Q3 2024 EPS Estimates for Russel Metals Inc. (TSE:RUS) Reduced by Analyst

Russel Metals Inc. (TSE:RUS - Free Report) - Analysts at Raymond James lowered their Q3 2024 EPS estimates for shares of Russel Metals in a research report issued to clients and investors on Tuesday, April 16th. Raymond James analyst F. Bastien now forecasts that the company will post earnings of $1.10 per share for the quarter, down from their prior estimate of $1.20. Raymond James currently has a "Outperform" rating and a $48.00 price target on the stock. The consensus estimate for Russel Metals' current full-year earnings is $3.77 per share.

Other equities research analysts have also recently issued research reports about the stock. BMO Capital Markets boosted their target price on shares of Russel Metals from C$44.00 to C$46.00 and gave the company an "outperform" rating in a report on Friday, February 9th. TD Securities boosted their target price on shares of Russel Metals from C$43.00 to C$48.00 and gave the company a "hold" rating in a report on Monday, February 12th. Scotiabank lowered their target price on shares of Russel Metals from C$50.00 to C$48.50 and set a "sector perform" rating on the stock in a report on Wednesday. Finally, Stifel Nicolaus lowered their target price on shares of Russel Metals from C$55.50 to C$54.00 and set a "buy" rating on the stock in a report on Friday. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of C$48.07.

Russel Metals Stock Performance

RUS stock traded down C$0.27 during midday trading on Friday, reaching C$39.36. 85,691 shares of the company's stock traded hands, compared to its average volume of 178,490. The company has a 50-day moving average price of C$43.88 and a two-hundred day moving average price of C$41.59. The company has a debt-to-equity ratio of 25.76, a quick ratio of 1.44 and a current ratio of 4.14. Russel Metals has a 52 week low of C$33.18 and a 52 week high of C$47.39. The firm has a market capitalization of C$2.38 billion, a PE ratio of 9.09, a price-to-earnings-growth ratio of 0.59 and a beta of 1.54.

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

Russel Metals Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.07%. Russel Metals's dividend payout ratio (DPR) is currently 36.95%.

About Russel Metals

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.