Russel Metals (TSE:RUS) Posts Quarterly Earnings Results
by Teresa Graham · The Cerbat GemRussel Metals (TSE:RUS – Get Free Report) released its quarterly earnings data on Tuesday. The company reported C$1.30 earnings per share for the quarter, FiscalAI reports. The business had revenue of C$1.42 billion for the quarter. Russel Metals had a return on equity of 10.44% and a net margin of 3.64%.
Russel Metals Price Performance
Shares of TSE:RUS opened at C$58.58 on Thursday. The company has a market cap of C$3.22 billion, a PE ratio of 19.46, a P/E/G ratio of 0.59 and a beta of 0.95. Russel Metals has a fifty-two week low of C$39.09 and a fifty-two week high of C$58.69. The firm has a 50-day simple moving average of C$48.97 and a 200 day simple moving average of C$45.86. The company has a quick ratio of 1.44, a current ratio of 3.06 and a debt-to-equity ratio of 30.44.
Russel Metals Announces Dividend
The firm also recently declared 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. The ex-dividend date of this dividend is Thursday, May 28th. This represents a $1.76 annualized dividend and a dividend yield of 3.0%. Russel Metals’s payout ratio is 56.81%.
Analyst Upgrades and Downgrades
RUS has been the topic of several research reports. Stifel Nicolaus raised 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. TD Securities increased their price target on Russel Metals from C$50.00 to C$57.00 and gave the company a “buy” rating in a report on Friday, February 13th. Royal Bank Of Canada raised their price objective on Russel Metals from C$51.00 to C$55.00 and gave the company an “outperform” rating in a research report on Friday, February 13th. National Bank Financial reduced their price objective on Russel Metals from C$56.00 to C$51.00 and set a “sector perform” rating on the stock in a research note on Wednesday, April 8th. Finally, Scotiabank increased their target price on Russel Metals from C$52.00 to C$54.00 and gave the company an “outperform” rating in a research note on Friday, February 13th. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$55.06.
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.