Ryerson (NYSE:RYZ) Reaches New 1-Year High Following Earnings Beat

Ryerson Holding (NYSE:RYZ)’s share price reached a new 52-week high during trading on Wednesday after the company announced better than expected quarterly earnings. The company traded as high as $32.00 and last traded at $31.1150, with a volume of 353828 shares. The stock had previously closed at $30.62.

The company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.12. Ryerson had a negative return on equity of 0.67% and a negative net margin of 0.56%.The business had revenue of $2.01 billion during the quarter. Ryerson has set its Q3 2026 guidance at 0.370-0.400 EPS.

Ryerson Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd will be paid a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Thursday, September 3rd. Ryerson’s dividend payout ratio (DPR) is presently -50.68%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on RYZ. Zacks Research lowered shares of Ryerson from a “hold” rating to a “strong sell” rating in a report on Wednesday, June 24th. Wall Street Zen lowered shares of Ryerson from a “buy” rating to a “hold” rating in a report on Saturday, July 18th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Ryerson in a research note on Thursday, June 18th. One investment analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Ryerson presently has a consensus rating of “Sell”.

Insider Buying and Selling

In related news, CAO Molly D. Kannan sold 3,000 shares of Ryerson stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $28.42, for a total value of $85,260.00. Following the sale, the chief accounting officer owned 25,636 shares of the company’s stock, valued at approximately $728,575.12. The trade was a 10.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Mark S. Silver sold 11,174 shares of the business’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $27.91, for a total value of $311,866.34. Following the completion of the sale, the executive vice president owned 120,181 shares in the company, valued at approximately $3,354,251.71. The trade was a 8.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 18,174 shares of company stock worth $508,576 in the last 90 days. Company insiders own 6.58% of the company’s stock.

Ryerson Stock Down 7.0%

The firm’s 50-day moving average is $27.78. The stock has a market cap of $1.39 billion, a P/E ratio of -21.59 and a beta of 1.67. The company has a quick ratio of 1.03, a current ratio of 2.21 and a debt-to-equity ratio of 0.70.

Ryerson Company Profile

Ryerson (NYSE: RYZ) is a U.S.-based metals distributor and processor that supplies a broad range of metal products and value-added services to industrial customers. Its product mix typically includes carbon steel, stainless steel, aluminum and specialty alloys in forms such as sheets, plate, bar, tubing and structural shapes. The company focuses on meeting the material needs of manufacturers, fabricators and other industrial end markets.

Beyond distribution, Ryerson offers processing and finishing services designed to prepare metal for downstream manufacturing.