Russel Metals Stock Earnings Estimates Raised by Scotiabank

Russel Metals Inc. (TSE:RUS) – Equities researchers at Scotiabank upped their FY2027 EPS estimates for Russel Metals in a research note issued on Tuesday, October 13th. Scotiabank analyst J. Goldman now forecasts that the company will earn $4.69 per share for the year, up from their previous estimate of $4.54. Scotiabank currently has a “Sector Outperform” rating and a $113.00 target price on the stock.

Russel Metals (TSE:RUS) last posted its quarterly earnings results on Thursday, August 6th. The company reported C$1.63 EPS for the quarter. The firm had revenue of C$1.66 billion for the quarter. Russel Metals had a net margin of 4.04% and a return on equity of 13.09%.

Several other equities analysts have also recently issued reports on the company. Stifel Nicolaus upped their price objective on Russel Metals from C$64.00 to C$85.00 and gave the company a “hold” rating in a research report on Monday, August 10th. Raymond James Financial lowered Russel Metals from a “moderate buy” rating to a “hold” rating and lifted their target price for the stock from C$70.00 to C$82.00 in a report on Monday, August 10th. Royal Bank Of Canada boosted their price target on Russel Metals from C$92.00 to C$107.00 in a research note on Wednesday, September 30th. National Bank Financial boosted their price target on Russel Metals from C$57.00 to C$75.00 and gave the stock a “sector perform” rating in a research note on Monday, August 10th. Finally, TD set a C$94.00 price target on Russel Metals and gave the company a “buy” rating in a report on Monday, September 21st. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of C$81.22.

Russel Metals Price Performance

Shares of TSE RUS opened at C$91.88 on Thursday. Russel Metals has a twelve month low of C$39.09 and a twelve month high of C$95.97. The firm has a market cap of C$5.04 billion, a P/E ratio of 23.44, a PEG ratio of 0.59 and a beta of 0.95. The company has a 50 day moving average of C$80.63 and a 200 day moving average of C$66.78. The company has a quick ratio of 1.44, a current ratio of 2.61 and a debt-to-equity ratio of 27.88.

Russel Metals Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 15th were issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Friday, August 28th. Russel Metals’s dividend payout ratio (DPR) is presently 44.13%.

Insider Activity

In other news, Director James Francis Dinning sold 3,000 shares of Russel Metals stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of C$80.00, for a total value of C$240,000.00. Following the completion of the sale, the director directly owned 16,250 shares in the company, valued at C$1,300,000. The trade was a 15.58% decrease in their ownership of the stock. Also, Director Brian Robie Hedges purchased 1,000 shares of Russel Metals stock in a transaction dated Thursday, August 13th. The stock was bought at an average price of C$80.48 per share, with a total value of C$80,480.00. Following the completion of the purchase, the director directly owned 1,000 shares of the company’s stock, valued at approximately C$80,480. This trade represents a ∞ increase in their ownership of the stock. Insiders have sold a total of 33,682 shares of company stock valued at $2,735,333 in the last 90 days. 0.85% of the stock is currently owned by insiders.

Russel Metals Company Profile

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.