Russel Metals Stock Earnings Estimates Lifted by Scotiabank

Key Points

• Scotiabank raised its FY2027 EPS estimate for Russel Metals to C$4.69 from C$4.54, while maintaining a “Sector Outperform” rating and C$113 price target.
• Analyst sentiment remains generally positive, with five Buy ratings and three Holds producing a consensus “Moderate Buy” rating and an average price target of C$81.22.
• Russel Metals shares opened at C$91.88, near their 12-month high of C$95.97; the company also pays a quarterly dividend of C$0.44 per share, equivalent to a 1.9% annualized yield.

Russel Metals Inc. (TSE:RUS - Free Report) - Scotiabank increased their FY2027 earnings per share (EPS) estimates for Russel Metals in a research report issued to clients and investors on Tuesday, October 13th. Scotiabank analyst J. Goldman now expects that the company will earn $4.69 per share for the year, up from their previous forecast of $4.54. Scotiabank has a "Sector Outperform" rating and a $113.00 price target on the stock.

RUS has been the subject of several other reports. Royal Bank Of Canada increased their price target on shares of Russel Metals from C$92.00 to C$107.00 in a research note 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 report on Monday, August 10th. Raymond James Financial cut 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 report on Monday, August 10th. TD set a C$94.00 price objective on shares of Russel Metals and gave the stock a "buy" rating in a research note on Monday, September 21st. Finally, National Bank Financial upped their price objective on shares of Russel Metals from C$57.00 to C$75.00 and gave the stock a "sector perform" rating in a report on Monday, August 10th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Russel Metals has a consensus rating of "Moderate Buy" and an average target price of C$81.22.

Russel Metals Stock Performance

Shares of RUS stock opened at C$91.88 on Thursday. Russel Metals has a 12 month low of C$39.09 and a 12 month high of C$95.97. The stock has a market cap of C$5.04 billion, a PE ratio of 23.44, a price-to-earnings-growth ratio of 0.59 and a beta of 0.95. The company has a current ratio of 2.61, a quick ratio of 1.44 and a debt-to-equity ratio of 27.88. The company's fifty day moving average price is C$80.63 and its 200-day moving average price is C$66.78.

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

Russel Metals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 15th were given a dividend of $0.44 per share. 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 Buying and Selling at Russel Metals

In other Russel Metals news, Director Brian Robie Hedges sold 25,000 shares of the business's stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of C$81.54, for a total value of C$2,038,500.00. Also, Director James Francis Dinning sold 3,000 shares of the stock in a transaction on Thursday, August 13th. The stock was sold at an average price of C$80.00, for a total value of C$240,000.00. Following the completion of the sale, the director directly owned 16,250 shares in the company, valued at approximately C$1,300,000. This represents a 15.58% decrease in their ownership of the stock. Over the last 90 days, insiders sold 33,682 shares of company stock worth $2,735,333. 0.85% of the stock is owned by insiders.

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.

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