Russel Metals Q3 EPS Estimate Cut by Raymond James Financial

Russel Metals Inc. (TSE:RUS) – Stock analysts at Raymond James Financial reduced their Q3 2026 earnings per share (EPS) estimates for Russel Metals in a report issued on Tuesday, June 17th. Raymond James Financial analyst F. Bastien now anticipates that the company will post earnings of $1.15 per share for the quarter, down from their prior forecast of $1.23.

Other equities analysts have also recently issued research reports about the company. National Bankshares cut their price objective on Russel Metals from C$58.00 to C$55.00 and set an “outperform” rating for the company in a research report on Wednesday, April 9th. Stifel Nicolaus lowered their price target on Russel Metals from C$54.00 to C$53.00 and set a “buy” rating on the stock in a research note on Thursday, May 8th.

Russel Metals Price Performance

TSE RUS opened at C$42.21 on Thursday. Russel Metals has a twelve month low of C$34.62 and a twelve month high of C$46.87. The company has a debt-to-equity ratio of 20.28, a quick ratio of 1.44 and a current ratio of 3.37. The stock has a market capitalization of C$2.42 billion, a PE ratio of 13.60, a P/E/G ratio of 0.59 and a beta of 1.52. The stock has a 50-day simple moving average of C$41.09 and a 200 day simple moving average of C$41.14.

Russel Metals Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 16th were paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 4.07%. This is a positive change from Russel Metals’s previous quarterly dividend of $0.42. The ex-dividend date was Thursday, May 29th. Russel Metals’s payout ratio is currently 54.12%.

About Russel Metals

Russel Metals Inc is a Canada-based metal distribution company. The company conducts business primarily through three metals distribution segments: metals service centers; energy products; and steel distributors. The metal service centers provide processing and distribution services to a broad base of end-users.