Ryerson (NYSE:RYI) Releases Earnings Results, Misses Estimates By $0.26 EPS

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

Ryerson Price Performance

RYI stock traded down $0.29 during midday trading on Friday, hitting $21.50. The company's stock had a trading volume of 257,971 shares, compared to its average volume of 313,922. The company has a quick ratio of 1.11, a current ratio of 2.22 and a debt-to-equity ratio of 0.62. Ryerson has a 12 month low of $17.57 and a 12 month high of $36.20. The company has a 50 day moving average of $20.16 and a two-hundred day moving average of $21.81. The firm has a market capitalization of $684.71 million, a price-to-earnings ratio of 35.25 and a beta of 1.56.

Ryerson Cuts Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $0.75 dividend on an annualized basis and a yield of 3.49%. 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.