Ryerson (RYI) Stock Forecast, Price & News

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Ryerson in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" RYI shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in RYI, but not buy additional shares or sell existing shares.
View RYI analyst ratings or view top-rated stocks.

1 Wall Street analysts have issued twelve-month target prices for Ryerson's stock. Their RYI share price forecasts range from $40.00 to $40.00. On average, they predict the company's stock price to reach $40.00 in the next year. This suggests a possible upside of 39.2% from the stock's current price.
View analysts price targets for RYI or view top-rated stocks among Wall Street analysts.

Ryerson's stock was trading at $30.26 at the beginning of 2023. Since then, RYI stock has decreased by 5.1% and is now trading at $28.73.
View the best growth stocks for 2023 here.

Ryerson saw a increase in short interest during the month of August. As of August 31st, there was short interest totaling 813,800 shares, an increase of 79.3% from the August 15th total of 453,900 shares. Based on an average daily trading volume, of 427,200 shares, the short-interest ratio is presently 1.9 days. Currently, 2.8% of the company's shares are short sold.
View Ryerson's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
View our RYI earnings forecast.

Ryerson Holding Co. (NYSE:RYI) announced its earnings results on Monday, July, 31st. The basic materials company reported $1.06 EPS for the quarter, missing the consensus estimate of $1.33 by $0.27. The basic materials company had revenue of $1.34 billion for the quarter. Ryerson had a net margin of 2.08% and a trailing twelve-month return on equity of 13.20%.

Ryerson announced a quarterly dividend on Monday, July 31st. Shareholders of record on Thursday, August 31st will be given a dividend of $0.1825 per share on Thursday, September 14th. This represents a $0.73 dividend on an annualized basis and a yield of 2.54%. The ex-dividend date of this dividend is Wednesday, August 30th. This is a boost from the stock's previous quarterly dividend of $0.18.
Read our dividend analysis for RYI.

ETFs with the largest weight of Ryerson (NYSE:RYI) stock in their portfolio include Cambria Value and Momentum ETF (VAMO), Cambria Shareholder Yield ETF (SYLD), Invesco Dorsey Wright Basic Materials Momentum ETF (PYZ), VanEck Steel ETF (SLX), SPDR S&P Metals & Mining ETF (XME), Hartford Multifactor Small Cap ETF (ROSC), Invesco DWA SmallCap Momentum ETF (DWAS) and EA Bridgeway Omni Small-Cap Value ETF (BSVO).

Ryerson (NYSE:RYI) pays an annual dividend of $0.73 per share and currently has a dividend yield of 2.51%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 23.25%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RYI will have a dividend payout ratio of 26.07% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for RYI.

Ryerson issued an update on its third quarter 2023 earnings guidance on Monday, July, 31st. The company provided earnings per share guidance of $0.31-$0.43 for the period, compared to the consensus estimate of $0.87. The company issued revenue guidance of $1.25 billion-$1.30 billion, compared to the consensus revenue estimate of $1.25 billion.

71 employees have rated Ryerson Chief Executive Officer Edward Lehner on Glassdoor.com. Edward Lehner has an approval rating of 90% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Ryerson investors own include Reliance Steel & Aluminum (RS), Verizon Communications (VZ), Walgreens Boots Alliance (WBA), Gilead Sciences (GILD), Intel (INTC), AT&T (T), Freeport-McMoRan (FCX), FireEye (FEYE), OPKO Health (OPK) and QUALCOMM (QCOM).

Ryerson trades on the New York Stock Exchange (NYSE) under the ticker symbol "RYI."

Ryerson's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Dimensional Fund Advisors LP (6.21%), BlackRock Inc. (5.96%), State Street Corp (3.26%), Acadian Asset Management LLC (2.51%), Franklin Resources Inc. (2.32%) and Nuveen Asset Management LLC (2.14%). Insiders that own company stock include Edward J Lehner, Kevin D Richardson, Molly D Kannan, Platinum Equity, Llc and Stephen P Larson.
View institutional ownership trends.

Shares of RYI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of RYI stock can currently be purchased for approximately $28.73.

Ryerson (NYSE:RYI) has a market capitalization of $988.02 million and generates $6.32 billion in revenue each year. The basic materials company earns $391 million in net income (profit) each year or $3.14 on an earnings per share basis.

The company employs 4,200 workers across the globe.

Ryerson's mailing address is 227 W. MONROE ST. 27TH FLOOR, CHICAGO IL, 60606. The official website for the company is www.ryerson.com. The basic materials company can be reached via phone at (312) 292-5000 or via email at ir@seaspine.com.