Q3 2024 Earnings Estimate for Russel Metals Inc. (TSE:RUS) Issued By Raymond James

Russel Metals Inc. (TSE:RUS) – Investment analysts at Raymond James decreased their Q3 2024 earnings per share estimates for shares of Russel Metals in a research note issued to investors on Tuesday, April 16th. Raymond James analyst F. Bastien now anticipates that the company will earn $1.10 per share for the quarter, down from their previous estimate of $1.20. Raymond James 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.

RUS has been the subject of several other reports. TD Securities raised their target price on Russel Metals from C$43.00 to C$48.00 and gave the company a “hold” rating in a research note on Monday, February 12th. BMO Capital Markets raised their target price on Russel Metals from C$44.00 to C$46.00 and gave the company an “outperform” rating in a research note on Friday, February 9th. Stifel Nicolaus lowered their target price on Russel Metals from C$55.50 to C$54.00 and set a “buy” rating for the company in a research note on Friday. Finally, Scotiabank lowered their target price on Russel Metals from C$50.00 to C$48.50 and set a “sector perform” rating for the company in a research note on Wednesday. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Russel Metals presently has a consensus rating of “Moderate Buy” and an average target price of C$48.07.

Russel Metals Stock Down 0.7 %

Shares of Russel Metals stock opened at C$39.36 on Friday. The business has a 50-day moving average of C$43.88 and a 200-day moving average of C$41.59. The company has a debt-to-equity ratio of 25.76, a current ratio of 4.14 and a quick ratio of 1.44. The company has a market capitalization of C$2.38 billion, a PE ratio of 9.09, a P/E/G ratio of 0.59 and a beta of 1.54. Russel Metals has a 1-year low of C$33.18 and a 1-year high of C$47.39.

Russel Metals (TSE:RUS) last announced its quarterly earnings results on Thursday, February 8th. The company reported C$0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.72 by C$0.06. The firm had revenue of C$1.02 billion during the quarter, compared to the consensus estimate of C$1.06 billion. Russel Metals had a return on equity of 16.67% and a net margin of 5.92%.

Russel Metals Announces Dividend

The business 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 annualized dividend and a dividend yield of 4.07%. 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.