FY2026 EPS Estimates for Russel Metals Boosted by Scotiabank

Russel Metals Inc. (TSE:RUS) – Equities research analysts at Scotiabank boosted their FY2026 earnings estimates for Russel Metals in a note issued to investors on Thursday, May 14th. Scotiabank analyst J. Goldman now anticipates that the company will post earnings of $3.66 per share for the year, up from their prior forecast of $3.43. Scotiabank has a “Outperform” rating and a $54.00 price target on the stock. Scotiabank also issued estimates for Russel Metals’ FY2027 earnings at $3.58 EPS.

Russel Metals (TSE:RUS) last issued its quarterly earnings results on Tuesday, May 5th. The company reported C$1.30 earnings per share (EPS) for the quarter. Russel Metals had a net margin of 4.04% and a return on equity of 12.22%. The company had revenue of C$1.42 billion during the quarter.

A number of other analysts have also recently weighed in on the stock. BMO Capital Markets raised their price objective on shares of Russel Metals from C$51.00 to C$56.00 in a report on Wednesday, May 6th. Raymond James Financial raised their price objective on shares of Russel Metals from C$60.00 to C$65.00 and gave the stock an “outperform” rating in a report on Thursday, May 7th. Scotia raised their price objective on shares of Russel Metals from C$54.00 to C$62.00 and gave the stock a “sector outperform” rating in a report on Thursday, May 7th. TD Securities raised their price objective on shares of Russel Metals from C$50.00 to C$57.00 and gave the stock a “buy” rating in a report on Friday, February 13th. Finally, Stifel Nicolaus raised their price objective on shares of Russel Metals from C$49.00 to C$58.50 and gave the stock a “hold” rating in a report on Thursday, May 7th. Seven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$59.50.

Russel Metals Stock Up 0.2%

Shares of Russel Metals stock opened at C$58.63 on Friday. The company has a quick ratio of 1.44, a current ratio of 2.86 and a debt-to-equity ratio of 29.50. Russel Metals has a 52-week low of C$39.09 and a 52-week high of C$59.15. The company has a 50 day moving average of C$50.05 and a 200 day moving average of C$46.54. The company has a market capitalization of C$3.22 billion, a P/E ratio of 16.47, a P/E/G ratio of 0.59 and a beta of 0.95.

Russel Metals Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 15th will be issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Thursday, May 28th. Russel Metals’s payout ratio is presently 48.31%.

Insider Activity at Russel Metals

In other news, Director Brian Robie Hedges sold 10,000 shares of Russel Metals stock in a transaction on Friday, May 8th. The shares were sold at an average price of C$57.00, for a total value of C$570,000.00. Following the transaction, the director directly owned 30,000 shares of the company’s stock, valued at C$1,710,000. The trade was a 25.00% decrease in their position. Over the last 90 days, insiders have sold 15,000 shares of company stock valued at $855,022. Insiders own 0.85% of the company’s stock.

About Russel Metals

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.