Analysts Set Expectations for Russel Metals Q4 Earnings

Russel Metals Inc. (TSE:RUS) – Equities researchers at Stifel Canada lowered their Q4 2024 EPS estimates for Russel Metals in a report issued on Sunday, February 2nd. Stifel Canada analyst I. Gillies now forecasts that the company will earn $0.48 per share for the quarter, down from their prior estimate of $0.66. Stifel Canada also issued estimates for Russel Metals’ Q1 2025 earnings at $0.73 EPS, Q2 2025 earnings at $0.95 EPS, Q3 2025 earnings at $0.99 EPS, Q4 2025 earnings at $0.91 EPS and FY2025 earnings at $3.58 EPS.

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 the consensus estimate 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 during the quarter, compared to analysts’ expectations of C$1.06 billion.

A number of other research analysts also recently weighed in on RUS. Stifel Nicolaus lowered their price target on Russel Metals from C$57.00 to C$55.00 in a report on Monday. Raymond James lifted their target price on Russel Metals from C$50.00 to C$56.00 in a research note on Wednesday, November 13th. TD Securities raised their price target on shares of Russel Metals from C$46.00 to C$50.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Finally, Royal Bank of Canada raised shares of Russel Metals from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from C$45.00 to C$51.00 in a research report on Tuesday, November 26th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$50.21.

Russel Metals Trading Up 1.5 %

TSE RUS opened at C$41.00 on Wednesday. The firm’s 50 day moving average price is C$42.62 and its two-hundred day moving average price is C$40.62. The company has a debt-to-equity ratio of 16.88, a quick ratio of 1.44 and a current ratio of 3.85. Russel Metals has a twelve month low of C$35.20 and a twelve month high of C$47.39. The stock has a market cap of C$2.41 billion, a price-to-earnings ratio of 11.95, a PEG ratio of 0.59 and a beta of 1.52.

Russel Metals Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 16th were given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 4.10%. The ex-dividend date was Wednesday, November 27th. Russel Metals’s 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.