Stifel Canada Has Negative View of Russel Metals Q4 Earnings

Russel Metals Inc. (TSE:RUS - Free Report) - Equities researchers at Stifel Canada reduced their Q4 2024 EPS estimates for shares of Russel Metals in a research report issued on Sunday, February 2nd. Stifel Canada analyst I. Gillies now anticipates that the company will post earnings per share of $0.48 for the quarter, down from their prior forecast of $0.66. Stifel Canada also issued estimates for Russel Metals' Q1 2025 earnings at $0.73 EPS, Q2 2025 earnings at $0.95 EPS, Q3 2025 earnings at $0.99 EPS, Q4 2025 earnings at $0.91 EPS and FY2025 earnings at $3.58 EPS.

Other equities analysts have also recently issued research reports about the company. Raymond James boosted their price objective on Russel Metals from C$50.00 to C$56.00 in a report on Wednesday, November 13th. Stifel Nicolaus reduced their price target on shares of Russel Metals from C$57.00 to C$55.00 in a research note on Monday, February 3rd. Royal Bank of Canada raised shares of Russel Metals from a "sector perform" rating to an "outperform" rating and boosted their price objective for the company from C$45.00 to C$51.00 in a research report on Tuesday, November 26th. Finally, TD Securities raised their target price on shares of 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. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Russel Metals presently has an average rating of "Moderate Buy" and an average target price of C$50.21.

Russel Metals Trading Up 0.9 %

TSE RUS traded up C$0.38 during trading on Wednesday, hitting C$41.11. The stock had a trading volume of 148,804 shares, compared to its average volume of 152,812. Russel Metals has a one year low of C$35.20 and a one year high of C$47.39. The stock has a 50 day simple moving average of C$42.46 and a 200 day simple moving average of C$40.68. The stock has a market capitalization of C$2.41 billion, a price-to-earnings ratio of 11.99, a P/E/G 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 (TSE:RUS - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The company reported C$0.59 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of C$1.06 billion.

Russel Metals Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 16th were given a dividend of $0.42 per share. 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 48.98%.

Russel Metals Company Profile

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.