FY2027 EPS Estimates for Russel Metals Boosted by Scotiabank

Russel Metals Inc. (TSE:RUS) – Investment analysts at Scotiabank increased their FY2027 earnings estimates for shares of Russel Metals in a note issued to investors on Friday, April 10th. Scotiabank analyst J. Goldman now forecasts that the company will post earnings per share of $3.32 for the year, up from their previous estimate of $3.16. Scotiabank currently has a “Outperform” rating and a $54.00 target price on the stock.

Other equities analysts also recently issued research reports about the stock. National Bank Financial cut their price target on shares of Russel Metals from C$56.00 to C$51.00 and set a “sector perform” rating for the company in a report on Wednesday, April 8th. Stifel Nicolaus increased their price target on shares of Russel Metals from C$49.00 to C$50.50 and gave the company a “hold” rating in a report on Friday, February 13th. Royal Bank Of Canada increased their price target on shares of Russel Metals from C$51.00 to C$55.00 and gave the company an “outperform” rating in a report on Friday, February 13th. Finally, TD Securities raised their target price on shares of Russel Metals from C$50.00 to C$57.00 and gave the company a “buy” rating in a report on Friday, February 13th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Russel Metals presently has a consensus rating of “Moderate Buy” and a consensus price target of C$53.58.

Russel Metals Stock Performance

Shares of RUS opened at C$50.65 on Monday. The company has a 50-day simple moving average of C$48.12 and a 200-day simple moving average of C$44.79. The company has a quick ratio of 1.44, a current ratio of 3.06 and a debt-to-equity ratio of 30.44. The company has a market capitalization of C$2.79 billion, a PE ratio of 16.83, a P/E/G ratio of 0.59 and a beta of 0.87. Russel Metals has a 52-week low of C$37.75 and a 52-week high of C$53.37.

Russel Metals (TSE:RUS) last announced its quarterly earnings results on Wednesday, February 11th. The company reported C$0.55 earnings per share (EPS) for the quarter. The business had revenue of C$1.09 billion during the quarter. Russel Metals had a net margin of 3.64% and a return on equity of 10.44%.

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.