Russel Metals (TSE:RUS) Releases Earnings Results, Misses Expectations By $0.02 EPS

Russel Metals (TSE:RUS) announced its earnings results on Wednesday. The company reported C$0.59 EPS for the quarter, missing the consensus estimate of C$0.61 by C($0.02), reports. The company had revenue of C$1.09 billion for the quarter, compared to analysts’ expectations of C$1.06 billion. Russel Metals had a net margin of 4.87% and a return on equity of 12.67%.

Russel Metals Price Performance

Shares of TSE RUS traded down C$0.42 during midday trading on Friday, reaching C$43.34. The company’s stock had a trading volume of 4,703 shares, compared to its average volume of 184,682. Russel Metals has a one year low of C$35.20 and a one year high of C$47.39. The company has a 50 day moving average price of C$39.43 and a 200 day moving average price of C$38.68. The company has a market cap of C$2.54 billion, a price-to-earnings ratio of 12.76, a price-to-earnings-growth ratio of 0.59 and a beta of 1.52. The company has a current ratio of 3.85, a quick ratio of 1.44 and a debt-to-equity ratio of 16.88.

Russel Metals Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 16th will be given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 3.88%. The ex-dividend date of this dividend is Wednesday, November 27th. Russel Metals’s dividend payout ratio (DPR) is presently 48.98%.

Analysts Set New Price Targets

A number of research analysts have recently commented 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 decreased 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 report on Friday, August 2nd. TD Securities raised Russel Metals from a “hold” rating to a “buy” rating and boosted their price objective for the company from C$44.00 to C$46.00 in a report on Monday, September 16th. Finally, Stifel Nicolaus decreased their price objective on shares of Russel Metals from C$55.00 to C$52.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$46.93.

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.