FY2025 EPS Forecast for Russel Metals Cut by Analyst

Russel Metals Inc. (TSE:RUS - Free Report) - Equities researchers at National Bank Financial lowered their FY2025 earnings per share estimates for shares of Russel Metals in a research report issued on Wednesday, January 22nd. National Bank Financial analyst M. Sytchev now expects that the company will post earnings per share of $4.01 for the year, down from their previous estimate of $4.07.

Russel Metals (TSE:RUS - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The company reported C$0.59 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 company had revenue of C$1.09 billion for the quarter, compared to analyst estimates of C$1.06 billion.

RUS has been the subject of a number of other reports. Raymond James boosted their target price on shares of Russel Metals from C$50.00 to C$56.00 in a research note on Wednesday, November 13th. TD Securities increased their price objective 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. Royal Bank of Canada raised Russel Metals from a "sector perform" rating to an "outperform" rating and lifted their target price for the company from C$45.00 to C$51.00 in a research note on Tuesday, November 26th. Finally, Stifel Nicolaus increased their price target on Russel Metals from C$54.50 to C$57.00 in a research note on Friday, November 22nd. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of C$50.50.

Russel Metals Stock Performance

Shares of RUS traded down C$0.61 during midday trading on Monday, hitting C$42.09. 98,565 shares of the stock traded hands, compared to its average volume of 133,788. The business's 50 day moving average price is C$42.91 and its two-hundred day moving average price is C$40.38. The firm has a market capitalization of C$2.47 billion, a PE ratio of 12.27, a price-to-earnings-growth ratio of 0.59 and a beta of 1.52. The company has a debt-to-equity ratio of 16.88, a quick ratio of 1.44 and a current ratio of 3.85. Russel Metals has a 1-year low of C$35.20 and a 1-year high of C$47.39.

Russel Metals Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 16th were issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 3.99%. The ex-dividend date was Wednesday, November 27th. Russel Metals's payout ratio is 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.