Ryerson Holding Co. (NYSE:RYI - Get Free Report) declared a quarterly dividend on Thursday, February 20th, RTT News reports. Stockholders of record on Thursday, March 6th will be paid a dividend of 0.1875 per share by the basic materials company on Thursday, March 20th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date is Thursday, March 6th.
Ryerson has increased its dividend by an average of 65.7% per year over the last three years. Ryerson has a dividend payout ratio of 55.6% indicating that its dividend is sufficiently covered by earnings.
Ryerson Stock Performance
Shares of RYI stock traded up $1.29 during trading hours on Friday, reaching $24.24. 395,945 shares of the company's stock were exchanged, compared to its average volume of 252,670. The company's 50 day moving average is $20.68 and its two-hundred day moving average is $21.13. The company has a market cap of $772.04 million, a P/E ratio of -93.23 and a beta of 1.59. 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 has a 1 year low of $17.18 and a 1 year high of $34.92.
Ryerson (NYSE:RYI - Get Free Report) last announced its earnings results on Thursday, February 20th. The basic materials company reported ($0.14) EPS for the quarter, beating analysts' consensus estimates of ($0.48) by $0.34. The firm had revenue of $1.01 billion for the quarter, compared to analysts' expectations of $1 billion. Ryerson had a negative return on equity of 0.70% and a negative net margin of 0.19%. Equities research analysts anticipate that Ryerson will post 1.2 EPS for the current fiscal year.
Ryerson Company Profile
(
Get Free Report)
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.
Featured Articles
Before you consider Ryerson, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ryerson wasn't on the list.
While Ryerson currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
