Russel Metals Stock Gets Higher EPS Estimate from Scotiabank

Russel Metals Inc. (TSE:RUS) – Scotiabank raised their FY2026 EPS estimates for Russel Metals in a report released on Tuesday, October 13th. Scotiabank analyst J. Goldman now forecasts that the company will post earnings of $4.40 per share for the year, up from their previous forecast of $4.31. Scotiabank currently has a “Sector Outperform” rating and a $113.00 target price on the stock.

Russel Metals (TSE:RUS) last posted its earnings results on Thursday, August 6th. The company reported C$1.63 earnings per share for the quarter. Russel Metals had a net margin of 4.04% and a return on equity of 13.09%. The company had revenue of C$1.66 billion for the quarter.

RUS has been the subject of a number of other reports. Raymond James Financial lowered Russel Metals from a “moderate buy” rating to a “hold” rating and boosted their price objective for the stock from C$70.00 to C$82.00 in a report on Monday, August 10th. National Bank Financial increased their price objective on Russel Metals from C$75.00 to C$101.00 and gave the stock a “sector perform” rating in a research note on Thursday. TD set a C$94.00 target price on Russel Metals and gave the company a “buy” rating in a report on Monday, September 21st. Stifel Nicolaus lifted their target price on Russel Metals from C$64.00 to C$85.00 and gave the company a “hold” rating in a research report on Monday, August 10th. Finally, Royal Bank Of Canada lifted their target price on Russel Metals from C$92.00 to C$107.00 in a research report on Wednesday, September 30th. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Russel Metals currently has an average rating of “Moderate Buy” and an average price target of C$84.11.

Russel Metals Price Performance

Shares of TSE RUS opened at C$91.51 on Friday. The stock has a market cap of C$5.02 billion, a price-to-earnings ratio of 23.34, a PEG ratio of 0.59 and a beta of 0.95. The company has a debt-to-equity ratio of 27.88, a quick ratio of 1.44 and a current ratio of 2.61. Russel Metals has a fifty-two week low of C$39.09 and a fifty-two week high of C$95.97. The firm’s 50-day simple moving average is C$81.06 and its 200 day simple moving average is C$67.10.

Russel Metals Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 15th were paid a $0.44 dividend. The ex-dividend date was Friday, August 28th. This represents a $1.76 annualized dividend and a dividend yield of 1.9%. Russel Metals’s dividend payout ratio is presently 44.13%.

Insider Activity

In other news, Director James Francis Dinning sold 3,000 shares of the stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of C$80.00, for a total value of C$240,000.00. Following the completion of the sale, the director owned 16,250 shares in the company, valued at C$1,300,000. This represents a 15.58% decrease in their ownership of the stock. Also, Director Brian Robie Hedges purchased 1,000 shares of the company’s stock in a transaction that occurred on Thursday, August 13th. The shares were purchased at an average cost of C$80.48 per share, for a total transaction of C$80,480.00. Following the completion of the transaction, the director directly owned 1,000 shares of the company’s stock, valued at C$80,480. This represents a ? increase in their ownership of the stock. Insiders sold a total of 33,682 shares of company stock worth $2,735,333 over the last quarter. Insiders own 0.85% of the company’s stock.

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.