FY2025 EPS Estimates for Russel Metals Lowered by Analyst

Russel Metals Inc. (TSE:RUS) – Equities research analysts at Stifel Canada dropped their FY2025 earnings estimates for Russel Metals in a research report issued on Wednesday, May 7th. Stifel Canada analyst I. Gillies now forecasts that the company will post earnings of $3.51 per share for the year, down from their prior estimate of $3.68. Stifel Canada also issued estimates for Russel Metals’ FY2026 earnings at $3.66 EPS.

A number of other equities analysts also recently commented on the company. TD Securities boosted their price objective on Russel Metals from C$50.00 to C$52.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Stifel Nicolaus reduced their price objective 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. Finally, National Bankshares lowered their target price on shares of Russel Metals from C$58.00 to C$55.00 and set an “outperform” rating for the company in a research note on Wednesday, April 9th.

Russel Metals Price Performance

Shares of RUS stock opened at C$39.45 on Friday. The firm has a market cap of C$2.26 billion, a P/E ratio of 12.71, a P/E/G ratio of 0.59 and a beta of 1.52. The firm has a fifty day moving average of C$39.06 and a two-hundred day moving average of C$41.03. The company has a debt-to-equity ratio of 20.28, a current ratio of 3.37 and a quick ratio of 1.44. Russel Metals has a 1-year low of C$34.62 and a 1-year high of C$46.87.

Insider Transactions at Russel Metals

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

Russel Metals Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 16th will be given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 4.36%. The ex-dividend date is Thursday, May 29th. This is a positive change from Russel Metals’s previous quarterly dividend of $0.42. Russel Metals’s payout ratio is 54.12%.

Russel Metals Company Profile

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.