Scotiabank Weighs in on Russel Metals FY2027 Earnings

Russel Metals Inc. (TSE:RUS) – Analysts at Scotiabank issued their FY2027 EPS estimates for shares of Russel Metals in a research note issued to investors on Thursday, February 19th. Scotiabank analyst J. Goldman anticipates that the company will post earnings per share of $3.16 for the year. Scotiabank has a “Outperform” rating and a $54.00 price target on the stock.

RUS has been the topic of several other research reports. Royal Bank Of Canada upped their price target on Russel Metals from C$51.00 to C$55.00 and gave the stock an “outperform” rating in a research note on Friday, February 13th. Stifel Nicolaus boosted their target price on Russel Metals from C$49.00 to C$50.50 and gave the stock a “hold” rating in a report on Friday, February 13th. National Bank Financial downgraded Russel Metals from an “outperform” rating to a “hold” rating and raised their price target for the company from C$54.00 to C$56.00 in a report on Friday, February 13th. Finally, TD Securities lifted their price target on Russel Metals from C$50.00 to C$57.00 and gave the stock a “buy” rating in a research report on Friday, February 13th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$54.42.

Russel Metals Price Performance

Shares of TSE RUS opened at C$47.50 on Friday. The company has a 50 day simple moving average of C$46.63 and a two-hundred day simple moving average of C$43.09. Russel Metals has a fifty-two week low of C$34.62 and a fifty-two week high of C$53.37. The company has a market capitalization of C$2.62 billion, a price-to-earnings ratio of 15.78, a P/E/G ratio of 0.59 and a beta of 1.06. The company has a debt-to-equity ratio of 20.28, a quick ratio of 1.44 and a current ratio of 3.37.

Russel Metals Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 15th were given a dividend of $0.43 per share. The ex-dividend date of this dividend was Thursday, November 27th. This represents a $1.72 annualized dividend and a dividend yield of 3.6%. Russel Metals’s dividend payout ratio (DPR) is 56.81%.

About Russel Metals

Russel Metals is one of the largest metals distribution companies in North America with a growing focus on value-added processing. It carries on business in three segments: metals service centers, energy field stores and steel distributors. Its network of metals service centers carries an extensive line of metal products in a wide range of sizes, shapes and specifications, including carbon hot rolled and cold finished steel, pipe and tubular products, stainless steel, aluminum and other non-ferrous specialty metals.