Ryerson (NYSE:RYI – Get Free Report) is scheduled to be issuing its quarterly earnings data after the market closes on Tuesday, April 30th. Ryerson has set its Q1 2024 guidance at 0.240-0.340 EPS.Investors that wish to listen to the company’s conference call can do so using this link.
Ryerson (NYSE:RYI – Get Free Report) last released its quarterly earnings data on Wednesday, February 21st. The basic materials company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.49. Ryerson had a net margin of 2.85% and a return on equity of 16.33%. The firm had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.12 billion. During the same period last year, the business earned ($0.65) earnings per share.
Ryerson Price Performance
Ryerson stock opened at $30.66 on Monday. Ryerson has a 12-month low of $26.15 and a 12-month high of $44.70. The stock has a market cap of $1.04 billion, a P/E ratio of 7.53 and a beta of 1.65. The company has a 50-day moving average price of $32.33 and a 200 day moving average price of $31.70. The company has a current ratio of 2.18, a quick ratio of 0.95 and a debt-to-equity ratio of 0.47.
Ryerson Increases Dividend
Insiders Place Their Bets
In other Ryerson news, insider Alagu Sundarrajan sold 2,593 shares of the stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $32.52, for a total transaction of $84,324.36. Following the completion of the transaction, the insider now owns 10,484 shares of the company’s stock, valued at $340,939.68. The sale was disclosed in a legal filing with the SEC, which is available at this link. 3.88% of the stock is currently owned by insiders.
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.
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