Stifel Canada Decreases Earnings Estimates for Russel Metals

Russel Metals Inc. (TSE:RUS) – Research analysts at Stifel Canada dropped their FY2025 earnings per share estimates for shares of Russel Metals in a research note issued to investors on Wednesday, May 7th. Stifel Canada analyst I. Gillies now forecasts that the company will post earnings of $3.51 per share for the year, down from their prior estimate of $3.68. Stifel Canada also issued estimates for Russel Metals’ FY2026 earnings at $3.66 EPS.

RUS has been the topic of several other reports. TD Securities lifted their target price on shares of Russel Metals from C$50.00 to C$52.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. Stifel Nicolaus decreased their price objective on shares of Russel Metals from C$54.00 to C$53.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, National Bankshares dropped their target price on shares of Russel Metals from C$58.00 to C$55.00 and set an “outperform” rating for the company in a report on Wednesday, April 9th.

Russel Metals Price Performance

Shares of Russel Metals stock opened at C$39.45 on Friday. The company has a debt-to-equity ratio of 20.28, a current ratio of 3.37 and a quick ratio of 1.44. Russel Metals has a one year low of C$34.62 and a one year high of C$46.87. The business’s 50 day simple moving average is C$39.06 and its two-hundred day simple moving average is C$41.03. The stock has a market capitalization of C$2.26 billion, a P/E ratio of 12.71, a price-to-earnings-growth ratio of 0.59 and a beta of 1.52.

Russel Metals Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 16th will be issued a $0.43 dividend. The ex-dividend date is Thursday, May 29th. This is a positive change from Russel Metals’s previous quarterly dividend of $0.42. This represents a $1.72 annualized dividend and a yield of 4.36%. Russel Metals’s dividend payout ratio (DPR) is 54.12%.

Insider Buying and Selling at Russel Metals

In other news, Director Brian Robie Hedges sold 5,000 shares of the company’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of C$42.32, for a total value of C$211,600.00. Insiders own 0.85% of the company’s stock.

Russel Metals Company Profile

Russel Metals Inc is a Canada-based metal distribution company. The company conducts business primarily through three metals distribution segments: metals service centers; energy products; and steel distributors. The metal service centers provide processing and distribution services to a broad base of end-users.