Ryerson - RYI Stock Forecast, Price & News

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ryerson in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" RYI shares.
View RYI analyst ratings or view top-rated stocks.

1 brokerages have issued 12 month price objectives for Ryerson's shares. Their RYI share price forecasts range from $45.00 to $45.00. On average, they predict the company's share price to reach $45.00 in the next year. This suggests a possible upside of 29.0% 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 start of the year. Since then, RYI shares have increased by 15.3% and is now trading at $34.89.
View the best growth stocks for 2023 here.

Ryerson saw a decline in short interest in the month of February. As of February 15th, there was short interest totaling 443,400 shares, a decline of 20.1% from the January 31st total of 554,900 shares. Based on an average trading volume of 246,700 shares, the days-to-cover ratio is presently 1.8 days. Approximately 2.2% 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, May 3rd 2023.
View our RYI earnings forecast.

Ryerson Holding Co. (NYSE:RYI) announced its earnings results on Wednesday, February, 22nd. The basic materials company reported ($0.65) earnings per share for the quarter, missing the consensus estimate of $0.70 by $1.35. The basic materials company had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.21 billion. Ryerson had a trailing twelve-month return on equity of 48.31% and a net margin of 6.18%.

Ryerson announced a quarterly dividend on Wednesday, February 22nd. Shareholders of record on Monday, March 6th will be given a dividend of $0.17 per share on Thursday, March 16th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date is Friday, March 3rd. This is a boost from the stock's previous quarterly dividend of $0.16.
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 DWA Basic Materials Momentum ETF (PYZ), Roundhill Acquirers Deep Value ETF (DEEP), VanEck Steel ETF (SLX), SPDR S&P Metals & Mining ETF (XME), iShares U.S. Infrastructure ETF (IFRA) and Hartford Multifactor Small Cap ETF (ROSC).

Ryerson (NYSE:RYI) pays an annual dividend of $0.68 per share and currently has a dividend yield of 2.01%. 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 6.75%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for RYI.

Ryerson issued an update on its first quarter 2023 earnings guidance on Wednesday, February, 22nd. The company provided EPS guidance of $0.98-$1.06 for the period, compared to the consensus EPS estimate of $0.55. The company issued revenue guidance of $1.37 billion-$1.43 billion, compared to the consensus revenue estimate of $1.04 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 variety of retail and institutional investors. Top institutional investors include Dimensional Fund Advisors LP (4.63%), Mirae Asset Global Investments Co. Ltd. (1.42%), Geode Capital Management LLC (1.01%), Morgan Stanley (0.90%), AQR Capital Management LLC (0.81%) and American Century Companies Inc. (0.65%). Insiders that own company stock include Edward J Lehner, Kevin D Richardson, Molly D Kannan and Stephen P Larson.
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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 $34.89.

Ryerson (NYSE:RYI) has a market capitalization of $1.24 billion and generates $6.32 billion in revenue each year. The basic materials company earns $391 million in net income (profit) each year or $10.08 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.