FY2026 EPS Estimates for Russel Metals Boosted by Scotiabank

Key Points

• Scotiabank raised its FY2026 EPS estimate for Russel Metals to C$4.67 from C$3.78 and maintained a “Sector Outperform” rating with an C$89 price target. The bank projects FY2027 EPS of C$4.54.
• Russel Metals reported quarterly EPS of C$1.63 on revenue of C$1.66 billion, with a 4.04% net margin and 13.09% return on equity. Analyst sentiment is broadly positive, with a “Moderate Buy” consensus and an average target of C$76.89.
• The company declared a quarterly dividend of C$0.44, equivalent to C$1.76 annually and a 2.3% yield. Recent insider activity included a director buying 1,000 shares, while other insiders sold shares during the quarter.

Russel Metals Inc. (TSE:RUS - Free Report) - Analysts at Scotiabank raised their FY2026 EPS estimates for Russel Metals in a research report issued to clients and investors on Wednesday, August 19th. Scotiabank analyst J. Goldman now anticipates that the company will post earnings of $4.67 per share for the year, up from their previous forecast of $3.78. Scotiabank currently has a "Sector Outperform" rating and a $89.00 price objective on the stock. Scotiabank also issued estimates for Russel Metals' FY2027 earnings at $4.54 EPS.

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

RUS has been the subject of several other reports. Stifel Nicolaus raised their price objective on shares of Russel Metals from C$64.00 to C$85.00 and gave the stock a "hold" rating in a research report on Monday, August 10th. BMO Capital Markets upped their target price on Russel Metals from C$51.00 to C$56.00 in a research report on Wednesday, May 6th. National Bank Financial increased their target price on Russel Metals from C$57.00 to C$75.00 and gave the stock a "sector perform" rating in a research note on Monday, August 10th. Royal Bank Of Canada lifted their price target on Russel Metals from C$68.00 to C$92.00 and gave the stock an "outperform" rating in a report on Monday, August 10th. Finally, Raymond James Financial downgraded Russel Metals from a "moderate buy" rating to a "hold" rating and boosted their price target for the company from C$70.00 to C$82.00 in a research note on Monday, August 10th. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, Russel Metals has an average rating of "Moderate Buy" and an average price target of C$76.89.

Russel Metals Price Performance

Shares of RUS opened at C$75.56 on Monday. Russel Metals has a 52 week low of C$39.09 and a 52 week high of C$83.12. The firm has a market cap of C$4.15 billion, a P/E ratio of 19.28, a price-to-earnings-growth ratio of 0.59 and a beta of 1.21. The firm's 50-day simple moving average is C$68.16 and its 200 day simple moving average is C$57.82. The company has a debt-to-equity ratio of 27.88, a quick ratio of 1.44 and a current ratio of 2.61.

Insider Buying and Selling at Russel Metals

In related news, Director Brian Robie Hedges bought 1,000 shares of Russel Metals stock in a transaction dated Thursday, August 13th. The shares were bought at an average cost of C$80.48 per share, with a total value of C$80,480.00. Following the acquisition, the director owned 1,000 shares in the company, valued at C$80,480. This trade represents a ∞ increase in their position. Also, insider Martin Leb Juravsky sold 5,682 shares of the firm's stock in a transaction dated Friday, August 14th. The shares were sold at an average price of C$80.40, for a total transaction of C$456,832.80. Following the completion of the transaction, the insider directly owned 6,674 shares in the company, valued at approximately C$536,589.60. This represents a 45.99% decrease in their ownership of the stock. Insiders sold 63,682 shares of company stock valued at $4,614,808 in the last quarter. Company insiders own 0.85% of the company's stock.

Russel Metals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 15th will be issued a $0.44 dividend. The ex-dividend date of this dividend is Friday, August 28th. This represents a $1.76 dividend on an annualized basis and a yield of 2.3%. Russel Metals's payout ratio is currently 44.13%.

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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