Russel Metals (TSE:RUS) Posts Earnings Results

Russel Metals (TSE:RUS) posted its quarterly earnings results on Wednesday. The company reported C$2.67 earnings per share (EPS) for the quarter, FiscalAI reports. Russel Metals had a return on equity of 13.09% and a net margin of 4.04%. The business had revenue of C$1.82 billion during the quarter.

Russel Metals Stock Down 13.6%

RUS stock opened at C$76.87 on Friday. The firm has a market cap of C$4.22 billion, a PE ratio of 19.61, a PEG ratio of 0.59 and a beta of 0.74. The company has a debt-to-equity ratio of 27.88, a quick ratio of 1.44 and a current ratio of 2.61. The firm’s 50 day moving average price is C$84.45 and its 200-day moving average price is C$64.27. Russel Metals has a one year low of C$39.09 and a one year high of C$95.97.

Russel Metals Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 15th were given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend was Friday, August 28th. Russel Metals’s payout ratio is presently 44.13%.

Insider Activity at Russel Metals

In other Russel Metals news, Director James Francis Dinning sold 3,000 shares of the firm’s stock in a transaction on Thursday, August 13th. The stock was sold at an average price of C$80.00, for a total transaction of C$240,000.00. Following the completion of the sale, the director owned 16,250 shares of the company’s stock, valued at C$1,300,000. This trade represents a 15.58% decrease in their ownership of the stock. Also, Director Brian Robie Hedges sold 25,000 shares of Russel Metals stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of C$81.54, for a total value of C$2,038,500.00. Over the last three months, insiders have sold 33,682 shares of company stock worth $2,735,333. Insiders own 0.85% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on RUS. Royal Bank Of Canada boosted their price objective on Russel Metals from C$92.00 to C$107.00 in a research note on Wednesday, September 30th. National Bank Financial raised their target price on Russel Metals from C$75.00 to C$101.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 15th. Raymond James Financial lifted their price target on Russel Metals from C$82.00 to C$92.00 and gave the stock a “market perform” rating in a report on Wednesday, October 21st. Stifel Nicolaus boosted their price target on shares of 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. Finally, TD set a C$94.00 price target on shares of Russel Metals and gave the company a “buy” rating in a research report on Monday, September 21st. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Russel Metals currently has an average rating of “Moderate Buy” and a consensus price target of C$85.22.

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.