Russel Metals Inc (RUS) to Post Q1 2017 Earnings of $0.23 Per Share, Raymond James Financial Forecasts
Russel Metals Inc (TSE:RUS) – Research analysts at Raymond James Financial cut their Q1 2017 earnings per share estimates for Russel Metals in a research note issued on Wednesday. Raymond James Financial analyst F. Bastien now anticipates that the brokerage will earn $0.23 per share for the quarter, down from their prior estimate of $0.26. Raymond James Financial also issued estimates for Russel Metals’ Q2 2017 earnings at $0.26 EPS and Q3 2017 earnings at $0.39 EPS.
Several other analysts have also recently issued reports on RUS. TD Securities boosted their price objective on shares of Russel Metals from C$21.00 to C$23.00 and gave the company a “hold” rating in a research note on Friday, August 12th. Royal Bank Of Canada decreased their price target on shares of Russel Metals from C$21.00 to C$19.00 and set an “underperform” rating for the company in a research report on Wednesday, October 5th. BMO Capital Markets upped their price target on shares of Russel Metals from C$21.50 to C$24.00 in a research report on Thursday. Finally, Scotiabank raised shares of Russel Metals from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from C$21.00 to C$26.00 in a research report on Thursday. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Russel Metals currently has an average rating of “Hold” and a consensus target price of C$22.00.
Russel Metals (TSE:RUS) opened at 24.95 on Friday. The firm’s 50 day moving average price is $21.08 and its 200 day moving average price is $22.39. Russel Metals has a one year low of $13.95 and a one year high of $25.00. The stock’s market cap is $1.54 billion.
Russel Metals Company Profile
Russel Metals Inc is a metals distribution company. The Company’s segments include metals service centers, energy products and steel distributors. The metals service centers segment provides processing and distribution services to a base of end users. Its Energy Products segment distributes oil country tubular goods (OCTG), line pipe, valves and fittings to the energy industry.
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