Russel Metals FY2024 EPS Forecast Decreased by Stifel Canada

Russel Metals Inc. (TSE:RUS - Free Report) - Investment analysts at Stifel Canada lowered their FY2024 earnings per share estimates for Russel Metals in a note issued to investors on Sunday, February 2nd. Stifel Canada analyst I. Gillies now anticipates 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.

Russel Metals (TSE:RUS - Get Free Report) last announced 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 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%.

A number of other equities analysts have also recently issued reports on the company. Raymond James increased their target price on Russel Metals from C$50.00 to C$56.00 in a report on Wednesday, November 13th. Stifel Nicolaus dropped their target price on Russel Metals from C$57.00 to C$55.00 in a research report on Monday. TD Securities upped their price target on 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. Finally, Royal Bank of Canada upgraded shares of 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. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, Russel Metals presently has an average rating of "Moderate Buy" and a consensus price target of C$50.21.

Russel Metals Stock Up 0.9 %

Shares of RUS stock traded up C$0.38 during trading hours on Tuesday, hitting C$41.11. 148,804 shares of the company were exchanged, compared to its average volume of 152,812. Russel Metals has a 52 week low of C$35.20 and a 52 week high of C$47.39. The company has a current ratio of 3.85, a quick ratio of 1.44 and a debt-to-equity ratio of 16.88. The business has a 50 day moving average of C$42.46 and a two-hundred day moving average of C$40.68. The company has a market capitalization of C$2.41 billion, a PE ratio of 11.99, a PEG ratio of 0.59 and a beta of 1.52.

Russel Metals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 16th were issued a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 4.09%. The ex-dividend date of this dividend was Wednesday, November 27th. Russel Metals's payout ratio is presently 48.98%.

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.