FY2025 EPS Forecast for Russel Metals Increased by Analyst

Russel Metals Inc. (TSE:RUS) – Stifel Canada boosted their FY2025 EPS estimates for shares of Russel Metals in a report issued on Thursday, February 20th. Stifel Canada analyst I. Gillies now anticipates that the company will post earnings per share of $4.41 for the year, up from their previous forecast of $4.38.

Other equities research analysts have also recently issued reports about the stock. Royal Bank of Canada raised shares of Russel Metals from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from C$45.00 to C$51.00 in a research report on Tuesday, November 26th. TD Securities raised their target price on shares of Russel Metals from C$50.00 to C$52.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Raymond James raised their target price on shares of Russel Metals from C$50.00 to C$56.00 in a research report on Wednesday, November 13th. Finally, Stifel Nicolaus raised their price target on shares of Russel Metals from C$55.50 to C$60.00 in a report on Friday, February 14th. One investment analyst has 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 company currently has a consensus rating of “Moderate Buy” and an average price target of C$51.21.

Russel Metals Price Performance

Russel Metals stock opened at C$41.18 on Monday. The firm’s 50-day moving average is C$41.74 and its two-hundred day moving average is C$40.90. The company has a debt-to-equity ratio of 20.28, a current ratio of 3.37 and a quick ratio of 1.44. Russel Metals has a 12-month low of C$35.20 and a 12-month high of C$46.87. The stock has a market capitalization of C$2.36 billion, a P/E ratio of 13.27, a P/E/G ratio of 0.59 and a beta of 1.52.

Insider Activity

In other news, Director Brian Robie Hedges sold 5,000 shares of Russel Metals stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of C$42.32, for a total transaction of C$211,600.00. Insiders own 0.85% of the company’s stock.

Russel Metals Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 17th will be paid a dividend of $0.42 per share. The ex-dividend date is Friday, February 28th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.08%. Russel Metals’s dividend payout ratio is currently 54.12%.

About Russel Metals

Russel Metals Inc is a Canada-based metal distribution company. The company conducts business primarily through three metals distribution segments: metals service centers; energy products; and steel distributors. The metal service centers provide processing and distribution services to a broad base of end-users.