Russel Metals Inc. (TSE:RUS – Free Report) – Investment analysts at National Bank Financial decreased their FY2024 earnings estimates for Russel Metals in a research note issued to investors on Wednesday, January 22nd. National Bank Financial analyst M. Sytchev now forecasts that the company will earn $2.84 per share for the year, down from their previous forecast of $2.89. National Bank Financial also issued estimates for Russel Metals’ Q4 2024 earnings at $0.54 EPS, Q1 2025 earnings at $0.84 EPS, Q2 2025 earnings at $1.20 EPS, Q3 2025 earnings at $1.11 EPS and Q4 2025 earnings at $0.86 EPS.
A number of other equities research analysts have also weighed in on the company. TD Securities lifted their price objective on Russel Metals from C$46.00 to C$50.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Stifel Nicolaus lifted their price target on Russel Metals from C$54.50 to C$57.00 in a research note on Friday, November 22nd. Royal Bank of Canada upgraded Russel Metals from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from C$45.00 to C$51.00 in a research report on Tuesday, November 26th. Finally, Raymond James raised their target price on Russel Metals from C$50.00 to C$56.00 in a report on Wednesday, November 13th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$50.50.
Russel Metals Stock Up 0.9 %
Shares of TSE:RUS opened at C$42.70 on Friday. The company has a market cap of C$2.51 billion, a price-to-earnings ratio of 12.45, a PEG ratio of 0.59 and a beta of 1.52. Russel Metals has a fifty-two week low of C$35.20 and a fifty-two week high of C$47.39. The firm’s 50-day simple moving average is C$42.91 and its 200-day simple moving average is C$40.34. The company has a quick ratio of 1.44, a current ratio of 3.85 and a debt-to-equity ratio of 16.88.
Russel Metals (TSE:RUS – Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The company reported C$0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.61 by C($0.02). Russel Metals had a net margin of 4.87% and a return on equity of 12.67%. The company had revenue of C$1.09 billion during the quarter, compared to analyst estimates of C$1.06 billion.
Russel Metals Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 16th were issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 3.93%. The ex-dividend date was Wednesday, November 27th. Russel Metals’s payout ratio is currently 48.98%.
Russel Metals Company Profile
Russel Metals Inc operates as a metal distribution and processing company in Canada and the United States. It operates in three segments: Metals Service Centers, Energy Field Stores, and Steel Distribution. The Metal Service Centers segment operates a network of metals service centers, which provide metal products in range of sizes, shapes, and specifications, including carbon hot rolled and cold finished steel, pipe and tubular, stainless steel, aluminum, and other non-ferrous specialty metal products.
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