FY2026 EPS Estimates for Russel Metals Boosted by Scotiabank

Key Points

• Scotiabank raised FY2026 EPS for Russel Metals to $3.43 (from $3.37) and maintains an Outperform rating with a $54.00 price target.
• Analyst consensus remains cautiously positive with a "Moderate Buy" average rating, four Buy and two Hold recommendations, and an average price target of C$53.58.
• Russel Metals recently reported quarterly EPS of C$0.55 on C$1.09 billion revenue; the stock trades around C$50.65 with a market cap of C$2.79 billion and a P/E of 16.83.

Russel Metals Inc. (TSE:RUS - Free Report) - Scotiabank upped their FY2026 earnings per share estimates for shares of Russel Metals in a research note issued to investors on Friday, April 10th. Scotiabank analyst J. Goldman now expects that the company will earn $3.43 per share for the year, up from their prior estimate of $3.37. Scotiabank has a "Outperform" rating and a $54.00 price target on the stock.

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

RUS has been the subject of a number of other research reports. Stifel Nicolaus upped their price target on Russel Metals from C$49.00 to C$50.50 and gave the stock a "hold" rating in a report on Friday, February 13th. National Bank Financial reduced their price target on Russel Metals from C$56.00 to C$51.00 and set a "sector perform" rating for the company in a report on Wednesday, April 8th. TD Securities increased their target price 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, Royal Bank Of Canada increased their target price 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. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Russel Metals currently has an average rating of "Moderate Buy" and an average price target of C$53.58.

Russel Metals Stock Performance

TSE RUS opened at C$50.65 on Tuesday. The stock has a market capitalization of C$2.79 billion, a price-to-earnings ratio of 16.83, a PEG ratio of 0.59 and a beta of 0.87. Russel Metals has a twelve month low of C$37.75 and a twelve month high of C$53.37. The company has a current ratio of 3.06, a quick ratio of 1.44 and a debt-to-equity ratio of 30.44. The stock has a 50-day moving average of C$48.12 and a 200 day moving average of C$44.79.

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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