Russel Metals Inc. (TSE:RUS - Get Free Report) announced a quarterly dividend on Wednesday, November 27th,TickerTech Dividends reports. Shareholders of record on Monday, December 16th will be given a dividend of 0.42 per share on Monday, December 16th. This represents a $1.68 dividend on an annualized basis and a yield of 3.98%. The ex-dividend date of this dividend is Wednesday, November 27th.
Russel Metals Trading Down 3.6 %
Shares of TSE:RUS traded down C$1.56 during trading on Friday, reaching C$42.20. The stock had a trading volume of 253,205 shares, compared to its average volume of 185,827. Russel Metals has a 52 week low of C$35.20 and a 52 week high of C$47.39. The company has a debt-to-equity ratio of 16.88, a quick ratio of 1.44 and a current ratio of 3.85. The firm's fifty day moving average is C$39.43 and its 200 day moving average is C$38.68. The stock has a market cap of C$2.48 billion, a price-to-earnings ratio of 12.30, a P/E/G ratio of 0.59 and a beta of 1.52.
Russel Metals (TSE:RUS - Get Free Report) last posted its quarterly earnings data 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 return on equity of 12.67% and a net margin of 4.87%. The business had revenue of C$1.09 billion during the quarter, compared to the consensus estimate of C$1.06 billion.
Analyst Ratings Changes
RUS has been the topic of a number of research analyst reports. Royal Bank of Canada increased their price target on Russel Metals from C$43.00 to C$45.00 in a report on Friday. TD Securities upgraded shares of Russel Metals from a "hold" rating to a "buy" rating and raised their price target for the stock from C$44.00 to C$46.00 in a report on Monday, September 16th. National Bankshares decreased their price target on shares of Russel Metals from C$47.00 to C$46.00 and set an "outperform" rating for the company in a research note on Friday, August 2nd. Stifel Nicolaus cut their target price on Russel Metals from C$55.00 to C$52.00 and set a "buy" rating on the stock in a report on Friday, August 2nd. Finally, BMO Capital Markets decreased their price target on shares of Russel Metals from C$46.00 to C$45.00 in a research note on Wednesday, July 24th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Russel Metals presently has a consensus rating of "Moderate Buy" and a consensus target price of C$47.21.
Read Our Latest Stock Report on Russel Metals
About Russel Metals
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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.
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