Russel Metals FY2026 Earnings Forecast Lifted by Scotiabank

Key Points

• Scotiabank raised its FY2026 EPS forecast for Russel Metals to C$4.40 from C$4.31 and maintained a “Sector Outperform” rating with a C$113 price target.
• Analyst sentiment remains generally positive, with five Buy ratings and three Holds; the stock has a consensus rating of “Moderate Buy” and an average target price of C$84.11.
• Russel Metals recently paid a quarterly dividend of C$0.44, or C$1.76 annualized, representing a 1.9% yield, while insiders sold approximately C$2.74 million worth of shares during the latest quarter.

Russel Metals Inc. (TSE:RUS - Free Report) - Scotiabank lifted their FY2026 earnings per share (EPS) estimates for Russel Metals in a research note issued to investors on Tuesday, October 13th. Scotiabank analyst J. Goldman now forecasts that the company will post earnings of $4.40 per share for the year, up from their previous estimate of $4.31. Scotiabank has a "Sector Outperform" rating and a $113.00 price objective on the stock.

Other research analysts have also issued reports about the stock. National Bank Financial increased their target price on shares of Russel Metals from C$75.00 to C$101.00 and gave the stock a "sector perform" rating in a research note on Thursday. Royal Bank Of Canada raised their price target on shares of Russel Metals from C$92.00 to C$107.00 in a report on Wednesday, September 30th. Stifel Nicolaus lifted their price target on shares of Russel Metals from C$64.00 to C$85.00 and gave the company a "hold" rating in a research note on Monday, August 10th. Raymond James Financial downgraded shares of Russel Metals from a "moderate buy" rating to a "hold" rating and lifted their price target for the company from C$70.00 to C$82.00 in a research note on Monday, August 10th. Finally, TD set a C$94.00 price objective on shares of Russel Metals and gave the company a "buy" rating in a report on Monday, September 21st. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of C$84.11.

Russel Metals Stock Performance

Shares of RUS stock opened at C$91.51 on Friday. The firm has a 50 day moving average of C$81.06 and a 200-day moving average of C$67.10. The company has a market cap of C$5.02 billion, a price-to-earnings ratio of 23.34, a price-to-earnings-growth ratio of 0.59 and a beta of 0.95. The company has a quick ratio of 1.44, a current ratio of 2.61 and a debt-to-equity ratio of 27.88. Russel Metals has a 52 week low of C$39.09 and a 52 week high of C$95.97.

Russel Metals (TSE:RUS - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported C$1.63 earnings per share (EPS) for the quarter. The firm had revenue of C$1.66 billion for the quarter. Russel Metals had a return on equity of 13.09% and a net margin of 4.04%.

Russel Metals Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 15th were paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend was Friday, August 28th. Russel Metals's dividend payout ratio (DPR) is 44.13%.

Insider Activity

In other news, Director James Francis Dinning sold 3,000 shares of the company's stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of C$80.00, for a total transaction of C$240,000.00. Following the transaction, the director directly owned 16,250 shares of the company's stock, valued at C$1,300,000. This represents a 15.58% decrease in their ownership of the stock. Also, insider Martin Leb Juravsky sold 5,682 shares of the company's stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of C$80.40, for a total value of C$456,832.80. Following the transaction, the insider directly owned 6,674 shares in the company, valued at C$536,589.60. The trade was a 45.99% decrease in their ownership of the stock. Insiders sold a total of 33,682 shares of company stock worth $2,735,333 over the last quarter. 0.85% of the stock is currently owned by corporate insiders.

About Russel Metals

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.

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