Raymond James Estimates Russel Metals’ Q1 Earnings (TSE:RUS)

Russel Metals Inc. (TSE:RUS) – Equities researchers at Raymond James increased their Q1 2025 EPS estimates for Russel Metals in a research note issued on Wednesday, November 13th. Raymond James analyst F. Bastien now anticipates that the company will earn $1.04 per share for the quarter, up from their previous forecast of $1.00. Raymond James also issued estimates for Russel Metals’ Q2 2025 earnings at $1.26 EPS, Q3 2025 earnings at $1.19 EPS and FY2025 earnings at $4.40 EPS.

Other equities analysts have also issued research reports about the stock. National Bankshares cut their target price 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. Royal Bank of Canada increased their target price on shares of Russel Metals from C$43.00 to C$45.00 in a research report on Friday, November 8th. BMO Capital Markets cut their target price on shares of Russel Metals from C$46.00 to C$45.00 in a research report on Wednesday, July 24th. Stifel Nicolaus increased their target price on shares of Russel Metals from C$53.00 to C$54.50 in a research report on Wednesday. Finally, TD Securities increased their target price on shares of Russel Metals from C$46.00 to C$50.00 and gave the stock a “buy” rating in a research report on Tuesday. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$49.29.

Russel Metals Price Performance

Shares of TSE:RUS opened at C$42.32 on Friday. 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$2.48 billion, a PE ratio of 12.34, a P/E/G ratio of 0.59 and a beta of 1.52. Russel Metals has a twelve month low of C$35.20 and a twelve month high of C$47.39. The company has a 50-day moving average price of C$39.98 and a two-hundred day moving average price of C$38.78.

Russel Metals (TSE:RUS) last posted its quarterly earnings results on Wednesday, November 6th. The company reported C$0.59 earnings per share for the quarter, missing the consensus estimate of C$0.61 by C($0.02). The company had revenue of C$1.09 billion for the quarter, compared to the consensus estimate of C$1.06 billion. Russel Metals had a net margin of 4.87% and a return on equity of 12.67%.

Russel Metals Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Wednesday, November 27th will be issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.97%. The ex-dividend date is Wednesday, November 27th. Russel Metals’s payout ratio is 48.98%.

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.