Scotiabank Estimates Russel Metals FY2027 Earnings

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

Several other equities analysts also recently commented on the company. National Bank Financial downgraded Russel Metals from an “outperform” rating to a “hold” rating and increased their price target for the company from C$54.00 to C$56.00 in a report on Friday, February 13th. Royal Bank Of Canada upped their price objective on shares of Russel Metals from C$51.00 to C$55.00 and gave the stock an “outperform” rating in a report on Friday, February 13th. Stifel Nicolaus raised their target price on shares of Russel Metals from C$49.00 to C$50.50 and gave the company a “hold” rating in a research note on Friday, February 13th. Finally, TD Securities boosted their target price on shares of 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 analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$54.42.

Russel Metals Stock Down 0.5%

Shares of RUS stock opened at C$47.50 on Friday. The stock’s 50 day simple moving average is C$46.63 and its 200 day simple moving average is C$43.09. Russel Metals has a twelve month low of C$34.62 and a twelve month high of C$53.37. 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 company has a market capitalization of C$2.62 billion, a price-to-earnings ratio of 15.78, a PEG ratio of 0.59 and a beta of 1.06.

Russel Metals Announces Dividend

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