Russel Metals (RUSMF) Projected to Release Quarterly Earnings on Wednesday

Russel Metals (OTCMKTS:RUSMF) is expected to post its results after the market closes on Wednesday, November 4th. Analysts expect Russel Metals to post earnings of $1.04 per share and revenue of $1.16 billion for the quarter.

Russel Metals Price Performance

Russel Metals stock opened at $61.86 on Monday. Russel Metals has a 12-month low of $27.78 and a 12-month high of $66.95. The stock has a 50-day simple moving average of $59.43 and a 200 day simple moving average of $45.55.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on RUSMF. Raymond James Financial cut Russel Metals to a “market perform” rating in a report on Monday, August 10th. Royal Bank Of Canada restated an “outperform” rating on shares of Russel Metals in a research report on Wednesday, September 30th. Scotiabank restated an “outperform” rating on shares of Russel Metals in a research report on Monday, October 5th. Finally, BMO Capital Markets reaffirmed a “market perform” rating on shares of Russel Metals in a research note on Monday, October 19th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Russel Metals Company Profile

Russel Metals Inc is a Canadian metals distribution and processing company that supplies a broad range of steel and other metal products to industrial, construction, energy, manufacturing and other commercial customers. The company operates through service centers and specialized distribution businesses, providing both standard materials and value-added processing.

Its product offerings include carbon steel, stainless steel, aluminum, plate, flat-rolled products, structural steel, bar products, pipe and tubular goods.