What is KeyCorp's Forecast for Ryerson FY2025 Earnings?

Ryerson Holding Co. (NYSE:RYI - Free Report) - Equities researchers at KeyCorp issued their FY2025 earnings estimates for shares of Ryerson in a research report issued on Tuesday, January 21st. KeyCorp analyst P. Gibbs expects that the basic materials company will earn $1.20 per share for the year.

Ryerson (NYSE:RYI - Get Free Report) last released 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). Ryerson had a return on equity of 2.66% and a net margin of 0.46%. The company had revenue of $1.13 billion for the quarter. During the same quarter in the previous year, the business earned $1.00 earnings per share.

Ryerson Stock Up 1.7 %

Shares of NYSE RYI traded up $0.34 during trading on Thursday, reaching $20.49. 150,928 shares of the stock were exchanged, compared to its average volume of 222,209. The business's 50-day moving average price is $21.66 and its 200 day moving average price is $21.15. The company has a market capitalization of $652.67 million, a price-to-earnings ratio of 33.59 and a beta of 1.59. Ryerson has a twelve month low of $17.18 and a twelve month high of $36.15. The company has a quick ratio of 1.06, a current ratio of 2.22 and a debt-to-equity ratio of 0.62.

Ryerson Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were given a $0.1875 dividend. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $0.75 dividend on an annualized basis and a yield of 3.66%. Ryerson's payout ratio is currently 122.95%.

Insider Activity

In other news, EVP Mark S. Silver sold 9,000 shares of the stock in a transaction that occurred on 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 approximately $2,644,227.84. This represents a 7.71 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 3.88% of the company's stock.

Institutional Investors Weigh In On Ryerson

Hedge funds and other institutional investors have recently modified their holdings of the stock. Newbridge Financial Services Group Inc. acquired a new position in Ryerson in the second quarter worth $39,000. Copeland Capital Management LLC acquired a new position in shares of Ryerson in the 3rd quarter valued at about $56,000. SG Americas Securities LLC acquired a new stake in Ryerson during the third quarter worth about $108,000. Point72 DIFC Ltd lifted its holdings in Ryerson by 16.7% in the second quarter. Point72 DIFC Ltd now owns 5,835 shares of the basic materials company's stock worth $114,000 after acquiring an additional 837 shares during the last quarter. Finally, FMR LLC boosted its stake in Ryerson by 159.7% in the third quarter. FMR LLC now owns 7,649 shares of the basic materials company's stock valued at $152,000 after acquiring an additional 4,704 shares during the period. Institutional investors own 94.81% of the company's stock.

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.