Ryerson (NYSE:RYZ) Hits New 12-Month High Following Better-Than-Expected Earnings

Ryerson Holding (NYSE:RYZ) shares hit a new 52-week high 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 changing hands. The stock had previously closed at $30.62.

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

Ryerson Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd will be given a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a yield of 2.8%. The ex-dividend date is Thursday, September 3rd. Ryerson’s dividend payout ratio is presently -50.68%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on RYZ. Wall Street Zen cut shares of Ryerson from a “buy” rating to a “hold” rating in a report on Saturday, July 18th. Zacks Research lowered Ryerson from a “hold” rating to a “strong sell” rating in a research note on Wednesday, June 24th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Ryerson in a report on Thursday, June 18th. One equities research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Sell”.

Insider Buying and Selling at Ryerson

In related news, EVP Mark S. Silver sold 11,174 shares of the 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 sale, the executive vice president directly owned 120,181 shares of the company’s stock, valued at approximately $3,354,251.71. This represents a 8.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Molly D. Kannan sold 3,000 shares of the firm’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 transaction, the chief accounting officer owned 25,636 shares of the company’s stock, valued at $728,575.12. This trade represents a 10.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 18,174 shares of company stock valued at $508,576 in the last ninety days. Corporate insiders own 6.58% of the company’s stock.

Ryerson Stock Down 7.0%

The firm’s fifty day moving average price is $27.78. The firm has a market capitalization of $1.39 billion, a P/E ratio of -21.59 and a beta of 1.67. The company has a current ratio of 2.21, a quick ratio of 1.03 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.