FY2026 EPS Estimates for Russel Metals Boosted by Scotiabank

Russel Metals Inc. (TSE:RUS) – Stock analysts at Scotiabank lifted their FY2026 earnings estimates for shares of Russel Metals in a research note issued to investors on Thursday, May 14th. Scotiabank analyst J. Goldman now anticipates that the company will post earnings of $3.66 per share for the year, up from their previous estimate of $3.43. Scotiabank has a “Outperform” rating and a $54.00 price objective on the stock. Scotiabank also issued estimates for Russel Metals’ FY2027 earnings at $3.58 EPS.

Russel Metals (TSE:RUS) last announced its quarterly earnings data on Tuesday, May 5th. The company reported C$1.30 earnings per share (EPS) for the quarter. The company had revenue of C$1.42 billion for the quarter. Russel Metals had a net margin of 4.04% and a return on equity of 12.22%.

RUS has been the topic of several other reports. Royal Bank Of Canada boosted their target price on shares of Russel Metals from C$55.00 to C$63.00 and gave the stock an “outperform” rating in a research report on Thursday, May 7th. TD Securities boosted their target price 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. Stifel Nicolaus boosted their target price on shares of Russel Metals from C$49.00 to C$58.50 and gave the stock a “hold” rating in a research report on Thursday, May 7th. Raymond James Financial boosted their target price on shares of Russel Metals from C$60.00 to C$65.00 and gave the stock an “outperform” rating in a research report on Thursday, May 7th. Finally, Scotia boosted their target price on shares of Russel Metals from C$54.00 to C$62.00 and gave the stock a “sector outperform” rating in a research report on Thursday, May 7th. Seven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Russel Metals has a consensus rating of “Moderate Buy” and an average price target of C$59.50.

Russel Metals Stock Performance

Shares of RUS opened at C$58.63 on Friday. The company has a debt-to-equity ratio of 29.50, a quick ratio of 1.44 and a current ratio of 2.86. The stock has a market capitalization of C$3.22 billion, a P/E ratio of 16.47, a P/E/G ratio of 0.59 and a beta of 0.95. The company’s fifty day moving average is C$50.05 and its two-hundred day moving average is C$46.54. Russel Metals has a 1 year low of C$39.09 and a 1 year high of C$59.15.

Russel Metals Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 15th will be given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Thursday, May 28th. Russel Metals’s payout ratio is presently 48.31%.

Insider Activity at Russel Metals

In other Russel Metals news, Director Brian Robie Hedges sold 4,800 shares of the business’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of C$57.00, for a total transaction of C$273,600.00. Following the sale, the director directly owned 10,000 shares in the company, valued at approximately C$570,000. The trade was a 32.43% decrease in their position. In the last 90 days, insiders have sold 15,000 shares of company stock worth $855,022. 0.85% of the stock is currently owned by insiders.

Russel Metals Company Profile

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.