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 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" RYI shares.
View RYI analyst ratings or view top-rated stocks.

1 equities research analysts 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 expect the company's stock price to reach $45.00 in the next twelve months. This suggests a possible upside of 26.8% 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 on January 1st, 2023. Since then, RYI shares have increased by 17.3% and is now trading at $35.50.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
View our RYI earnings forecast.

Ryerson Holding Co. (NYSE:RYI) released its quarterly earnings results on Monday, May, 1st. The basic materials company reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.25. The basic materials company had revenue of $1.41 billion for the quarter. Ryerson had a net margin of 4.59% and a trailing twelve-month return on equity of 32.23%.

Ryerson declared a quarterly dividend on Monday, May 1st. Shareholders of record on Thursday, June 1st will be given a dividend of $0.18 per share on Thursday, June 15th. This represents a $0.72 annualized dividend and a yield of 2.03%. The ex-dividend date of this dividend is Wednesday, May 31st. This is a boost from the stock's previous quarterly dividend of $0.17.
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), VanEck Steel ETF (SLX), Invesco DWA Basic Materials Momentum ETF (PYZ), Roundhill Acquirers Deep Value ETF (DEEP), Hartford Multifactor Small Cap ETF (ROSC), SPDR S&P Metals & Mining ETF (XME) and First Trust Active Factor Small Cap ETF (AFSM).

Ryerson (NYSE:RYI) pays an annual dividend of $0.72 per share and currently has a dividend yield of 2.12%. 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 10.03%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for RYI.

Ryerson issued an update on its second quarter 2023 earnings guidance on Monday, May, 1st. The company provided EPS guidance of $1.28-$1.36 for the period, compared to the consensus EPS estimate of $1.38. The company issued revenue guidance of $1.40 billion-$1.44 billion, compared to the consensus revenue estimate of $1.09 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 institutional and retail investors. Top institutional shareholders include Dimensional Fund Advisors LP (5.43%), BlackRock Inc. (5.16%), State Street Corp (2.49%), Wasatch Advisors LP (2.21%), Acadian Asset Management LLC (2.06%) and Franklin Resources Inc. (1.59%). Insiders that own company stock include Edward J Lehner, Kevin D Richardson, Molly D Kannan, Platinum Equity, Llc 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 $35.50.

Ryerson (NYSE:RYI) has a market capitalization of $1.27 billion and generates $6.32 billion in revenue each year. The basic materials company earns $391 million in net income (profit) each year or $7.18 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.