI stock opened at $20.49 on Friday. Ryerson has a 52 week low of $17.18 and a 52 week high of $36.15. The firm has a 50 day moving average of $21.66 and a two-hundred day moving average of $21.15. The company has a quick ratio of 1.06, a current ratio of 2.22 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $652.67 million, a PE ratio of 33.59 and a beta of 1.59.

Ryerson (NYSE:RYI) last issued its quarterly earnings results on Tuesday, October 29th. The basic materials company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.26). 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 business earned $1.00 EPS.

Institutional Trading of Ryerson

Several hedge funds have recently added to or reduced their stakes in RYI. Hantz Financial Services Inc. raised its holdings in shares of Ryerson by 9.4% in the 4th quarter. Hantz Financial Services Inc. now owns 30,067 shares of the basic materials company’s stock valued at $557,000 after purchasing an additional 2,590 shares in the last quarter. Mutual Advisors LLC increased its holdings in Ryerson by 5.0% in the fourth quarter. Mutual Advisors LLC now owns 44,865 shares of the basic materials company’s stock valued at $830,000 after buying an additional 2,140 shares during the last quarter. Barclays PLC raised its stake in Ryerson by 167.0% in the third quarter. Barclays PLC now owns 55,330 shares of the basic materials company’s stock valued at $1,101,000 after buying an additional 34,604 shares in the last quarter. Public Employees Retirement System of Ohio lifted its holdings in Ryerson by 41.5% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 43,517 shares of the basic materials company’s stock worth $866,000 after buying an additional 12,768 shares during the last quarter. Finally, State Street Corp increased its holdings in shares of Ryerson by 3.2% in the 3rd quarter. State Street Corp now owns 1,411,397 shares of the basic materials company’s stock valued at $28,101,000 after acquiring an additional 43,780 shares during the last quarter. Institutional investors and hedge funds own 94.81% of the company’s stock.

Insider Buying and Selling

In other news, EVP Mark S. Silver sold 9,000 shares of the business’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 of the company’s stock, valued at approximately $2,644,227.84. The trade was a 7.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.88% of the stock is currently owned by insiders.

Ryerson Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were paid a dividend of $0.1875 per share. The ex-dividend date was Thursday, December 5th. This represents a $0.75 annualized dividend and a yield of 3.66%. 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.