Raymond James Forecasts Russel Metals' Q1 Earnings (TSE:RUS)

Russel Metals Inc. (TSE:RUS - Free Report) - Stock analysts at Raymond James lifted their Q1 2025 earnings estimates for Russel Metals in a note issued to investors on Wednesday, November 13th. Raymond James analyst F. Bastien now expects that the company will post earnings of $1.04 per share for the quarter, up from their prior forecast of $1.00. Raymond James also issued estimates for Russel Metals' Q2 2025 earnings at $1.26 EPS, Q3 2025 earnings at $1.19 EPS and FY2025 earnings at $4.40 EPS.

Several other research firms have also recently weighed in on RUS. National Bankshares decreased their price objective on shares of Russel Metals from C$47.00 to C$46.00 and set an "outperform" rating on the stock in a research report on Friday, August 2nd. Royal Bank of Canada increased their price target on shares of Russel Metals from C$43.00 to C$45.00 in a report on Friday, November 8th. TD Securities lifted their price objective on shares of Russel Metals from C$46.00 to C$50.00 and gave the stock a "buy" rating in a report on Tuesday. BMO Capital Markets reduced their target price on Russel Metals from C$46.00 to C$45.00 in a research note on Wednesday, July 24th. Finally, Stifel Nicolaus lifted their price target on Russel Metals from C$53.00 to C$54.50 in a research note on Wednesday. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of C$49.29.

Russel Metals Price Performance

Shares of RUS stock traded up C$0.74 on Friday, reaching C$43.06. The company's stock had a trading volume of 151,518 shares, compared to its average volume of 185,153. The company has a market capitalization of C$2.53 billion, a P/E ratio of 12.55, a PEG ratio of 0.59 and a beta of 1.52. Russel Metals has a 12-month low of C$35.20 and a 12-month high of C$47.39. The stock's 50 day simple moving average is C$40.11 and its 200-day simple moving average is C$38.81. The company has a quick ratio of 1.44, a current ratio of 3.85 and a debt-to-equity ratio of 16.88.

Russel Metals (TSE:RUS - Get Free Report) last announced 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). 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 the consensus estimate of C$1.06 billion.

Russel Metals Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 16th will be given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.90%. The ex-dividend date is Wednesday, November 27th. Russel Metals's dividend payout ratio is presently 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.