Russel Metals (RUS) Set to Announce Earnings on Wednesday

Russel Metals (TSE:RUS) is set to issue its quarterly earnings data after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of C$0.98 per share for the quarter.

Russel Metals (TSE:RUS) last issued its quarterly earnings data 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. Russel Metals had a return on equity of 16.67% and a net margin of 5.92%. The business had revenue of C$1.02 billion for the quarter, compared to the consensus estimate of C$1.06 billion.

Russel Metals Stock Up 0.2 %

Shares of TSE:RUS opened at C$39.86 on Wednesday. The company has a quick ratio of 1.44, a current ratio of 4.14 and a debt-to-equity ratio of 25.76. Russel Metals has a 52-week low of C$33.38 and a 52-week high of C$47.39. The stock’s fifty day simple moving average is C$43.70 and its 200-day simple moving average is C$41.71. The company has a market capitalization of C$2.41 billion, a P/E ratio of 9.21, a P/E/G ratio of 0.59 and a beta of 1.54.

Russel Metals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were given a $0.40 dividend. The ex-dividend date was Wednesday, February 28th. This represents a $1.60 annualized dividend and a dividend yield of 4.01%. Russel Metals’s dividend payout ratio is currently 36.95%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on RUS shares. Scotiabank reduced their target price on Russel Metals from C$50.00 to C$48.50 and set a “sector perform” rating on the stock in a research report on Wednesday, April 17th. Stifel Nicolaus reduced their target price on Russel Metals from C$55.50 to C$54.00 and set a “buy” rating on the stock in a research report on Friday, April 19th. TD Securities increased their target price on Russel Metals from C$43.00 to C$48.00 and gave the stock a “hold” rating in a research report on Monday, February 12th. BMO Capital Markets raised their price objective on Russel Metals from C$44.00 to C$46.00 and gave the stock an “outperform” rating in a report on Friday, February 9th. Finally, Raymond James cut their price objective on Russel Metals from C$52.00 to C$48.00 and set an “outperform” rating on the stock in a report on Wednesday, April 17th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$48.07.

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.