Russell Metals Inc. (TSE: RUSSIAN – Free report) – Raymond James cut their FY2024 earnings per share (EPS) estimates for Russel Metals in a research report issued to clients and investors on Thursday, November 7th. Raymond James analyst F. Bastien now expects that the company will earn $3.05 per share for the year, down from their prior estimate of $3.15. Raymond James also issued estimates for Russel Metals Q4 2024 earnings at $0.62 EPS, Q2 2025 earnings at $1.23 EPS, Q3 2025 earnings at $1.16 EPS, Q4 2025 earnings at $0.86 USD EPS and FY2025 EPS at $4 e.

A number of other research analysts have also weighed in on RUS. National Bankshares decreased their price objective on Russel Metals from $47.00 to $46.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. Stifel Nicolaus decreased their price target on shares of Russel Metals from $55.00 to $52.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Royal Bank of Canada boosted their price objective on shares of Russel Metals from $43.00 to $45.00 in a research note on Friday. TD Securities upgraded shares of Russel Metals from a “hold” rating to a “buy” rating and upped their target price for the stock from $44.00 to $46.00 in a research note on Monday. , September 16. Finally, BMO Capital Markets cut their price target on shares of Russel Metals from $46.00 to $45.00 in a research report on Wednesday, July 24th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $47.21.

Read our latest analysis of RUS

Russel Metals Price Performance

Russian stock opened on Monday at $42.20. The company has a debt-to-equity ratio of 16.88, a quick ratio of 1.44, and a current ratio of 3.85. The firm has a 50-day moving average price of $39.54 and a 200-day moving average price of $38.68. Russel Metals has a 52-week low of $35.20 and a 52-week high of $47.39. The firm has a market cap of $2.48 billion, a price-to-earnings ratio of 12.30, a PEG ratio of 0.59 and a beta of 1.52.

Russell Metals (TSE: RUSSIAN – Get a free report) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by C($0.02). Russel Metals had a return on equity of 12.67% and a net margin of 4.87%. The business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.06 billion.

Russel Metals Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Wednesday, November 27th will be issued a dividend of $0.42 per share. The ex-dividend date is Wednesday, November 27. This represents an annualized dividend of $1.68 and a dividend yield of 3.98%. Russel Metals’ payout ratio is 48.98%.

Russel Metals Company Profile

(Get a free report)

Russel Metals Inc operates as a metal processing and distribution company in Canada and the United States. It operates in three segments: Metals Service Centers, Energy Field Shops and Steel Distribution. The Metal Service Centers segment operates a network of metal service centers that provide metal products in a range of sizes, shapes and specifications, including hot rolled and cold finished steel, pipe and tube, stainless steel, aluminum and other non-ferrous materials. specialized metal products.

Featured stories

Get news and reviews for Russel Metals Daily – Enter your address email address below to receive a concise daily summary of the latest news and analysts’ ratings for Russel Metals and related companies with MarketBeat.com’s FREE daily email newsletter.