Ryerson Holding (NYSE:RYZ) Shares to Pay Quarterly Dividend of $0.19

Ryerson Holding (NYSE:RYZ – Get Free Report) declared a quarterly dividend on Wednesday, October 28th. Investors of record on Thursday, December 3rd will be paid a dividend of $0.1875 per share on Thursday, December 17th. This represents a $0.75 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Thursday, December 3rd.

Ryerson Price Performance

NYSE:RYZ opened at $29.93 on Thursday. Ryerson has a 12-month low of $19.34 and a 12-month high of $32.00. The firm has a market capitalization of $1.55 billion, a price-to-earnings ratio of -24.14 and a beta of 1.59. The stock’s 50 day moving average price is $25.73 and its two-hundred day moving average price is $26.37. The company has a quick ratio of 1.04, a current ratio of 2.21 and a debt-to-equity ratio of 0.73.

Ryerson (NYSE:RYZ – Get Free Report) last issued its quarterly earnings data on Wednesday, October 28th. The company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.22. Ryerson had a negative net margin of 0.56% and a negative return on equity of 0.62%. The firm had revenue of $2.18 billion during the quarter. On average, analysts anticipate that Ryerson will post 1.10 earnings per share for the current year.

Analysts Set New Price Targets

RYZ has been the topic of several research reports. Weiss Ratings restated a “sell (d+)” rating on shares of Ryerson in a report on Monday, September 14th. Zacks Research raised Ryerson from a “hold” rating to a “strong-buy” rating in a research report on Monday. Finally, Wall Street Zen upgraded Ryerson from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Ryerson currently has an average rating of “Hold”.

Read Our Latest Stock Report on Ryerson

About Ryerson

(Get Free Report)

Ryerson Holding Corporation is a value-added processor and distributor of industrial metals. The company supplies carbon steel, stainless steel, aluminum, nickel, and copper products to manufacturers and other industrial customers, offering materials in forms such as sheets, plates, coils, bars, tubes, and structural products.

In addition to distributing metals, Ryerson provides processing and fabrication services designed to prepare materials for customer specifications. These services include cutting, slitting, sawing, forming, machining, and other methods that help customers manage their material requirements and supply chains.

Founded in Chicago in 1842 by Joseph T.

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