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Ryerson Holding Co. (NYSE:RYI - Get Rating) - Equities research analysts at KeyCorp issued their Q3 2022 earnings estimates for shares of Ryerson in a research note issued on Monday, August 8th. KeyCorp analyst P. Gibbs expects that the basic materials company will earn $2.50 per share for the quarter. The consensus estimate for Ryerson's current full-year earnings is $11.40 per share. KeyCorp also issued estimates for Ryerson's FY2022 earnings at $12.60 EPS.
Separately, StockNews.com cut shares of Ryerson from a "strong-buy" rating to a "buy" rating in a research note on Thursday, August 4th.Ryerson Price Performance
Shares of NYSE RYI opened at $27.89 on Thursday. Ryerson has a 52 week low of $17.90 and a 52 week high of $44.09. The stock has a market cap of $1.03 billion, a price-to-earnings ratio of 2.10 and a beta of 1.76. The company's 50-day moving average price is $24.86 and its 200 day moving average price is $28.67. The company has a current ratio of 2.15, a quick ratio of 1.00 and a debt-to-equity ratio of 0.60.
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st will be paid a dividend of $0.15 per share. This is a boost from Ryerson's previous quarterly dividend of $0.13. This represents a $0.60 annualized dividend and a dividend yield of 2.15%. The ex-dividend date of this dividend is Wednesday, August 31st. Ryerson's dividend payout ratio (DPR) is currently 3.77%. Institutional Investors Weigh In On Ryerson
Several hedge funds have recently modified their holdings of the company. Bank of Montreal Can lifted its holdings in shares of Ryerson by 0.7% during the 1st quarter. Bank of Montreal Can now owns 72,723 shares of the basic materials company's stock worth $2,658,000 after acquiring an additional 501 shares during the period. Navellier & Associates Inc. boosted its holdings in Ryerson by 2.6% in the first quarter. Navellier & Associates Inc. now owns 25,194 shares of the basic materials company's stock worth $882,000 after purchasing an additional 628 shares during the period. US Bancorp DE boosted its holdings in shares of Ryerson by 19.3% during the second quarter. US Bancorp DE now owns 4,343 shares of the basic materials company's stock valued at $92,000 after acquiring an additional 703 shares during the period. Fuller & Thaler Asset Management Inc. raised its stake in shares of Ryerson by 0.5% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 158,250 shares of the basic materials company's stock valued at $4,122,000 after purchasing an additional 750 shares in the last quarter. Finally, Advisor Group Holdings Inc. raised its position in Ryerson by 4.1% in the fourth quarter. Advisor Group Holdings Inc. now owns 21,595 shares of the basic materials company's stock worth $562,000 after acquiring an additional 860 shares in the last quarter. 91.23% of the stock is owned by institutional investors and hedge funds. Ryerson Company Profile (Get Rating)
Ryerson Holding Corporation, together with its subsidiaries, processes and distributes industrial metals in the United States, Canada, Mexico, and China. It offers a line of products in carbon steel, stainless steel, alloy steels, and aluminum, as well as nickel and red metals in various shapes and forms, including coils, sheets, rounds, hexagons, square and flat bars, plates, structural, and tubing.See AlsoGet a free copy of the StockNews.com research report on Ryerson (RYI)3 Stable Growth Stocks for Bumpy TimesLarge And Small Oil-And-Gas Stocks See Post-Earnings BounceThe 2 Dow Stocks with Decade-Long Win Streaks on the LineCould Rite Aid Be an Acquisition Target, Again? The How And Why of Investing in Oil Stocks
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