Russel Metals (RUS) Set to Announce Earnings on Wednesday

Russel Metals (TSE:RUS) is set to announce its earnings results after the market closes on Wednesday, July 31st. Analysts expect the company to announce earnings of C$0.85 per share for the quarter.

Russel Metals (TSE:RUS) last released its earnings results on Wednesday, May 1st. The company reported C$0.82 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.80 by C$0.02. The firm had revenue of C$1.06 billion for the quarter, compared to the consensus estimate of C$1.16 billion. Russel Metals had a net margin of 5.54% and a return on equity of 14.72%.

Russel Metals Stock Up 0.2 %

TSE:RUS opened at C$40.15 on Tuesday. The firm’s 50-day moving average price is C$37.69 and its 200-day moving average price is C$41.01. The company has a market capitalization of C$2.41 billion, a PE ratio of 10.14, a P/E/G ratio of 0.59 and a beta of 1.57. The company has a debt-to-equity ratio of 25.43, a current ratio of 4.37 and a quick ratio of 1.44. Russel Metals has a 1-year low of C$33.38 and a 1-year high of C$47.39.

Russel Metals Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, June 14th were given a $0.42 dividend. The ex-dividend date was Wednesday, May 29th. This is an increase from Russel Metals’s previous quarterly dividend of $0.40. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.18%. Russel Metals’s dividend payout ratio is currently 42.42%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on RUS shares. BMO Capital Markets reduced their target price on shares of Russel Metals from C$46.00 to C$45.00 in a research report on Wednesday, July 24th. National Bankshares dropped their price target on shares of Russel Metals from C$48.00 to C$47.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 16th. Stifel Nicolaus dropped their price target on shares of Russel Metals from C$55.50 to C$54.00 and set a “buy” rating on the stock in a research note on Friday, April 19th. TD Securities dropped their price target on shares of Russel Metals from C$48.00 to C$45.00 and set a “hold” rating on the stock in a research note on Thursday, April 25th. Finally, Royal Bank of Canada dropped their price target 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 note on Tuesday, July 2nd. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Russel Metals presently has an average rating of “Moderate Buy” and an average target price of C$47.21.

Insider Activity

In other Russel Metals news, Director Stewart Burton purchased 3,000 shares of Russel Metals stock in a transaction dated Friday, June 21st. The stock was purchased at an average price of C$36.35 per share, with a total value of C$109,050.00. Insiders own 0.81% of the company’s stock.

About Russel Metals

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.