FY2025 EPS Estimates for Russel Metals Boosted by Analyst

Russel Metals Inc. (TSE:RUS) – Stock analysts at Stifel Canada increased their FY2025 earnings per share estimates for shares of Russel Metals in a report issued on Thursday, February 20th. Stifel Canada analyst I. Gillies now anticipates that the company will post earnings per share of $4.41 for the year, up from their prior estimate of $4.38.

Several other research analysts have also recently issued reports on the stock. Raymond James increased their target price on shares of Russel Metals from C$50.00 to C$56.00 in a report on Wednesday, November 13th. Royal Bank of Canada raised shares of Russel Metals from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from C$45.00 to C$51.00 in a research report on Tuesday, November 26th. TD Securities lifted their price objective on shares of Russel Metals from C$50.00 to C$52.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Finally, Stifel Nicolaus upped their target price on Russel Metals from C$55.50 to C$60.00 in a report on Friday, February 14th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Russel Metals has an average rating of “Moderate Buy” and an average price target of C$51.21.

Russel Metals Stock Performance

Shares of TSE:RUS opened at C$41.31 on Monday. The company has a debt-to-equity ratio of 20.28, a quick ratio of 1.44 and a current ratio of 3.37. The firm has a market cap of C$2.37 billion, a PE ratio of 13.31, a price-to-earnings-growth ratio of 0.59 and a beta of 1.52. The firm’s 50 day simple moving average is C$41.62 and its 200-day simple moving average is C$40.92. Russel Metals has a one year low of C$35.20 and a one year high of C$46.87.

Insider Buying and Selling

In related news, Director Brian Robie Hedges sold 5,000 shares of Russel Metals stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of C$42.32, for a total value of C$211,600.00. 0.85% of the stock is owned by company insiders.

Russel Metals Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 17th will be paid a dividend of $0.42 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.68 annualized dividend and a yield of 4.07%. Russel Metals’s dividend payout ratio (DPR) is 54.12%.

About Russel Metals

Russel Metals Inc is a Canada-based metal distribution company. The company conducts business primarily through three metals distribution segments: metals service centers; energy products; and steel distributors. The metal service centers provide processing and distribution services to a broad base of end-users.