Stifel Canada Decreases Earnings Estimates for Russel Metals

Russel Metals Inc. (TSE:RUS) – Research analysts at Stifel Canada decreased their FY2024 EPS estimates for Russel Metals in a research report issued on Thursday, November 7th. Stifel Canada analyst I. Gillies now expects that the company will earn $2.93 per share for the year, down from their previous estimate of $3.05. Stifel Canada also issued estimates for Russel Metals’ Q2 2025 earnings at $1.04 EPS, Q3 2025 earnings at $0.98 EPS, Q4 2025 earnings at $0.92 EPS and FY2025 earnings at $3.92 EPS.

Russel Metals (TSE:RUS) last released its quarterly 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). Russel Metals had a return on equity of 12.67% and a net margin of 4.87%. The business had revenue of C$1.09 billion for the quarter, compared to the consensus estimate of C$1.06 billion.

Several other research analysts also recently issued reports on the stock. Stifel Nicolaus reduced their price target on shares of Russel Metals from C$55.00 to C$52.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. TD Securities upped their target price on shares of Russel Metals from C$46.00 to C$50.00 and gave the stock a “buy” rating in a research report on Tuesday. National Bankshares lowered 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 report on Friday, August 2nd. Royal Bank of Canada boosted their price objective on shares of Russel Metals from C$43.00 to C$45.00 in a research report on Friday, November 8th. Finally, BMO Capital Markets decreased their price objective on Russel Metals from C$46.00 to C$45.00 in a research report on Wednesday, July 24th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$47.79.

Russel Metals Price Performance

Shares of RUS stock opened at C$42.84 on Monday. Russel Metals has a 52 week low of C$35.20 and a 52 week high of C$47.39. The stock has a market capitalization of C$2.51 billion, a PE ratio of 12.49, a PEG ratio of 0.59 and a beta of 1.52. The company has a debt-to-equity ratio of 16.88, a quick ratio of 1.44 and a current ratio of 3.85. The stock’s fifty day moving average is C$39.75 and its 200-day moving average is C$38.73.

Russel Metals Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Wednesday, November 27th will be given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 3.92%. The ex-dividend date is Wednesday, November 27th. Russel Metals’s payout ratio is 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.