FY2025 EPS Forecast for Russel Metals Boosted by Analyst

Russel Metals Inc. (TSE:RUS) – Investment analysts at Stifel Canada lifted their FY2025 earnings per share (EPS) estimates for shares of Russel Metals in a note issued to investors on Thursday, February 20th. Stifel Canada analyst I. Gillies now expects that the company will post earnings of $4.41 per share for the year, up from their previous forecast of $4.38.

RUS has been the topic of a number of other reports. Raymond James upped their target price on shares of Russel Metals from C$50.00 to C$56.00 in a research note on Wednesday, November 13th. Stifel Nicolaus boosted their price target on shares of Russel Metals from C$55.50 to C$60.00 in a report on Friday, February 14th. TD Securities raised their price objective on shares of Russel Metals from C$50.00 to C$52.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Finally, Royal Bank of Canada raised shares of Russel Metals from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from C$45.00 to C$51.00 in a research report on Tuesday, November 26th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Russel Metals currently has a consensus rating of “Moderate Buy” and an average price target of C$51.21.

Russel Metals Price Performance

RUS stock opened at C$41.38 on Monday. The business’s 50-day moving average is C$41.69 and its two-hundred day moving average is C$40.91. The company has a debt-to-equity ratio of 20.28, a current ratio of 3.37 and a quick ratio of 1.44. The firm has a market capitalization of C$2.37 billion, a P/E ratio of 13.33, a P/E/G ratio of 0.59 and a beta of 1.52. Russel Metals has a 1 year low of C$35.20 and a 1 year high of C$46.87.

Russel Metals Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 17th will be issued a dividend of $0.42 per share. The ex-dividend date is Friday, February 28th. This represents a $1.68 dividend on an annualized basis and a yield of 4.06%. Russel Metals’s payout ratio is currently 54.12%.

Insider Transactions at Russel Metals

In other Russel Metals news, Director Brian Robie Hedges sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of C$42.32, for a total transaction of C$211,600.00. Insiders own 0.85% of the company’s stock.

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.