Ryerson (NYSE:RYZ – Get Free Report) updated its fourth quarter 2026 earnings guidance on Friday. The company provided earnings per share guidance of 0.300-0.380 for the period, compared to the consensus EPS estimate of 0.090. The company issued revenue guidance of $2.0 billion, compared to the consensus revenue estimate of $1.8 billion.
Analysts Set New Price Targets
A number of research analysts recently issued reports on the stock. Weiss Ratings raised shares of Ryerson from a “sell (d+)” rating to a “hold (c)” rating in a research note on Friday. Wall Street Zen raised shares of Ryerson from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Finally, Zacks Research raised Ryerson from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 26th. One research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.
Check Out Our Latest Analysis on Ryerson
Ryerson Trading Up 0.3%
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 analysts’ consensus estimates of $0.39 by $0.22. The company had revenue of $2.18 billion during the quarter. Ryerson had a return on equity of 3.48% and a net margin of 0.21%. As a group, analysts expect that Ryerson will post 1.35 EPS for the current fiscal year.
Ryerson Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 17th. Stockholders of record on Thursday, December 3rd will be paid a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Thursday, December 3rd. Ryerson’s dividend payout ratio is currently -441.18%.
Ryerson Company Profile
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.
Further Reading
- Five stocks we like better than Ryerson
- Starbucks Says Its Turnaround Is DoneāThe Numbers Make a Strong Case (With 1 Catch)
- 3 Robotics ETFs, 3 Different Ways to Bet on Humanoid Robots
- Can Microsoft Turn a Leaner Workforce and Record AI Spending Into Bigger Profits?
- Why JFrog Could Be the Software Infrastructure Company to Beat in the AI Boom
Receive News & Ratings for Ryerson Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ryerson and related companies with MarketBeat.com's FREE daily email newsletter.
