National Bank Financial Estimates Russel Metals Q3 Earnings

Russel Metals Inc. (TSE:RUS) – Investment analysts at National Bank Financial dropped their Q3 2024 earnings per share (EPS) estimates for Russel Metals in a research report issued to clients and investors on Monday, October 21st. National Bank Financial analyst M. Sytchev now anticipates that the company will post earnings per share of $0.67 for the quarter, down from their prior estimate of $0.82. National Bank Financial also issued estimates for Russel Metals’ Q4 2024 earnings at $0.81 EPS, FY2024 earnings at $3.08 EPS and FY2025 earnings at $4.16 EPS.

A number of other analysts have also recently weighed in on RUS. Stifel Nicolaus decreased their price target on shares of Russel Metals from C$55.00 to C$52.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. TD Securities upgraded Russel Metals from a “hold” rating to a “buy” rating and increased their target price for the company from C$44.00 to C$46.00 in a research note on Monday, September 16th. BMO Capital Markets reduced their price target on Russel Metals from C$46.00 to C$45.00 in a research report on Wednesday, July 24th. National Bankshares lowered their price objective on shares of Russel Metals from C$47.00 to C$46.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. Finally, Royal Bank of Canada reduced their target price on shares of Russel Metals from C$47.00 to C$43.00 and set a “sector perform” rating on the stock in a research report on Tuesday, July 2nd. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$46.93.

Russel Metals Price Performance

Russel Metals stock opened at C$39.66 on Wednesday. The firm has a fifty day moving average of C$38.95 and a 200-day moving average of C$38.87. Russel Metals has a 52-week low of C$33.38 and a 52-week high of C$47.39. The company has a quick ratio of 1.44, a current ratio of 3.85 and a debt-to-equity ratio of 16.88. The firm has a market capitalization of C$2.33 billion, a P/E ratio of 11.56, a PEG ratio of 0.59 and a beta of 1.52.

Russel Metals (TSE:RUS) last posted its quarterly earnings results on Wednesday, July 31st. The company reported C$0.84 EPS for the quarter, beating the consensus estimate of C$0.83 by C$0.01. The firm had revenue of C$1.07 billion for the quarter, compared to analyst estimates of C$1.08 billion. Russel Metals had a net margin of 4.87% and a return on equity of 12.67%.

Russel Metals Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Monday, September 16th were issued a $0.42 dividend. The ex-dividend date of this dividend was Wednesday, August 28th. This represents a $1.68 annualized dividend and a yield of 4.24%. Russel Metals’s dividend payout ratio is presently 48.98%.

Russel Metals Company Profile

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