FY2026 EPS Estimates for Russel Metals Increased by Analyst

Russel Metals Inc. (TSE:RUS) – Equities researchers at Scotiabank lifted their FY2026 earnings estimates for Russel Metals in a research report issued on Wednesday, August 19th. Scotiabank analyst J. Goldman now expects that the company will post earnings of $4.67 per share for the year, up from their prior estimate of $3.78. Scotiabank has a “Sector Outperform” rating and a $89.00 price objective on the stock. Scotiabank also issued estimates for Russel Metals’ FY2027 earnings at $4.54 EPS.

Russel Metals (TSE:RUS) last posted its earnings results on Thursday, August 6th. The company reported C$1.63 earnings per share (EPS) for the quarter. Russel Metals had a net margin of 4.04% and a return on equity of 13.09%. The business had revenue of C$1.66 billion for the quarter.

RUS has been the topic of a number of other research reports. National Bank Financial increased their price target on Russel Metals from C$57.00 to C$75.00 and gave the stock a “sector perform” rating in a research report on Monday, August 10th. Stifel Nicolaus boosted their price objective on Russel Metals from C$64.00 to C$85.00 and gave the company a “hold” rating in a research report on Monday, August 10th. TD upped their target price on Russel Metals from C$68.00 to C$94.00 and gave the stock a “buy” rating in a research note on Tuesday, August 11th. Raymond James Financial lowered Russel Metals from a “moderate buy” rating to a “hold” rating and increased their target price for the company from C$70.00 to C$82.00 in a research report on Monday, August 10th. Finally, Royal Bank Of Canada lifted their price target on shares of Russel Metals from C$68.00 to C$92.00 and gave the company an “outperform” rating in a research note on Monday, August 10th. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$76.89.

Russel Metals Price Performance

Shares of Russel Metals stock opened at C$72.23 on Monday. The company has a quick ratio of 1.44, a current ratio of 2.61 and a debt-to-equity ratio of 27.88. Russel Metals has a twelve month low of C$39.09 and a twelve month high of C$83.12. The business has a 50-day moving average price of C$68.56 and a 200 day moving average price of C$58.14. The firm has a market cap of C$3.97 billion, a PE ratio of 18.43, a P/E/G ratio of 0.59 and a beta of 1.21.

Insider Buying and Selling

In other news, Director Brian Robie Hedges acquired 1,000 shares of the business’s stock in a transaction on Thursday, August 13th. The stock was bought at an average cost of C$80.48 per share, for a total transaction of C$80,480.00. Following the purchase, the director owned 1,000 shares in the company, valued at approximately C$80,480. This represents a ∞ increase in their ownership of the stock. Also, insider Martin Leb Juravsky sold 5,682 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of C$80.40, for a total value of C$456,832.80. Following the sale, the insider owned 6,674 shares of the company’s stock, valued at approximately C$536,589.60. This trade represents a 45.99% decrease in their ownership of the stock. In the last three months, insiders have sold 61,182 shares of company stock worth $4,464,333. Insiders own 0.85% of the company’s stock.

Russel Metals Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 15th will be issued a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 2.4%. The ex-dividend date is Friday, August 28th. Russel Metals’s payout ratio is presently 44.13%.

Russel Metals Company Profile

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.