Brokers Offer Predictions for Russel Metals FY2027 Earnings

Russel Metals Inc. (TSE:RUS) – Equities researchers at Scotiabank issued their FY2027 earnings per share (EPS) estimates for shares of Russel Metals in a research note issued to investors on Thursday, February 19th. Scotiabank analyst J. Goldman anticipates that the company will earn $3.16 per share for the year. Scotiabank currently has a “Outperform” rating and a $54.00 target price on the stock.

A number of other analysts also recently weighed in on RUS. Stifel Nicolaus increased their price target on shares of Russel Metals from C$49.00 to C$50.50 and gave the company a “hold” rating in a research report on Friday, February 13th. National Bank Financial downgraded shares of Russel Metals from an “outperform” rating to a “hold” rating and upped their target price for the company from C$54.00 to C$56.00 in a research note on Friday, February 13th. TD Securities lifted their price target on shares of Russel Metals from C$50.00 to C$57.00 and gave the stock a “buy” rating in a research report on Friday, February 13th. Finally, Royal Bank Of Canada boosted their price target on shares of Russel Metals from C$51.00 to C$55.00 and gave the company an “outperform” rating in a report on Friday, February 13th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$54.42.

Russel Metals Trading Up 1.2%

TSE RUS opened at C$47.73 on Friday. The company has a current ratio of 3.37, a quick ratio of 1.44 and a debt-to-equity ratio of 20.28. Russel Metals has a 12 month low of C$34.62 and a 12 month high of C$53.37. The company has a market capitalization of C$2.63 billion, a PE ratio of 15.86, a P/E/G ratio of 0.59 and a beta of 1.06. The stock has a 50-day simple moving average of C$46.55 and a 200 day simple moving average of C$43.06.

Russel Metals Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 15th were given a dividend of $0.43 per share. The ex-dividend date of this dividend was Thursday, November 27th. This represents a $1.72 annualized dividend and a dividend yield of 3.6%. Russel Metals’s payout ratio is 56.81%.

About Russel Metals

Russel Metals is one of the largest metals distribution companies in North America with a growing focus on value-added processing. It carries on business in three segments: metals service centers, energy field stores and steel distributors. Its network of metals service centers carries an extensive line of metal products in a wide range of sizes, shapes and specifications, including carbon hot rolled and cold finished steel, pipe and tubular products, stainless steel, aluminum and other non-ferrous specialty metals.