Ryerson (NYSE:RYI – Get Free Report) updated its second quarter 2024 earnings guidance on Tuesday. The company provided EPS guidance of 0.150-0.250 for the period, compared to the consensus EPS estimate of 0.570. The company issued revenue guidance of $1.3 billion-$1.3 billion, compared to the consensus revenue estimate of $1.2 billion.
Ryerson Trading Down 7.1 %
NYSE RYI traded down $2.17 on Tuesday, reaching $28.56. The company had a trading volume of 312,176 shares, compared to its average volume of 214,079. The firm has a market cap of $971.61 million, a price-to-earnings ratio of 7.02 and a beta of 1.65. Ryerson has a fifty-two week low of $26.15 and a fifty-two week high of $44.70. The business has a 50 day moving average of $32.12 and a two-hundred day moving average of $31.72. 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 (NYSE:RYI – Get Free Report) last posted its quarterly earnings data on Wednesday, February 21st. The basic materials company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.49. Ryerson had a return on equity of 16.33% and a net margin of 2.85%. The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same period in the prior year, the business posted ($0.65) earnings per share.
Ryerson Increases Dividend
Insiders Place Their Bets
In other Ryerson news, insider Alagu Sundarrajan sold 7,407 shares of the stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $32.77, for a total transaction of $242,727.39. Following the completion of the sale, the insider now directly owns 13,077 shares in the company, valued at approximately $428,533.29. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company 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.
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