Scotiabank Comments on Russel Metals FY2027 Earnings

Russel Metals Inc. (TSE:RUS) – Equities research analysts at Scotiabank issued their FY2027 earnings estimates for shares of Russel Metals in a report issued on Thursday, February 19th. Scotiabank analyst J. Goldman anticipates that the company will earn $3.16 per share for the year. Scotiabank has a “Outperform” rating and a $54.00 price target on the stock.

A number of other brokerages have also recently issued reports on RUS. Royal Bank Of Canada upped their target price on Russel Metals from C$51.00 to C$55.00 and gave the stock an “outperform” rating in a research report on Friday, February 13th. National Bank Financial lowered shares of Russel Metals from an “outperform” rating to a “hold” rating and raised their target price for the company from C$54.00 to C$56.00 in a research note on Friday, February 13th. 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. Finally, Stifel Nicolaus raised their price target on Russel Metals from C$49.00 to C$50.50 and gave the company a “hold” rating in a research report on Friday, February 13th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Russel Metals has a consensus rating of “Moderate Buy” and a consensus target price of C$54.42.

Russel Metals Trading Up 1.2%

Shares of TSE RUS opened at C$47.73 on Friday. The stock has a market capitalization of C$2.63 billion, a P/E ratio of 15.86, a PEG ratio of 0.59 and a beta of 1.06. The company has a debt-to-equity ratio of 20.28, a current ratio of 3.37 and a quick ratio of 1.44. The business’s 50 day moving average is C$46.55 and its two-hundred day moving average is C$43.06. Russel Metals has a 1-year low of C$34.62 and a 1-year high of C$53.37.

Russel Metals Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 15th were given a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend was Thursday, November 27th. Russel Metals’s dividend payout ratio (DPR) is 56.81%.

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.