Brokers Set Expectations for Russel Metals FY2025 Earnings

Russel Metals Inc. (TSE:RUS) – Equities researchers at National Bank Financial cut their FY2025 earnings per share (EPS) estimates for shares of Russel Metals in a report released on Wednesday, January 22nd. National Bank Financial analyst M. Sytchev now anticipates that the company will post earnings of $4.01 per share for the year, down from their previous forecast of $4.07.

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

Russel Metals Trading Up 0.9 %

Shares of RUS stock opened at C$42.70 on Monday. The company has a market capitalization of C$2.51 billion, a price-to-earnings ratio of 12.45, a PEG ratio of 0.59 and a beta of 1.52. 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 firm has a 50-day moving average price of C$42.91 and a 200 day moving average price of C$40.34. Russel Metals has a twelve month low of C$35.20 and a twelve month high of C$47.39.

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

Russel Metals Dividend Announcement

The business also recently disclosed 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. The ex-dividend date was Wednesday, November 27th. This represents a $1.68 annualized dividend and a dividend yield of 3.93%. Russel Metals’s dividend payout ratio is presently 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.