Russel Metals (TSE:RUS) Announces Quarterly Earnings Results

Russel Metals (TSE:RUS) issued its quarterly earnings results on Tuesday. The company reported C$1.30 earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of C$1.42 billion for the quarter. Russel Metals had a return on equity of 10.44% and a net margin of 3.64%.

Russel Metals Price Performance

Shares of RUS traded up C$0.44 during mid-day trading on Tuesday, reaching C$53.48. The company had a trading volume of 140,786 shares, compared to its average volume of 207,086. The company’s 50 day simple moving average is C$48.67 and its 200 day simple moving average is C$45.66. Russel Metals has a 1-year low of C$39.09 and a 1-year high of C$54.15. The company has a debt-to-equity ratio of 30.44, a quick ratio of 1.44 and a current ratio of 3.06. The company has a market capitalization of C$2.94 billion, a price-to-earnings ratio of 17.77, a P/E/G ratio of 0.59 and a beta of 0.95.

Analysts Set New Price Targets

A number of brokerages recently issued reports on RUS. Scotiabank increased their price target on Russel Metals from C$52.00 to C$54.00 and gave the stock an “outperform” rating in a research report on Friday, February 13th. TD Securities increased their price objective on shares of Russel Metals from C$50.00 to C$57.00 and gave the stock a “buy” rating in a research note on Friday, February 13th. National Bank Financial decreased their target price on shares of Russel Metals from C$56.00 to C$51.00 and set a “sector perform” rating on the stock in a report on Wednesday, April 8th. Royal Bank Of Canada boosted their target price on shares of Russel Metals from C$51.00 to C$55.00 and gave the company an “outperform” rating in a research report on Friday, February 13th. Finally, Stifel Nicolaus upped their price target on shares of Russel Metals from C$49.00 to C$50.50 and gave the stock a “hold” rating in a report on Friday, February 13th. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$54.93.

About Russel Metals

Russel Metals is one of the largest metals distribution companies in North America with a growing focus on value-added processing. It carries on business in three segments: metals service centers, energy field stores and steel distributors. Its network of metals service centers carries an extensive line of metal products in a wide range of sizes, shapes and specifications, including carbon hot rolled and cold finished steel, pipe and tubular products, stainless steel, aluminum and other non-ferrous specialty metals.