FY2026 EPS Estimates for Russel Metals Boosted by Scotiabank

Russel Metals Inc. (TSE:RUS) – Scotiabank upped their FY2026 earnings per share (EPS) estimates for shares of Russel Metals in a research note issued on Wednesday, July 29th. Scotiabank analyst J. Goldman now anticipates that the company will earn $3.78 per share for the year, up from their prior estimate of $3.66. Scotiabank also issued estimates for Russel Metals’ FY2027 earnings at $3.90 EPS.

Several other research firms have also recently weighed in on RUS. Stifel Nicolaus boosted their price target on shares of Russel Metals from C$49.00 to C$58.50 and gave the stock a “hold” rating in a report on Thursday, May 7th. Royal Bank Of Canada increased their price objective on shares of Russel Metals from C$63.00 to C$68.00 and gave the company an “outperform” rating in a research note on Tuesday, June 30th. TD lifted their target price on shares of Russel Metals from C$63.00 to C$68.00 and gave the stock a “buy” rating in a research report on Monday, May 11th. Raymond James Financial boosted their target price on Russel Metals from C$65.00 to C$70.00 in a research note on Friday, June 5th. Finally, National Bank Financial upped their target price on Russel Metals from C$52.00 to C$57.00 and gave the company a “sector perform” rating in a report on Monday, July 13th. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$61.17.

Russel Metals Stock Performance

Shares of RUS stock opened at C$67.23 on Thursday. The firm has a 50-day moving average of C$63.50 and a 200-day moving average of C$54.53. The company has a market cap of C$3.69 billion, a P/E ratio of 18.88, a P/E/G ratio of 0.59 and a beta of 1.21. The company has a debt-to-equity ratio of 29.50, a current ratio of 2.86 and a quick ratio of 1.44. Russel Metals has a one year low of C$39.09 and a one year high of C$70.97.

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

Russel Metals Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 15th were paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date was Thursday, May 28th. Russel Metals’s payout ratio is presently 48.31%.

Insider Activity at Russel Metals

In related news, Director James Francis Dinning sold 2,500 shares of Russel Metals stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of C$62.10, for a total value of C$155,250.00. Following the sale, the director owned 19,250 shares of the company’s stock, valued at approximately C$1,195,425. The trade was a 11.49% decrease in their position. Also, Director Brian Robie Hedges sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of C$63.25, for a total value of C$632,500.00. Insiders have sold 73,935 shares of company stock valued at $4,430,667 in the last three months. 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.