Russel Metals Q2 EPS Reduced by Raymond James Financial

Russel Metals Inc. (TSE:RUS) – Equities researchers at Raymond James Financial dropped their Q2 2026 earnings estimates for Russel Metals in a research note issued on Tuesday, September 30th. Raymond James Financial analyst F. Bastien now expects that the company will post earnings per share of $1.15 for the quarter, down from their prior forecast of $1.20. Raymond James Financial currently has a “Outperform” rating and a $54.00 price target on the stock. Raymond James Financial also issued estimates for Russel Metals’ FY2026 earnings at $4.20 EPS.

Several other analysts also recently commented on the stock. Stifel Nicolaus reduced their target price on shares of Russel Metals from C$49.00 to C$48.00 and set a “buy” rating for the company in a report on Friday, September 19th. TD Securities reduced their price objective on Russel Metals from C$52.00 to C$50.00 and set a “buy” rating for the company in a report on Monday, August 11th. Five research analysts have rated the stock with a Buy rating, According to MarketBeat, Russel Metals has an average rating of “Buy” and a consensus target price of C$51.60.

Russel Metals Stock Up 0.1%

Russel Metals stock opened at C$41.80 on Wednesday. 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 company’s 50-day moving average is C$41.71 and its 200-day moving average is C$41.45. The firm has a market capitalization of C$2.34 billion, a PE ratio of 14.46, a P/E/G ratio of 0.59 and a beta of 1.22. Russel Metals has a fifty-two week low of C$34.62 and a fifty-two week high of C$46.87.

Russel Metals Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Monday, September 15th were issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend was Thursday, August 28th. Russel Metals’s dividend payout ratio is 58.48%.

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.