FY2024 EPS Estimates for Russel Metals Reduced by Analyst

Russel Metals Inc. (TSE:RUS) – Stifel Canada decreased their FY2024 earnings per share estimates for Russel Metals in a report released on Sunday, February 2nd. Stifel Canada analyst I. Gillies now expects that the company will post earnings of $2.73 per share for the year, down from their previous estimate of $2.91. Stifel Canada also issued estimates for Russel Metals’ Q1 2026 earnings at $1.02 EPS, Q2 2026 earnings at $1.07 EPS, Q3 2026 earnings at $1.03 EPS, Q4 2026 earnings at $0.93 EPS and FY2026 earnings at $4.04 EPS.

Russel Metals (TSE:RUS) last issued its 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). The business had revenue of C$1.09 billion during the quarter, compared to analyst estimates of C$1.06 billion. Russel Metals had a net margin of 4.87% and a return on equity of 12.67%.

Other equities research analysts have also issued reports about the company. TD Securities upped their price target 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 raised Russel Metals from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from C$45.00 to C$51.00 in a research note on Tuesday, November 26th. Raymond James boosted their price target on shares of Russel Metals from C$50.00 to C$56.00 in a research report on Wednesday, November 13th. Finally, Stifel Nicolaus cut their price objective on shares of Russel Metals from C$57.00 to C$55.00 in a research report on Monday. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Russel Metals currently has an average rating of “Moderate Buy” and an average target price of C$50.21.

Russel Metals Stock Down 1.7 %

Shares of TSE RUS opened at C$40.40 on Tuesday. The stock has a market cap of C$2.37 billion, a PE ratio of 11.78, a P/E/G 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. Russel Metals has a 12-month low of C$35.20 and a 12-month high of C$47.39. The company has a 50-day moving average of C$42.68 and a 200 day moving average of C$40.59.

Russel Metals Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 16th were given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.16%. The ex-dividend date was Wednesday, November 27th. Russel Metals’s dividend payout ratio is presently 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.