Ryerson (RYI) Scheduled to Post Earnings on Tuesday

Ryerson (NYSE:RYI) will post its quarterly earnings results after the market closes on Tuesday, April 30th. Ryerson has set its Q1 2024 guidance at 0.240-0.340 EPS.Persons interested in listening to the company’s earnings conference call can do so using this link.

Ryerson (NYSE:RYI) last released its earnings results on Wednesday, February 21st. The basic materials company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.49. The company had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.12 billion. Ryerson had a net margin of 2.85% and a return on equity of 16.33%. During the same quarter last year, the business earned ($0.65) EPS.

Ryerson Stock Performance

RYI opened at $32.14 on Tuesday. The firm has a market cap of $1.09 billion, a P/E ratio of 7.90 and a beta of 1.65. Ryerson has a 1-year low of $26.15 and a 1-year high of $44.70. The company has a 50 day simple moving average of $32.56 and a two-hundred day simple moving average of $31.64. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.18 and a quick ratio of 0.95.

Ryerson Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, March 7th were paid a $0.188 dividend. This represents a $0.75 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date of this dividend was Wednesday, March 6th. This is a positive change from Ryerson’s previous quarterly dividend of $0.18. Ryerson’s dividend payout ratio is presently 18.43%.

Insider Transactions at Ryerson

In other news, insider Alagu Sundarrajan sold 7,407 shares of the business’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $32.77, for a total value of $242,727.39. Following the transaction, the insider now owns 13,077 shares of the company’s stock, valued at $428,533.29. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 3.88% 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.