Ryerson (NYSE:RYI) Shares Gap Down Following Weak Earnings
Ryerson Holding Corporation (NYSE:RYI) shares gapped down to $20.84 after disappointing earnings, missing estimates by $0.49 with a reported EPS of ($0.46). The company announced a quarterly dividend of $0.1875, with a yield of 3.7%. Analysts maintain a consensus rating of "Reduce" with a price target of $25.00. Ryerson's stock has dropped 14.7%, and 94.81% of shares are held by institutional investors. The company has a market cap of $647.38 million and a negative return on equity of 1.72%.
Shares of Ryerson Holding Corporation (NYSE:RYI - Get Free Report) gapped down prior to trading on Wednesday following a dissappointing earnings announcement. The stock had previously closed at $23.58, but opened at $20.84. Ryerson shares last traded at $20.1250, with a volume of 187,787 shares.
The basic materials company reported ($0.46) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.49). Ryerson had a negative net margin of 0.33% and a negative return on equity of 1.72%. The business had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.16 billion. Ryerson has set its Q4 2025 guidance at -0.280--0.220 EPS.
Ryerson Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th will be given a $0.1875 dividend. This represents a $0.75 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend is Thursday, December 4th. Ryerson's dividend payout ratio is currently -166.67%.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Ryerson in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Reduce" and an average price target of $25.00.
Get Our Latest Research Report on Ryerson
Insider Buying and Selling
In other Ryerson news, CAO Molly D. Kannan sold 2,528 shares of the stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $22.24, for a total transaction of $56,222.72. Following the completion of the transaction, the chief accounting officer directly owned 23,516 shares in the company, valued at $522,995.84. This represents a 9.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.95% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of RYI. Janney Montgomery Scott LLC raised its stake in Ryerson by 10.4% during the first quarter. Janney Montgomery Scott LLC now owns 15,927 shares of the basic materials company's stock worth $366,000 after acquiring an additional 1,495 shares in the last quarter. Teacher Retirement System of Texas raised its stake in Ryerson by 35.3% during the first quarter. Teacher Retirement System of Texas now owns 24,021 shares of the basic materials company's stock worth $552,000 after acquiring an additional 6,273 shares in the last quarter. Allianz Asset Management GmbH raised its stake in Ryerson by 23.7% during the first quarter. Allianz Asset Management GmbH now owns 203,298 shares of the basic materials company's stock worth $4,668,000 after acquiring an additional 38,911 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Ryerson during the first quarter worth $586,000. Finally, Readystate Asset Management LP acquired a new position in Ryerson during the first quarter worth $403,000. 94.81% of the stock is currently owned by institutional investors and hedge funds.
Ryerson Stock Down 14.7%
The company has a debt-to-equity ratio of 0.62, a current ratio of 2.03 and a quick ratio of 1.00. The firm has a 50 day simple moving average of $22.88 and a 200-day simple moving average of $22.20. The stock has a market capitalization of $647.38 million, a price-to-earnings ratio of -44.60 and a beta of 1.66.
About Ryerson
(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.
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