FY2024 EPS Estimates for Russel Metals Cut by Analyst

Russel Metals Inc. (TSE:RUS) – Research analysts at National Bank Financial dropped their FY2024 earnings estimates for shares of Russel Metals in a research report issued on Wednesday, January 22nd. National Bank Financial analyst M. Sytchev now anticipates that the company will post earnings of $2.84 per share for the year, down from their prior estimate of $2.89. National Bank Financial also issued estimates for Russel Metals’ Q4 2024 earnings at $0.54 EPS, Q1 2025 earnings at $0.84 EPS, Q2 2025 earnings at $1.20 EPS, Q3 2025 earnings at $1.11 EPS and Q4 2025 earnings at $0.86 EPS.

Several other equities research analysts also recently commented on 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. TD Securities lifted their target price on Russel Metals from C$46.00 to C$50.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Royal Bank of Canada upgraded Russel Metals from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from C$45.00 to C$51.00 in a research note on Tuesday, November 26th. Finally, Stifel Nicolaus upped their target price on shares of Russel Metals from C$54.50 to C$57.00 in a research note on Friday, November 22nd. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Russel Metals presently has an average rating of “Moderate Buy” and a consensus target price of C$50.50.

Russel Metals Trading Down 0.5 %

TSE:RUS opened at C$42.32 on Friday. Russel Metals has a 12 month low of C$35.20 and a 12 month high of C$47.39. The company has a current ratio of 3.85, a quick ratio of 1.44 and a debt-to-equity ratio of 16.88. The stock has a market capitalization of C$2.48 billion, a price-to-earnings ratio of 12.34, a PEG ratio of 0.59 and a beta of 1.52. The firm has a fifty day simple moving average of C$42.93 and a two-hundred day simple moving average of C$40.31.

Russel Metals (TSE:RUS) last issued its quarterly earnings results on Wednesday, November 6th. The company reported C$0.59 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of C$1.09 billion for the quarter, compared to the consensus estimate of C$1.06 billion.

Russel Metals Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 16th were paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.97%. 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 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.