Raymond James Estimates Russel Metals’ Q1 Earnings (TSE:RUS)

Russel Metals Inc. (TSE:RUS) – Analysts at Raymond James reduced their Q1 2025 earnings per share estimates for shares of Russel Metals in a report released on Tuesday, January 21st. Raymond James analyst F. Bastien now anticipates that the company will earn $0.69 per share for the quarter, down from their previous estimate of $1.04. Raymond James also issued estimates for Russel Metals’ Q2 2025 earnings at $1.09 EPS and FY2025 earnings at $4.10 EPS.

Russel Metals (TSE:RUS) last issued its earnings results on Wednesday, November 6th. The company reported C$0.59 earnings per share for the quarter, missing the consensus estimate of C$0.61 by C($0.02). The company had revenue of C$1.09 billion during the quarter, compared to analyst estimates of C$1.06 billion. Russel Metals had a return on equity of 12.67% and a net margin of 4.87%.

Several other research analysts have also recently issued reports on RUS. TD Securities increased their price target on Russel Metals from C$46.00 to C$50.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Stifel Nicolaus boosted their target price on Russel Metals from C$54.50 to C$57.00 in a report on Friday, November 22nd. Finally, Royal Bank of Canada raised Russel Metals from a “sector perform” rating to an “outperform” rating and increased their price target for the company from C$45.00 to C$51.00 in a research note on Tuesday, November 26th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Russel Metals currently has an average rating of “Moderate Buy” and a consensus price target of C$50.50.

Russel Metals Stock Performance

RUS opened at C$42.55 on Thursday. Russel Metals has a twelve month low of C$35.20 and a twelve month high of C$47.39. The stock has a market cap of C$2.50 billion, a PE ratio of 12.41, a price-to-earnings-growth ratio of 0.59 and a beta of 1.52. The business’s 50 day moving average is C$42.94 and its 200-day moving average is C$40.27. The company has a current ratio of 3.85, a quick ratio of 1.44 and a debt-to-equity ratio of 16.88.

Russel Metals Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 16th were given a dividend of $0.42 per share. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $1.68 dividend on an annualized basis and a yield of 3.95%. Russel Metals’s payout ratio is presently 48.98%.

About Russel Metals

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.