FY2024 EPS Forecast for Russel Metals Decreased by Analyst

Russel Metals Inc. (TSE:RUS) – Equities researchers at National Bank Financial decreased their FY2024 earnings per share (EPS) estimates for Russel Metals in a report released on Wednesday, January 22nd. National Bank Financial analyst M. Sytchev now anticipates that the company will earn $2.84 per share for the year, down from their previous estimate 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.

Other equities analysts also recently issued reports about the company. Raymond James increased their target price on Russel Metals from C$50.00 to C$56.00 in a research note on Wednesday, November 13th. Stifel Nicolaus increased their price objective on Russel Metals from C$54.50 to C$57.00 in a research report on Friday, November 22nd. TD Securities raised their target price 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. Finally, Royal Bank of Canada raised shares of Russel Metals from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from C$45.00 to C$51.00 in a research note on Tuesday, November 26th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$50.50.

Russel Metals Trading Up 0.9 %

TSE RUS opened at C$42.70 on Friday. Russel Metals has a 52-week low of C$35.20 and a 52-week high of C$47.39. The firm has a 50-day moving average price of C$42.91 and a 200 day moving average price of C$40.34. The stock has a market capitalization of C$2.51 billion, a P/E ratio of 12.45, a P/E/G ratio of 0.59 and a beta of 1.52. 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) last released its earnings results on Wednesday, November 6th. The company reported C$0.59 EPS for the quarter, missing the consensus estimate of C$0.61 by C($0.02). The firm had revenue of C$1.09 billion during the quarter, compared to analyst estimates of C$1.06 billion. Russel Metals had a return on equity of 12.67% and a net margin of 4.87%.

Russel Metals Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 16th were issued a dividend of $0.42 per share. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $1.68 annualized dividend and a yield of 3.93%. Russel Metals’s dividend payout ratio (DPR) 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.