Analysts Issue Forecasts for Russel Metals Q3 Earnings

Russel Metals Inc. (TSE:RUS - Free Report) - Analysts at Raymond James Financial lowered their Q3 2026 earnings per share (EPS) estimates for shares of Russel Metals in a research report issued to clients and investors on Tuesday, June 17th. Raymond James Financial analyst F. Bastien now expects that the company will post earnings per share of $1.15 for the quarter, down from their previous forecast of $1.23.

A number of other equities research analysts have also commented on the company. Stifel Nicolaus reduced their price target on Russel Metals from C$54.00 to C$53.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. National Bankshares reduced their target price on Russel Metals from C$58.00 to C$55.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th.

Russel Metals Stock Performance

Shares of Russel Metals stock opened at C$41.98 on Thursday. The stock has a market cap of C$2.41 billion, a price-to-earnings ratio of 13.52, a P/E/G ratio of 0.59 and a beta of 1.52. The company has a quick ratio of 1.44, a current ratio of 3.37 and a debt-to-equity ratio of 20.28. Russel Metals has a twelve month low of C$34.62 and a twelve month high of C$46.87. The company's fifty day moving average is C$40.97 and its 200 day moving average is C$41.13.

Russel Metals Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 16th were given a dividend of $0.43 per share. This is a positive change from Russel Metals's previous quarterly dividend of $0.42. The ex-dividend date was Thursday, May 29th. This represents a $1.72 annualized dividend and a dividend yield of 4.10%. Russel Metals's dividend payout ratio is presently 54.12%.

Russel Metals Company Profile

Russel Metals Inc is a Canada-based metal distribution company. The company conducts business primarily through three metals distribution segments: metals service centers; energy products; and steel distributors. The metal service centers provide processing and distribution services to a broad base of end-users.

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