Brokers Issue Forecasts for Russel Metals FY2025 Earnings

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

Russel Metals (TSE:RUS) last released its quarterly earnings results on Wednesday, November 6th. The company reported C$0.59 earnings per share for the quarter, missing the consensus estimate of C$0.61 by C($0.02). The company had revenue of C$1.09 billion during the quarter, compared to the consensus estimate of C$1.06 billion. Russel Metals had a net margin of 4.87% and a return on equity of 12.67%.

RUS has been the subject of a number of other research reports. Royal Bank of Canada raised Russel Metals from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from C$45.00 to C$51.00 in a report on Tuesday, November 26th. TD Securities boosted their target price on Russel Metals from C$46.00 to C$50.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Stifel Nicolaus increased their target price on shares of Russel Metals from C$54.50 to C$57.00 in a report on Friday, November 22nd. Finally, Raymond James lifted their price target on shares of 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 assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$50.50.

Russel Metals Stock Down 0.5 %

Shares of RUS opened at C$41.88 on Monday. 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 has a 12 month low of C$35.20 and a 12 month high of C$47.39. The firm’s 50 day moving average is C$42.88 and its 200-day moving average is C$40.41. The stock has a market capitalization of C$2.46 billion, a PE ratio of 12.21, a P/E/G ratio of 0.59 and a beta of 1.52.

Russel Metals Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 16th were paid 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 4.01%. Russel Metals’s dividend payout ratio 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.