Russel Metals FY2024 EPS Forecast Decreased by Stifel Canada

Russel Metals Inc. (TSE:RUS) – Analysts at Stifel Canada cut their FY2024 earnings per share (EPS) estimates for Russel Metals in a note issued to investors on Sunday, February 2nd. Stifel Canada analyst I. Gillies now expects that the company will post earnings per share of $2.73 for the year, down from their prior forecast of $2.91. Stifel Canada also issued estimates for Russel Metals’ Q1 2026 earnings at $1.02 EPS, Q2 2026 earnings at $1.07 EPS, Q3 2026 earnings at $1.03 EPS, Q4 2026 earnings at $0.93 EPS and FY2026 earnings at $4.04 EPS.

Several other brokerages have also recently issued reports on RUS. Royal Bank of Canada upgraded shares of Russel Metals from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from C$45.00 to C$51.00 in a report on Tuesday, November 26th. Stifel Nicolaus cut their price objective on shares of Russel Metals from C$57.00 to C$55.00 in a report on Monday. TD Securities upped their target price on Russel Metals from C$46.00 to C$50.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Finally, Raymond James lifted their price target 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 issued a buy rating to the stock. According to data from MarketBeat.com, Russel Metals currently has an average rating of “Moderate Buy” and an average price target of C$50.21.

Russel Metals Trading Down 1.7 %

Shares of TSE RUS opened at C$40.40 on Tuesday. Russel Metals has a twelve month low of C$35.20 and a twelve month high of C$47.39. The company has a quick ratio of 1.44, a current ratio of 3.85 and a debt-to-equity ratio of 16.88. The business has a fifty day simple moving average of C$42.68 and a two-hundred day simple moving average of C$40.59. The firm has a market cap of C$2.37 billion, a PE ratio of 11.78, a price-to-earnings-growth ratio of 0.59 and a beta of 1.52.

Russel Metals (TSE:RUS) last issued its quarterly 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). Russel Metals had a net margin of 4.87% and a return on equity of 12.67%. The firm had revenue of C$1.09 billion for the quarter, compared to the consensus estimate of C$1.06 billion.

Russel Metals Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 16th were given a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 4.16%. The ex-dividend date of this dividend was Wednesday, November 27th. 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.