最新ニュース Ryerson Holding (NYSE:RYI) 株価情報

Ryerson Holding

Ryerson Holding Corp provides a metals service center, and value-added processor and is a distributor of industrial metals with operations in the United States, Canada, and Mexico. In addition to its North American operations, it conducts processing and distribution operations in China. Its customers range from local, independently owned fabricators and machine shops to large, international original equipment manufacturers. It carries a full line of products in stainless steel, aluminum, carbon steel, and alloy steels and a limited line of nickel and red metals in various shapes and forms. The company generates substantially all of its revenue from sales of metal products. Geographically, the majority is from the United States.

Ryerson Holding Corp

Mark Silver, EVP at Ryerson Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RYI#NYSE">RYI</a>), reported an insider sell on November 18, according to a new SEC filing. 
What Happened: A Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0001481582/000162795924000001//Archives/edgar/data/1481582/000162795924000001/0001627959-24-000001-index.htm">U.S. Securities and Exchange Commission</a> on Monday outlined that Silver executed a sale of 9,000 shares of Ryerson Holding with a total value of $221,040.
Tracking the Tuesday's morning session, Ryerson Holding shares are trading at $24.78, showing a down of 0.0%.
<h3>About Ryerson Holding</h3>
Ryerson Holding Corp provides a metals service center, and value-added processor and is a distributor of industrial metals with operations in the United States, Canada, and Mexico. In addition to its North American operations, it conducts processing and distribution operations in China. Its customers range from local, independently owned fabricators and machine shops to large, international original equipment manufacturers. It carries a full line of products in stainless steel, aluminum, carbon steel, and alloy steels and a limited line of nickel and red metals in various shapes and forms. The company generates substantially all of its revenue from sales of metal products. Geographically, the majority is from the United States.
<h3>Ryerson Holding: Financial Performance Dissected</h3>
Revenue Growth: Ryerson Holding's revenue growth over a period of 3 months has faced challenges. As of 30 September, 2024, the company experienced a revenue decline of approximately -9.63%. This indicates a decrease in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Materials sector.
Insights into Profitability:
<ul>
<li>
Gross Margin: The company excels with a remarkable gross margin of 17.93%, indicating superior cost efficiency and profitability compared to its industry peers.
</li>
<li>
Earnings per Share (EPS): With an EPS below industry norms, Ryerson Holding exhibits below-average bottom-line performance with a current EPS of -0.2.
</li>
</ul>
Debt Management: With a high debt-to-equity ratio of 1.07, Ryerson Holding faces challenges in effectively managing its debt levels, indicating potential financial strain.
Evaluating Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: A higher-than-average P/E ratio of 39.33 suggests caution, as the stock may be overvalued in the eyes of investors.
</li>
<li>
Price to Sales (P/S) Ratio: The current P/S ratio of 0.18 is below industry norms, suggesting potential undervaluation and presenting an investment opportunity for those considering sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): Ryerson Holding's EV/EBITDA ratio, surpassing industry averages at 11.1, positions it with an above-average valuation in the market.
</li>
</ul>
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
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<h3>Illuminating the Importance of Insider Transactions</h3>
In the complex landscape of investment decisions, investors should approach insider transactions as part of a comprehensive analysis, considering various elements.
When discussing legal matters, the term "insider" refers to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as stipulated in Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and significant hedge funds. Such insiders are required to report their transactions through a Form 4 filing, which must be completed within two business days of the transaction.
A new purchase by a company insider is a indication that they anticipate the stock will rise.
On the other hand, insider sells may not necessarily indicate a bearish view and can be motivated by various factors.
<h3>A Closer Look at Important Transaction Codes</h3>
Examining transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often concentrate on those unfolding in the open market, meticulously detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C indicates the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001481582">Check Out The Full List Of Ryerson Holding's Insider Trades.</a>
Insider Buying Alert: Profit from C-Suite Moves
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

News

Insider Trades

Trading Ideas

Insider Decision: Mark Silver Offloads $221K Worth Of Ryerson Holding Stock

Guidance

Ryerson Expects Q4 Customer Shipments To Seasonally And Counter-Cyclically Decrease 8% To 10% Q/Q, EPS Of $(0.53) - $(0.47)

Ryerson Anticipates Q4 Net Sales Of $1.00B - $1.04B (Est $1.053B), With Average Selling Prices Between Decreasing 1% To Increasing 1%

Ryerson Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RYI#NYSE">RYI</a>) reported quarterly losses of $(0.20) per share which missed the analyst consensus estimate of $0.06 by 433.33 percent. This is a 120 percent decrease over earnings of $1.00 per share from the same period last year.&nbsp;

Earnings

Earnings Beats

Earnings Misses

Ryerson Holding Q3 2024 Adj EPS $(0.20) Misses $0.06 Estimate

Ryerson Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RYI#NYSE">RYI</a>) reported quarterly sales of $1.126 billion which beat the analyst consensus estimate of $1.12 billion. This is a 9.70 percent decrease over sales of $1.25 billion the same period last year.

Ryerson Holding Q3 Sales $1.126B Beat $1.12B Estimate

Ryerson Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RYI#NYSE">RYI</a>) is gearing up to announce its quarterly earnings on Tuesday, 2024-10-29. Here's a quick overview of what investors should know before the release.
Analysts are estimating that Ryerson Holding will report an earnings per share (EPS) of $0.06.
The announcement from Ryerson Holding is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.
It's worth noting for new investors that guidance can be a key determinant of stock price movements.
<h3>Past Earnings Performance</h3>
Last quarter the company beat EPS by $0.12, which was followed by a 4.0% drop in the share price the next day.
Here's a look at Ryerson Holding's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.21</td>
<td>0.31</td>
<td>0.26</td>
<td>0.37</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.33</td>
<td>-0.18</td>
<td>0.73</td>
<td>1</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-4.0%</td>
<td>-13.0%</td>
<td>-8.0%</td>
<td>6.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1730131335_0.png" alt="eps graph" />
<h3>Performance of Ryerson Holding Shares</h3>
Shares of Ryerson Holding were trading at $21.65 as of October 25. Over the last 52-week period, shares are down 22.82%. Given that these returns are generally negative, long-term shareholders are likely upset going into this earnings release. 
<a href="https://www.benzinga.com/quote/RYI/earnings">To track all earnings releases for Ryerson Holding visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

What to Expect from Ryerson Holding's Earnings

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Shares of companies within the broader metals and mining sector are trading lower amid overall market weakness. Weakness may be due to August's ISM Manufacturing PMI data indicating an economic contraction and pending non-farm payrolls data that may determine the size of future rate cuts.

Outlook Commentary
For the third quarter of 2024, Ryerson expects customer shipments to decrease 2% to 4%, quarter-over-quarter. The Company anticipates third-quarter net sales to be in the range of $1.12 billion to $1.16 billion, with average selling prices decreasing 3% to 5%. LIFO income in the third quarter of 2024 is expected to be $12 million. We expect adjusted EBITDA, excluding LIFO in the range of $21 million to $25 million and earnings per diluted share in the range of $0.01 to $0.10.

Ryerson Sees Q3 Customer Shipments To Decrease 2%-4%, QoQ; Q3 EPS $0.01-$0.10 Vs $0.13 Est.; Revenue $1.12B-$1.16B Vs $1.23B Est.

Ryerson Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RYI#NYSE">RYI</a>) reported quarterly earnings of $0.33 per share which beat the analyst consensus estimate of $0.21 by 57.14 percent. This is a 68.87 percent decrease over earnings of $1.06 per share from the same period last year. The company reported quarterly sales of $1.23 billion which missed the analyst consensus estimate of $1.27 billion by 3.54 percent. This is a 8.79 percent decrease over sales of $1.34 billion the same period last year.

Ryerson Holding Q2 Adj $0.33 Beats $0.21 Estimate, Sales $1.23B Miss $1.27B Estimate

Shares of industrial metal stocks are trading higher following softer-than-expected June CPI figures.

A substantial insider move unfolded on May 6, as Lehner, President &amp; CEO at Ryerson Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RYI#NYSE">RYI</a>), reported the acquisition of stock options for 3,750 shares in an SEC filing.
What Happened: A Form 4 filing from the <a href="https://www.sec.gov/Archives/edgar/data/0001481582/000089914024000526//Archives/edgar/data/1481582/000089914024000526/0000899140-24-000526-index.htm">U.S. Securities and Exchange Commission</a> on Monday showed that Lehner, President &amp; CEO at Ryerson Holding, a company in the Materials sector, acquired stock options for 3,750 shares of RYI. The options allow Lehner to buy the company's stock at $16.5 per share.
Currently, Ryerson Holding shares are trading down 1.79%, priced at $22.5 during Tuesday's morning. This values Lehner's 3,750 shares at $22,500.
<h3>All You Need to Know About Ryerson Holding</h3>
Ryerson Holding Corp provides a metals service center, and value-added processor and is a distributor of industrial metals with operations in the United States, Canada, and Mexico. In addition to its North American operations, it conducts processing and distribution operations in China. Its customers range from local, independently owned fabricators and machine shops to large, international original equipment manufacturers. It carries a full line of products in stainless steel, aluminum, carbon steel, and alloy steels and a limited line of nickel and red metals in various shapes and forms. The company generates substantially all of its revenue from sales of metal products. Geographically, the majority is from the United States.
<h3>Understanding the Numbers: Ryerson Holding's Finances</h3>
Negative Revenue Trend: Examining Ryerson Holding's financials over 3 months reveals challenges. As of 31 March, 2024, the company experienced a decline of approximately -11.87% in revenue growth, reflecting a decrease in top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Materials sector.
Profitability Metrics: Unlocking Value
<ul>
<li>
Gross Margin: The company issues a cost efficiency warning with a low gross margin of 17.56%, indicating potential difficulties in maintaining profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): Ryerson Holding's EPS lags behind the industry average, indicating concerns and potential challenges with a current EPS of -0.22.
</li>
</ul>
Debt Management: Ryerson Holding's debt-to-equity ratio surpasses industry norms, standing at 0.98. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
Valuation Metrics:
<ul>
<li>
Price to Earnings (P/E) Ratio: The P/E ratio of 8.78 is lower than the industry average, implying a discounted valuation for Ryerson Holding's stock.
</li>
<li>
Price to Sales (P/S) Ratio: The current P/S ratio of 0.16 is below industry norms, suggesting potential undervaluation and presenting an investment opportunity for those considering sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): Boasting an EV/EBITDA ratio of 7.16, Ryerson Holding demonstrates a robust market valuation, outperforming industry benchmarks.
</li>
</ul>
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
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<h3>Why Pay Attention to Insider Transactions</h3>
In the complex landscape of investment decisions, investors should approach insider transactions as part of a comprehensive analysis, considering various elements.
In legal terms, an "insider" refers to any officer, director, or beneficial owner of more than ten percent of a company's equity securities registered under Section 12 of the Securities Exchange Act of 1934. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down. 
<h3>Transaction Codes Worth Your Attention</h3>
Digging into the details of stock transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> frequently turn their attention to those taking place in the open market, as outlined in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001481582">Check Out The Full List Of Ryerson Holding's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Edward Lehner Sees Potential Growth And Acquires In Ryerson Holding Stock Options

BMO Capital analyst Katja Jancic maintains Ryerson Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RYI#NYSE">RYI</a>) with a Market Perform and lowers the price target from $33 to $28.

Price Target

Analyst Ratings

BMO Capital Maintains Market Perform on Ryerson Holding, Lowers Price Target to $28

Top Stories for May 1, 2024:
1. IperionX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IPX#NASDAQ">IPX</a>) and Vegas Fastener Manufacturing have partnered to develop and manufacture <a href="https://www.benzinga.com/news/24/05/38549587/iperionx-and-vegas-fastener-to-co-produce-titanium-fasteners-for-u-s-army">titanium alloy fasteners</a> and precision components for critical sectors, including the U.S. Army Ground Vehicle Systems Center. 
This collaboration aims to create products with exceptional strength-to-weight ratios and corrosion resistance for aerospace, naval, oil and gas and other high-performance industries.
2. Q1 sales for Universal Stainless (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/USAP#NASDAQ">USAP</a>) reached $77.6 million, nearly matching the previous record and showing an 18% increase from Q1 2023. 
Gross margin hit a 12-year high at 18.9%, despite a $1.3 million cost from raw materials, and net income rose 59% to $4.1 million
Operations cash flow was $10.3 million, up 39%, with a $325 million backlog due to strong orders, particularly in the aerospace sector.
Also Read:<a href="https://www.benzinga.com/topic/mining"> </a><a href="https://www.benzinga.com/general/biotech/24/04/38535093/april-showers-on-wall-street-miners-utilities-emerge-as-bright-spots-in-gloomy-market">April Showers On Wall Street: Miners, Utilities Emerge As Bright Spots In Gloomy Market</a>
3. Century Aluminum (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CENX#NASDAQ">CENX</a>) reported Q1 2024 net sales of $489.5 million and net income of $246.8 million, with adjusted EBITDA at $25 million. 
The company experienced a $22.8 million sales drop due to lower premiums, despite an aluminum price increase to $2,190 per ton, and cash and liquidity totaled $302 million.&nbsp;
Adjusted net loss for the quarter was $3 million, influenced by exceptional items, including a large gain from an acquisition.
Notably, Century was chosen for a $500 million investment by the U.S. Department of Energy for a new green aluminum smelter and announced a joint venture to develop a low carbon billet casthouse.&nbsp;
4. Ryerson Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RYI#NYSE">RYI</a>) reported Q1 earnings with revenue of $1.24 billion from 497,000 tons shipped at an average price of $2,493 per ton. 
The company faced a net loss of $7.6 million and adjusted EBITDA of $40.2 million amid challenging conditions and costs from capital investments and system upgrades.&nbsp;
Debt increased to $497 million, with net debt at $455 million, but Ryerson started operations at a new service center, completed a major enterprise resource planning integration and announced $40 million in expected annual cost savings.&nbsp;
The company plans to spend $110 million on capital expenditures in 2024, reducing to $50 million in 2025.
Now Read:<a href="https://www.benzinga.com/"> </a><a href="https://www.benzinga.com/news/large-cap/24/04/38500350/first-quantum-minerals-closes-ravensthorpe-nickel-mine-cuts-330-jobs">First Quantum Minerals Closes Ravensthorpe Nickel Mine, Cuts 330 Jobs</a>
Benzinga Mining is the bridge between mining companies and retail investors. Reach out to <a href="mailto:licensing@benzinga.com">licensing@benzinga.com</a> to get connected with the Benzinga community!
Photo: Shutterstock

Commodities

IperionX Partners With Vegas Fastener; Universal Stainless Hits Record Margins; Century Aluminum's Sales Downturn And More: Wednesday's Top Mining Stories

Shares of Advanced Micro Devices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) fell sharply during Wednesday's session as the company reported first-quarter results and issued revenue <a href="https://www.benzinga.com/news/earnings/24/04/38534910/amd-investors-pull-back-after-modest-q1-beat-ceo-touts-ai-chip-ramp-up">guidance for the second quarter</a>.
AMD guided to second-quarter revenue of $5.7 billion plus or minus $300 million and a non-GAAP gross margin of about 53% against Street estimates of $5.7 billion in second-quarter revenue. Street expectations for fiscal year 2024 are for earnings of $3.40 per share and revenue of $24.13 billion, respectively, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Advanced Micro Devices shares dipped 6.9% to $147.44 on Wednesday.
Here are some other stocks moving in today&#8217;s mid-day session.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>CytomX Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTMX#NASDAQ">CTMX</a>) shares jumped 97.5% to $3.2199. CytomX Therapeutics will report first quarter 2024 results and issue an initial CX-904 Phase 1a clinical data update on May 8.</li>
<li>IM Cannabis Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IMCC#NASDAQ">IMCC</a>) gained 41.3% to $1.2150 after jumping around 54% on Tuesday.</li>
<li>Akanda Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKAN#NASDAQ">AKAN</a>) gained 39.5% to $0.1295. Shares of cannabis-related stocks traded higher following reports suggesting the DEA plans to reclassify cannabis as a less dangerous drug.</li>
<li>Getaround, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GETR#NYSE">GETR</a>) rose 35% to $0.2741 after the company announced it secured up to $50 million in additional financing.</li>
<li>Rocky Brands, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RCKY#NASDAQ">RCKY</a>) gained 31.6% to $33.93 after the company reported better-than-expected quarterly financial results.</li>
<li>Palisade Bio, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PALI#NASDAQ">PALI</a>) shares climbed 28% to $7.72 after the company announced completion of its analysis to determine the effects of bioactivated PALI-2108 on TNF-α production in a whole blood assay.</li>
<li>TransMedics Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMDX#NASDAQ">TMDX</a>) shares rose 28% to $120.26 after the company raised its 2024 guidance.</li>
<li>Surmodics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SRDX#NASDAQ">SRDX</a>) gained 27.2% to $32.69 following strong quarterly results.</li>
<li>DecisionPoint Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DPSI#NASDAQ">DPSI</a>) rose 24.6% to $10.03 as the company agreed to go private in all-cash transaction.</li>
<li>CareDx, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDNA#NASDAQ">CDNA</a>) rose 23.4% to $9.59. CareDx is expected to report financial results for the first quarter 2024 after the closing bell on Thursday, May 9.</li>
<li>Powell Industries, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/POWL#NASDAQ">POWL</a>) jumped 23.2% to $176.16 after the company reported better-than-expected second-quarter financial results.</li>
<li>TG Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TGTX#NASDAQ">TGTX</a>) rose 21.7% to $16.64 following a first-quarter revenue beat and increased 2024 Briumvi US net product revenue outlook.</li>
<li>New York Community Bancorp, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NYCB#NYSE">NYCB</a>) climbed 20% to $3.1887 following quarterly results.</li>
<li>Bio-Techne Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TECH#NASDAQ">TECH</a>) jumped 20.1% to $75.89 following upbeat quarterly results.</li>
<li>Inari Medical, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NARI#NASDAQ">NARI</a>) shares gained 19.1% to $44.47 after the company reported better-than-expected first-quarter sales results and issued FY24 revenue guidance above estimates.</li>
<li>LendingClub Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LC#NYSE">LC</a>) gained 18% to $8.87.</li>
<li>A10 Networks, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ATEN#NYSE">ATEN</a>) gained 17.7% to $15.38 following better-than-expected quarterly results.</li>
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<li>Conduent Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNDT#NASDAQ">CNDT</a>) rose 13.7% to $3.58 after the company reported better-than-expected first-quarter results and issued strong FY24 guidance.</li>
<li>Stagwell Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STGW#NASDAQ">STGW</a>) gained 13.1% to $6.73 following upbeat earnings.</li>
<li>The Chefs&#8217; Warehouse, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHEF#NASDAQ">CHEF</a>) climbed 11.5% to $36.89 following strong quarterly earnings.</li>
<li>Garmin Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRMN#NASDAQ">GRMN</a>) rose 11% to $160.40 after the company reported better-than-expected first-quarter financial results and affirmed FY24 adjusted EPS and sales guidance, which is above estimates.</li>
<li>Predictive Oncology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/POAI#NASDAQ">POAI</a>) rose 9.9% to $1.5699 after the company announced a collaboration with FluGen for an intranasal flu vaccine.</li>
<li>Trinity Industries, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRN#NYSE">TRN</a>) gained 9.4% to $28.48 following upbeat earnings.</li>
<li>Plutonian Acquisition Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTN#NASDAQ">PLTN</a>) gained 6.8% to $9.48.</li>
<li>Lion Group Holding Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LGHL#NASDAQ">LGHL</a>) shares gained 6.5% to $0.5188 after the company reported a year-over-year increase in FY23 financial results.</li>
<li>Lemonade, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMND#NYSE">LMND</a>) shares gained 6% to $18.26 after the company reported better-than-expected first-quarter financial results and raised its FY24 revenue guidance above estimates.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Cemtrex, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CETX#NASDAQ">CETX</a>) shares fell 73.1% to $0.3054 after the company announced pricing of a $10 million upsized underwritten public offering.</li>
<li>Mobile-health Network Solutions (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNDR#NASDAQ">MNDR</a>) dipped 61.8% to $9.41.</li>
<li>CVRx, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CVRX#NASDAQ">CVRX</a>) fell 40.2% to $9.27 after the company reported worse-than-expected first-quarter financial results. JP Morgan analyst Robbie Marcus downgraded the stock from Overweight to Neutral and lowered the price target from $36 to $13.</li>
<li>Leggett &amp; Platt, Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEG#NYSE">LEG</a>) fell 29.1% to $12.81 after the company reported worse-than-expected first-quarter financial results. The company also reduced its dividend.</li>
<li>Concord Medical Services Holdings Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCM#NYSE">CCM</a>) dipped 28.8% to $0.6052.</li>
<li>XTI Aerospace, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XTIA#NASDAQ">XTIA</a>) fell 25.5% to $1.90</li>
<li>Canopy Growth Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGC#NASDAQ">CGC</a>) dipped 25% to $11.16.</li>
<li>Visionary Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GV#NASDAQ">GV</a>) declined 22.3% to $0.1883.</li>
<li>Astec Industries, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTE#NASDAQ">ASTE</a>) fell 21.1% to $32.99 following downbeat quarterly results.</li>
<li>CVS Health Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVS#NYSE">CVS</a>) dipped 19.4% to $54.55 following worse-than-expected first-quarter EPS and revenues.</li>
<li>Super Micro Computer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) shares declined 15.9% to $721.99 following mixed third-quarter financial results.</li>
<li>Starbucks Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>) fell 15.8% to $74.54 following weaker-than-expected second-quarter earnings.</li>
<li>Ryerson Holding Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RYI#NYSE">RYI</a>) declined 15.1% to $24.25 after posting a loss for the first quarter.</li>
<li>DigitalBridge Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DBRG#NASDAQ">DBRG</a>) fell 14.4% to $14.08 after the company reported first-quarter financial results.</li>
<li>Hillenbrand, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HI#NYSE">HI</a>) dipped 14% to $41.04 after the company reported mixed second-quarter financial results and cut FY24 adjusted EPS guidance below estimates.</li>
<li>Skyworks Solutions, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWKS#NASDAQ">SWKS</a>) shares fell 13.7% to $92.01 after the company reported second-quarter financial results and issued third-quarter revenue guidance with the midpoint below estimates.</li>
<li>Sobr Safe Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOBR#NASDAQ">SOBR</a>) shares declined 12.2% to $0.2801.</li>
<li>SiteOne Landscape Supply, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SITE#NASDAQ">SITE</a>) fell 11.6% to $138.66 after the company reported mixed first-quarter financial results.</li>
<li>Norwegian Cruise Line Holdings Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NCLH#NYSE">NCLH</a>) fell 11% to $16.84 following a first-quarter revenue miss and soft FY24 guidance.</li>
<li>O-I Glass, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OI#NYSE">OI</a>) fell 10.5% to $13.38 after the company reported worse-than-expected first-quarter sales results and cut FY24 adjusted EPS guidance.</li>
<li>The Estée Lauder Companies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EL#NYSE">EL</a>) fell 9.7% to $132.39 after the company reported third-quarter financial results and issued FY24 adjusted EPS guidance below estimates.</li>
<li>Global Payments Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPN#NYSE">GPN</a>) fell 9% to $111.68 after the company reported first-quarter financial results and issued guidance.</li>
<li>Block, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQ#NYSE">SQ</a>) dipped 8.8% to $66.59. A report earlier today indicated federal prosecutors are examining the company&#8217;s financial transactions.</li>
<li>The Carlyle Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CG#NASDAQ">CG</a>) fell 8.2% to $41.10 after the company reported first-quarter financial results.</li>
<li>Polestar Automotive Holding UK PLC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSNY#NASDAQ">PSNY</a>) shares declined 7.9% to $1.2801. Polestar delayed annual report due to accounting errors.</li>
<li>The Kraft Heinz Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KHC#NASDAQ">KHC</a>) fell 6.3% to $36.19 following mixed first-quarter results.</li>
<li>The Clorox Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLX#NYSE">CLX</a>) fell 6% to $139.09 after the company reported worse-than-expected third-quarter sales results.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/news/earnings/24/05/38550761/how-to-earn-500-a-month-from-intel-stock-following-q1-earnings-report">How To Earn $500 A Month From Intel Stock Following Q1 Earnings Report</a>

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Why AMD Shares Are Trading Lower By Around 7%? Here Are Other Stocks Moving In Wednesday's Mid-Day Session

Ryerson Holding shares are trading lower following a Q1 EPS miss.

For the&nbsp;second quarter&nbsp;of 2024, Ryerson expects customer shipments to increase&nbsp;1%&nbsp;to&nbsp;3%, quarter-over-quarter. The Company&nbsp;expects adjusted EBITDA, excluding LIFO in the range of&nbsp;$47 million&nbsp;to&nbsp;$53 million.

Ryerson Anticipates Q2 Net Sales Of $1.25B-$1.29B (Est $1.222B), EPS Of $0.15-$0.25

Ryerson Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RYI#NYSE">RYI</a>) reported quarterly losses of $(0.18) per share which missed the analyst consensus estimate of $0.32 by 156.25 percent. This is a 114.17 percent decrease over earnings of $1.27 per share from the same period last year. The company reported quarterly sales of $1.239 billion which beat the analyst consensus estimate of $1.224 billion by 1.22 percent. This is a 11.88 percent decrease over sales of $1.406 billion the same period last year.

Ryerson Holding Q1 2024 Adj EPS $(0.18) Misses $0.32 Estimate, Sales $1.239B Beat $1.224B Estimate

Tuesday marks the last chance for investors to receive the next dividend payout from Ryerson Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RYI#NYSE">RYI</a>). 
<h3>What's Happening</h3>
The company announced on Wednesday that it would pay shareholders a quarterly dividend of 18.5 cents per share. On Wednesday, Ryerson Holding will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 18.5 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Wednesday. Shareholders who own RYI as of the end of Tuesday's session are eligible to receive the 18.5 cents dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on March 21, 2024. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
To stay up-to-date with the companies that are announcing their dividends, <a href="https://www.benzinga.com/calendars/dividends">click here</a> to visit our Dividends Calendar.

Dividends

Ryerson Holding's Ex-Dividend Date Is Wednesday, Here's What You Need To Know

<h3>Understanding Value Stocks</h3>
A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. 
<h2>Benzinga Insights has compiled a list of value stocks in the industrials sector that may be worth watching:</h2>
<ol>
<li>Eastman Kodak (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KODK#NYSE">KODK</a>) - P/E: 5.12</li>
<li>Greenpro Capital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRNQ#NASDAQ">GRNQ</a>) - P/E: 4.33</li>
<li>Bridger Aerospace Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BAER#NASDAQ">BAER</a>) - P/E: 0.76</li>
<li>United Airlines Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>) - P/E: 5.69</li>
<li>Ryerson Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RYI#NYSE">RYI</a>) - P/E: 7.8</li>
</ol>
Most recently, Eastman Kodak reported earnings per share at $0.0, whereas in Q2 earnings per share sat at $0.32. Greenpro Capital has reported Q3 earnings per share at $-0.02, which has decreased by 102.33% compared to Q2, which was 0.86. Most recently, Bridger Aerospace Gr reported earnings per share at $0.15, whereas in Q2 earnings per share sat at $-0.55. United Airlines Holdings saw a decrease in earnings per share from 3.65 in Q3 to $2.0 now. Most recently, Ryerson Holding reported earnings per share at $0.73, whereas in Q3 earnings per share sat at $1.0. Its most recent dividend yield is at 2.15%, which has decreased by 0.56% from 2.71% in the previous quarter.
These 5 value stocks were selected by Benzinga Insights based on quantified analysis. While this methodical judgment process is not meant to make final decisions, our technology can give investors additional perception into the sector.

BAER

GRNQ

KODK

5 Value Stocks To Watch In The Industrials Sector

Ryerson shares are trading lower after the company reported mixed Q4 financial results.

Ryerson Holding Corporation (RYI) Q2 2024 Earnings Call Transcript

Ryerson acquires Production Metals

Ryerson: Transformative Turnaround Acquisitions, And Cheap

Shelton Sustainable Equity Fund Q2 2024 Commentary

Ryerson Holding Non-GAAP EPS of -$0.20, revenue of $1.13B beats by $10M

Reports Q3 revenue $1.13B vs. 1.25B last year. Eddie Lehner, Ryerson's (RYI) President, CEO, and Director, said, "I want to thank all my Ryerson te...

Ryerson reports Q3 adjusted EPS (20c) vs. $1.00 last year

Ryerson Holding declares $0.1875 dividend

Ryerson Holding Corporation (RYI) Q3 2024 Earnings Call Transcript

Investors see second Trump presidency 'making steel stocks great again'

Ryerson: Plenty Of Risks Despite Benefits From USA Tariffs, Downgrade To Sell

ABBNY

ABLZF

BEPC

HEES

SEMHF

SMMNY

Press Releases

Ryerson to Host Earnings Call on Thursday, February 22nd to Discuss Fourth Quarter and Full-Year 2023 Results

Ryerson Reports Fourth Quarter and Full Year 2023 Results

Ryerson to Host Earnings Call on Wednesday, May 1st, to Discuss First Quarter 2024 Results

Ryerson Reports First Quarter 2024 Results

Ryerson to Host Earnings Call on Wednesday, July 31st to Discuss Second Quarter 2024 Results

Ryerson Reports Second Quarter 2024 Results

Ryerson Acquires Production Metals

Ryerson to Host Earnings Call on Wednesday, October 30th to Discuss Third Quarter 2024 Results

Ryerson Reports Third Quarter 2024 Results

Alpha Metallurgical Resources, Inc. Common Stock

Alpha Metallurgical

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Commercial Metals

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Carpenter Tech

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Warrior Met Coal

Ramaco Resources, Inc. - Class A Common Stock

Ramaco Resources

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POSCO HOLDINGS INC. American Depositary Shares (Each representing 1/4th of a share of Common Stock)

POSCO Holdings

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Radius Recycling

Reliance

Companhia Siderurgica Nacional S.A. Common Stock

Companhia Siderurgica

Grupo Simec, S.A.B. de C.V. American Depositary Shares

Grupo Simec

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Ternium S.A. Ternium S.A. American Depositary Shares (each representing ten shares, USD1.00 par value)

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