National Bank Financial Analysts Lower Earnings Estimates for Russel Metals Inc. (TSE:RUS)

Russel Metals Inc. (TSE:RUS - Free Report) - National Bank Financial lowered their FY2024 earnings per share (EPS) estimates for Russel Metals in a research note issued on Tuesday, April 9th. National Bank Financial analyst M. Sytchev now anticipates that the company will earn $3.63 per share for the year, down from their prior forecast of $3.94. The consensus estimate for Russel Metals' current full-year earnings is $3.77 per share. National Bank Financial also issued estimates for Russel Metals' FY2025 earnings at $3.96 EPS.

A number of other research firms have also weighed in on RUS. Royal Bank of Canada upped their target price on Russel Metals from C$42.00 to C$47.00 in a report on Tuesday, December 19th. Raymond James increased their price objective on Russel Metals from C$47.00 to C$50.00 in a report on Wednesday, December 20th. TD Securities increased their price objective on Russel Metals from C$43.00 to C$48.00 and gave the company a "hold" rating in a report on Monday, February 12th. Stifel Nicolaus decreased their price objective on Russel Metals from C$56.00 to C$55.50 in a report on Wednesday, March 13th. Finally, BMO Capital Markets increased their price objective on Russel Metals from C$44.00 to C$46.00 and gave the company an "outperform" rating in a report on Friday, February 9th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, Russel Metals has a consensus rating of "Moderate Buy" and a consensus price target of C$48.79.

Russel Metals Stock Up 0.1 %

Russel Metals stock traded up C$0.03 during mid-day trading on Friday, reaching C$40.86. 134,761 shares of the company were exchanged, compared to its average volume of 181,449. The business has a fifty day moving average of C$44.40 and a 200 day moving average of C$41.51. The company has a debt-to-equity ratio of 25.76, a quick ratio of 1.44 and a current ratio of 4.14. The firm has a market cap of C$2.47 billion, a P/E ratio of 9.44, a PEG ratio of 0.59 and a beta of 1.54. Russel Metals has a 12-month low of C$32.34 and a 12-month high of C$47.39.

Russel Metals (TSE:RUS - Get Free Report) last posted its earnings results on Thursday, February 8th. The company reported C$0.78 earnings per share for the quarter, topping analysts' consensus estimates of C$0.72 by C$0.06. The company had revenue of C$1.02 billion during the quarter, compared to analyst estimates of C$1.06 billion. Russel Metals had a return on equity of 16.67% and a net margin of 5.92%.

Russel Metals Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 3.92%. The ex-dividend date was Wednesday, February 28th. Russel Metals's payout ratio is 36.95%.

Russel Metals Company Profile

Russel Metals Inc operates as a metal distribution and processing company in Canada and the United States. It operates in three segments: Metals Service Centers, Energy Field Stores, and Steel Distribution. The Metal Service Centers segment operates a network of metals service centers, which provide metal products in range of sizes, shapes, and specifications, including carbon hot rolled and cold finished steel, pipe and tubular, stainless steel, aluminum, and other non-ferrous specialty metal products.