Russel Metals (RUS) Set to Announce Earnings on Wednesday

Russel Metals (TSE:RUS) is set to post its quarterly earnings results after the market closes on Wednesday, May 1st. Analysts expect Russel Metals to post earnings of C$0.98 per share for the quarter.

Russel Metals (TSE:RUS) last released its earnings results on Thursday, February 8th. The company reported C$0.78 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.72 by C$0.06. The firm had revenue of C$1.02 billion for the quarter, compared to analyst estimates of C$1.06 billion. Russel Metals had a net margin of 5.92% and a return on equity of 16.67%.

Russel Metals Stock Performance

Shares of Russel Metals stock opened at C$39.86 on Wednesday. The firm has a market capitalization of C$2.41 billion, a P/E ratio of 9.21, a P/E/G ratio of 0.59 and a beta of 1.54. Russel Metals has a 52 week low of C$33.38 and a 52 week high of C$47.39. The company has a quick ratio of 1.44, a current ratio of 4.14 and a debt-to-equity ratio of 25.76. The firm’s 50 day moving average is C$43.70 and its two-hundred day moving average is C$41.71.

Russel Metals Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 4.01%. The ex-dividend date was Wednesday, February 28th. Russel Metals’s payout ratio is currently 36.95%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Scotiabank decreased their price target on Russel Metals from C$50.00 to C$48.50 and set a “sector perform” rating for the company in a report on Wednesday, April 17th. Stifel Nicolaus dropped their price objective on Russel Metals from C$55.50 to C$54.00 and set a “buy” rating for the company in a research report on Friday, April 19th. Raymond James dropped their price objective on Russel Metals from C$52.00 to C$48.00 and set an “outperform” rating for the company in a research report on Wednesday, April 17th. TD Securities raised their price target on Russel Metals from C$43.00 to C$48.00 and gave the stock a “hold” rating in a research note on Monday, February 12th. Finally, BMO Capital Markets boosted their price target on Russel Metals from C$44.00 to C$46.00 and gave the stock an “outperform” rating in a research report on Friday, February 9th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of C$48.07.

Russel Metals Company Profile

Russel Metals Inc operates as a metal distribution and processing company in Canada and the United States. It operates in three segments: Metals Service Centers, Energy Field Stores, and Steel Distribution. The Metal Service Centers segment operates a network of metals service centers, which provide metal products in range of sizes, shapes, and specifications, including carbon hot rolled and cold finished steel, pipe and tubular, stainless steel, aluminum, and other non-ferrous specialty metal products.