Russel Metals (RUS) to Release Quarterly Earnings on Wednesday

Russel Metals (TSE:RUS) is scheduled to be releasing its earnings data after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of C$0.66 per share for the quarter.

Russel Metals Trading Up 0.6 %

TSE RUS opened at C$39.05 on Tuesday. The company has a market capitalization of C$2.29 billion, a PE ratio of 11.50, a P/E/G ratio of 0.59 and a beta of 1.52. Russel Metals has a 12 month low of C$35.20 and a 12 month high of C$47.39. The stock has a 50-day simple moving average of C$39.20 and a 200 day simple moving average of C$38.66. The company has a current ratio of 3.85, a quick ratio of 1.44 and a debt-to-equity ratio of 16.88.

Russel Metals Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Monday, September 16th were paid a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 4.30%. The ex-dividend date was Wednesday, August 28th. Russel Metals’s payout ratio is presently 48.98%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on RUS. TD Securities raised shares of Russel Metals from a “hold” rating to a “buy” rating and boosted their price target for the company from C$44.00 to C$46.00 in a report on Monday, September 16th. National Bankshares reduced their target price on shares of Russel Metals from C$47.00 to C$46.00 and set an “outperform” rating for the company in a research note on Friday, August 2nd. Stifel Nicolaus dropped their price target on Russel Metals from C$55.00 to C$52.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Finally, BMO Capital Markets reduced their price objective on Russel Metals from C$46.00 to C$45.00 in a research report on Wednesday, July 24th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$46.93.

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.