Russel Metals (RUS) Set to Announce Earnings on Wednesday

Russel Metals (TSE:RUS) is set to announce its earnings results after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of C$0.66 per share for the quarter.

Russel Metals Price Performance

RUS stock opened at C$39.05 on Tuesday. The firm’s 50-day moving average price is C$39.20 and its two-hundred day moving average price is C$38.66. The stock has a market capitalization of C$2.29 billion, a price-to-earnings ratio of 11.50, 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. Russel Metals has a 12-month low of C$35.20 and a 12-month high of C$47.39.

Russel Metals Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Monday, September 16th were given a dividend of $0.42 per share. The ex-dividend date of this dividend was Wednesday, August 28th. This represents a $1.68 annualized dividend and a dividend yield of 4.30%. Russel Metals’s dividend payout ratio is presently 48.98%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. TD Securities raised Russel Metals from a “hold” rating to a “buy” rating and boosted their target price for the stock from C$44.00 to C$46.00 in a research report on Monday, September 16th. National Bankshares decreased their price target on shares of Russel Metals from C$47.00 to C$46.00 and set an “outperform” rating for the company in a research note on Friday, August 2nd. BMO Capital Markets lowered their target price on Russel Metals from C$46.00 to C$45.00 in a report on Wednesday, July 24th. Finally, Stifel Nicolaus dropped their target price on Russel Metals from C$55.00 to C$52.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Russel Metals currently has a consensus rating of “Moderate Buy” and an average target price of C$46.93.

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.