Brokers Offer Predictions for Russel Metals Q3 Earnings

Russel Metals Inc. (TSE:RUS - Free Report) - Stock analysts at National Bank Financial lowered their Q3 2024 earnings per share (EPS) estimates for Russel Metals in a report released on Monday, October 21st. National Bank Financial analyst M. Sytchev now expects that the company will earn $0.67 per share for the quarter, down from their previous estimate of $0.82. National Bank Financial also issued estimates for Russel Metals' Q4 2024 earnings at $0.81 EPS, FY2024 earnings at $3.08 EPS and FY2025 earnings at $4.16 EPS.

Other equities research analysts have also issued research reports about the company. Royal Bank of Canada dropped their price target on Russel Metals from C$47.00 to C$43.00 and set a "sector perform" rating on the stock in a research report on Tuesday, July 2nd. National Bankshares reduced their price objective on Russel Metals from C$47.00 to C$46.00 and set an "outperform" rating for the company in a research report on Friday, August 2nd. BMO Capital Markets cut their target price on Russel Metals from C$46.00 to C$45.00 in a research note on Wednesday, July 24th. Stifel Nicolaus lowered their price objective on shares of 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, TD Securities upgraded shares of Russel Metals from a "hold" rating to a "buy" rating and lifted their price target for the company from C$44.00 to C$46.00 in a research note on Monday, September 16th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Russel Metals has an average rating of "Moderate Buy" and an average target price of C$46.93.

Russel Metals Price Performance

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 has a fifty-two week low of C$33.38 and a fifty-two week high of C$47.39. The company has a 50-day moving average price of C$38.95 and a two-hundred day moving average price of C$38.87. The firm has a market cap of C$2.30 billion, a price-to-earnings ratio of 11.56, a price-to-earnings-growth ratio of 0.59 and a beta of 1.52.

Russel Metals (TSE:RUS - Get Free Report) last released its quarterly earnings data on Wednesday, July 31st. The company reported C$0.84 earnings per share for the quarter, topping the consensus estimate of C$0.83 by C$0.01. Russel Metals had a net margin of 4.87% and a return on equity of 12.67%. The business had revenue of C$1.07 billion for the quarter, compared to analyst estimates of C$1.08 billion.

Russel Metals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Monday, September 16th were given a $0.42 dividend. The ex-dividend date of this dividend was Wednesday, August 28th. This represents a $1.68 dividend on an annualized basis and a dividend yield of ∞. Russel Metals's payout ratio is 48.98%.

About Russel Metals

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.