FY2025 EPS Estimates for Russel Metals Cut by Analyst

Russel Metals Inc. (TSE:RUS) – Investment analysts at National Bank Financial cut their FY2025 EPS estimates for Russel Metals in a research report issued on Wednesday, January 22nd. National Bank Financial analyst M. Sytchev now forecasts that the company will post earnings of $4.01 per share for the year, down from their prior estimate of $4.07.

A number of other brokerages also recently commented on RUS. TD Securities upped their price objective on shares of Russel Metals from C$46.00 to C$50.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Raymond James increased their price target on shares of Russel Metals from C$50.00 to C$56.00 in a report on Wednesday, November 13th. Royal Bank of Canada raised Russel Metals from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from C$45.00 to C$51.00 in a report on Tuesday, November 26th. Finally, Stifel Nicolaus boosted their target price on Russel Metals from C$54.50 to C$57.00 in a research report on Friday, November 22nd. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Russel Metals currently has an average rating of “Moderate Buy” and a consensus target price of C$50.50.

Russel Metals Price Performance

Shares of TSE RUS opened at C$42.70 on Monday. The stock has a fifty day moving average price of C$42.91 and a 200 day moving average price of C$40.34. Russel Metals has a 1-year low of C$35.20 and a 1-year high of C$47.39. The company has a debt-to-equity ratio of 16.88, a current ratio of 3.85 and a quick ratio of 1.44. The company has a market cap of C$2.51 billion, a PE ratio of 12.45, a P/E/G ratio of 0.59 and a beta of 1.52.

Russel Metals (TSE:RUS) last posted its quarterly earnings data on Wednesday, November 6th. The company reported C$0.59 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.61 by C($0.02). The company had revenue of C$1.09 billion for 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 Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 16th were given a dividend of $0.42 per share. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.93%. Russel Metals’s payout ratio is 48.98%.

About Russel Metals

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.