Russel Metals FY2025 EPS Cut by National Bank Financial

Russel Metals Inc. (TSE:RUS) – National Bank Financial reduced their FY2025 earnings per share estimates for Russel Metals in a research note issued on Wednesday, January 22nd. National Bank Financial analyst M. Sytchev now expects that the company will post earnings per share of $4.01 for the year, down from their prior forecast of $4.07.

A number of other research analysts have also weighed in on RUS. Raymond James raised their price objective on Russel Metals from C$50.00 to C$56.00 in a research report on Wednesday, November 13th. TD Securities raised their price objective on shares of Russel Metals from C$46.00 to C$50.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Royal Bank of Canada upgraded shares of Russel Metals from a “sector perform” rating to an “outperform” rating and increased their price target for the company from C$45.00 to C$51.00 in a report on Tuesday, November 26th. Finally, Stifel Nicolaus boosted their price objective on shares of Russel Metals from C$54.50 to C$57.00 in a report on Friday, November 22nd. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$50.50.

Russel Metals Stock Down 0.5 %

Shares of Russel Metals stock opened at C$41.88 on Monday. Russel Metals has a 1 year low of C$35.20 and a 1 year high of C$47.39. 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 company has a 50-day moving average of C$42.88 and a 200 day moving average of C$40.41. The firm has a market cap of C$2.46 billion, a price-to-earnings ratio of 12.21, a PEG ratio of 0.59 and a beta of 1.52.

Russel Metals (TSE:RUS) last issued its quarterly earnings results on Wednesday, November 6th. The company reported C$0.59 earnings per share for the quarter, missing the consensus estimate of C$0.61 by C($0.02). Russel Metals had a return on equity of 12.67% and a net margin of 4.87%. The firm had revenue of C$1.09 billion during the quarter, compared to analysts’ expectations of C$1.06 billion.

Russel Metals Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 16th were issued a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 4.01%. The ex-dividend date was Wednesday, November 27th. Russel Metals’s dividend payout ratio is currently 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.