Russel Metals (RUS) Set to Announce Quarterly Earnings on Wednesday

Russel Metals (TSE:RUS - Get Free Report) is set to issue its quarterly earnings data after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of C$0.66 per share for the quarter.

Russel Metals (TSE:RUS - Get Free Report) last announced its quarterly earnings results on Wednesday, July 31st. The company reported C$0.84 earnings per share for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of C$1.08 billion.

Russel Metals Trading Down 0.9 %

Shares of RUS stock traded down C$0.35 during trading hours on Wednesday, hitting C$39.38. The company had a trading volume of 83,121 shares, compared to its average volume of 185,238. The company has a debt-to-equity ratio of 16.88, a current ratio of 3.85 and a quick ratio of 1.44. The stock has a market capitalization of C$2.31 billion, a PE ratio of 11.48, a price-to-earnings-growth ratio of 0.59 and a beta of 1.52. The company's fifty day moving average is C$39.17 and its 200 day moving average is C$38.72. Russel Metals has a fifty-two week low of C$34.22 and a fifty-two week high of C$47.39.

Russel Metals Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Monday, September 16th were issued a $0.42 dividend. The ex-dividend date of this dividend was Wednesday, August 28th. This represents a $1.68 annualized dividend and a dividend yield of 4.27%. Russel Metals's dividend payout ratio is presently 48.98%.

Wall Street Analyst Weigh In

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

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.