Russel Metals FY2024 EPS Lowered by National Bank Financial

Russel Metals Inc. (TSE:RUS) – Equities research analysts at National Bank Financial cut their FY2024 EPS estimates for shares of Russel Metals in a research report issued to clients and investors on Wednesday, January 22nd. National Bank Financial analyst M. Sytchev now expects that the company will post earnings of $2.84 per share for the year, down from their previous estimate of $2.89. National Bank Financial also issued estimates for Russel Metals’ Q4 2024 earnings at $0.54 EPS, Q1 2025 earnings at $0.84 EPS, Q2 2025 earnings at $1.20 EPS, Q3 2025 earnings at $1.11 EPS and Q4 2025 earnings at $0.86 EPS.

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

Russel Metals Trading Up 0.9 %

Shares of RUS opened at C$42.70 on Friday. Russel Metals has a fifty-two week low of C$35.20 and a fifty-two week high of C$47.39. The stock has a fifty day moving average of C$42.91 and a two-hundred day moving average of C$40.34. 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 company has a market capitalization of C$2.51 billion, a PE ratio of 12.45, a price-to-earnings-growth ratio of 0.59 and a beta of 1.52.

Russel Metals (TSE:RUS) last announced its quarterly earnings data on Wednesday, November 6th. The company reported C$0.59 earnings per share (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 for the quarter, compared to analysts’ expectations of C$1.06 billion.

Russel Metals Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 16th were given a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 3.93%. The ex-dividend date of this dividend was Wednesday, November 27th. Russel Metals’s dividend payout ratio (DPR) 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.