Ryerson (NYSE:RYZ) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Ryerson (NYSE:RYZ) from a hold rating to a buy rating in a report released on Saturday.

A number of other brokerages also recently issued reports on RYZ. Weiss Ratings reiterated a “sell (d+)” rating on shares of Ryerson in a research report on Thursday, June 18th. Zacks Research cut Ryerson from a “hold” rating to a “strong sell” rating in a research report on Wednesday, June 24th. One research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Ryerson has an average rating of “Sell”.

Ryerson Trading Up 3.3%

Ryerson stock opened at $27.69 on Friday. Ryerson has a 1-year low of $19.34 and a 1-year high of $32.00. The company has a quick ratio of 1.03, a current ratio of 2.21 and a debt-to-equity ratio of 0.73. The company has a market cap of $1.44 billion, a price-to-earnings ratio of -22.33 and a beta of 1.67. The business’s 50 day moving average price is $27.80.

Ryerson (NYSE:RYZ) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.40 by $0.12. The firm had revenue of $2.01 billion during the quarter. Ryerson had a negative net margin of 0.56% and a negative return on equity of 0.62%. Ryerson has set its Q3 2026 guidance at 0.370-0.400 EPS. Research analysts forecast that Ryerson will post 1.1 earnings per share for the current year.

Ryerson Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Thursday, September 3rd will be issued a dividend of $0.1875 per share. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $0.75 annualized dividend and a dividend yield of 2.7%. Ryerson’s dividend payout ratio (DPR) is currently -60.48%.

Insiders Place Their Bets

In other Ryerson news, CAO Molly D. Kannan sold 3,000 shares of the company’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $28.42, for a total transaction of $85,260.00. Following the completion of the sale, the chief accounting officer directly owned 25,636 shares in the company, valued at $728,575.12. This represents a 10.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Mark S. Silver sold 11,174 shares of the firm’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $27.91, for a total value of $311,866.34. Following the transaction, the executive vice president directly owned 120,181 shares in the company, valued at $3,354,251.71. This trade represents a 8.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 18,174 shares of company stock worth $508,576. 6.58% of the stock is owned by corporate insiders.

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.