Analysts Offer Predictions for Russel Metals FY2027 Earnings

Key Points

• Scotiabank raised its FY2027 EPS estimate for Russel Metals to $3.32 (from $3.16) and maintains an "Outperform" rating with a $54.00 price target.
• Several other analysts have lifted price targets recently, leaving a MarketBeat consensus of "Moderate Buy" with a consensus price target of C$53.58.
• Russel Metals shares opened at C$50.60 with a market cap of C$2.78 billion and a PE of 16.81; the company reported C$0.55 EPS and C$1.09 billion revenue for the most recent quarter.

Russel Metals Inc. (TSE:RUS - Free Report) - Scotiabank boosted their FY2027 earnings per share (EPS) estimates for Russel Metals in a research report issued to clients and investors on Friday, April 10th. Scotiabank analyst J. Goldman now expects that the company will post earnings per share of $3.32 for the year, up from their previous forecast of $3.16. Scotiabank has a "Outperform" rating and a $54.00 price target on the stock.

Other analysts have also issued research reports about the stock. Stifel Nicolaus raised their price target on shares of Russel Metals from C$49.00 to C$50.50 and gave the company a "hold" rating in a research report on Friday, February 13th. Royal Bank Of Canada raised their price objective on Russel Metals from C$51.00 to C$55.00 and gave the company an "outperform" rating in a report on Friday, February 13th. TD Securities raised their price objective on Russel Metals from C$50.00 to C$57.00 and gave the company a "buy" rating in a report on Friday, February 13th. Finally, National Bank Financial dropped their price objective on Russel Metals from C$56.00 to C$51.00 and set a "sector perform" rating on the stock in a report on Wednesday, April 8th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of C$53.58.

Russel Metals Price Performance

RUS stock opened at C$50.60 on Monday. The firm has a market cap of C$2.78 billion, a PE ratio of 16.81, a P/E/G ratio of 0.59 and a beta of 0.87. The company has a debt-to-equity ratio of 30.44, a quick ratio of 1.44 and a current ratio of 3.06. The firm's fifty day moving average is C$48.09 and its 200 day moving average is C$44.71. Russel Metals has a one year low of C$36.22 and a one year high of C$53.37.

Russel Metals (TSE:RUS - Get Free Report) last posted its earnings results on Wednesday, February 11th. The company reported C$0.55 EPS for the quarter. The firm had revenue of C$1.09 billion for the quarter. Russel Metals had a return on equity of 10.44% and a net margin of 3.64%.

Russel Metals Company Profile

Russel Metals is one of the largest metals distribution companies in North America with a growing focus on value-added processing. It carries on business in three segments: metals service centers, energy field stores and steel distributors. Its network of metals service centers carries an extensive line of metal products in a wide range of sizes, shapes and specifications, including carbon hot rolled and cold finished steel, pipe and tubular products, stainless steel, aluminum and other non-ferrous specialty metals.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.