Russel Metals Inc. (TSE:RUS – Get Ranking) – Raymond James upped their Q2 2022 EPS estimates for Russel Metals in a document launched on Tuesday, July fifth. Raymond James analyst F. Bastien now forecasts that the corporate will earn $1.55 in keeping with proportion for the quarter, up from their prior forecast of $1.10. Raymond James lately has a “Outperform” ranking and a $44.00 goal charge at the inventory. The consensus estimate for Russel Metals’ present full-year income is $2.87 in keeping with proportion. Raymond James additionally issued estimates for Russel Metals’ Q3 2022 income at $0.80 EPS, This fall 2022 income at $0.74 EPS and FY2022 income at $4.65 EPS.
Different equities analysts have additionally lately issued stories in regards to the inventory. Stifel Nicolaus reduce their goal charge on stocks of Russel Metals from C$40.00 to C$34.00 in a analysis word on Tuesday. Royal Financial institution of Canada raised their goal charge on stocks of Russel Metals from C$41.00 to C$45.00 and gave the corporate an “outperform” ranking in a analysis word on Thursday, Might fifth. TD Securities raised their goal charge on stocks of Russel Metals from C$40.00 to C$41.00 and gave the corporate a “purchase” ranking in a analysis word on Thursday, Might fifth. Point of view Analysis reissued a “purchase” ranking and issued a C$40.00 charge goal (up from C$39.00) on stocks of Russel Metals in a analysis word on Thursday, Might fifth. In spite of everything, Scotiabank lifted their charge goal on stocks of Russel Metals from C$37.00 to C$38.50 in a analysis word on Thursday, Might fifth. 8 funding analysts have rated the inventory with a purchase ranking, In step with MarketBeat.com, Russel Metals lately has a mean ranking of “Purchase” and a consensus charge goal of C$39.39.
RUS opened at C$25.52 on Friday. The inventory has a marketplace capitalization of C$1.61 billion and a price-to-earnings ratio of three.56. The corporate has a fifty day shifting reasonable of C$29.51 and a 200 day shifting reasonable of C$31.57. Russel Metals has a fifty-two week low of C$24.41 and a fifty-two week prime of C$37.57. The corporate has a debt-to-equity ratio of 30.92, a handy guide a rough ratio of one.38 and a present ratio of two.94.
Russel Metals (TSE:RUS – Get Ranking) remaining posted its income effects on Tuesday, Might third. The corporate reported C$1.56 income in keeping with proportion for the quarter, beating the consensus estimate of C$1.25 by means of C$0.31. The corporate had earnings of C$1.34 billion for the quarter.
The corporate additionally lately declared a quarterly dividend, which used to be paid on Wednesday, June fifteenth. Buyers of file on Wednesday, June fifteenth have been paid a dividend of $0.38 in keeping with proportion. The ex-dividend date of this dividend used to be Thursday, Might twenty sixth. This represents a $1.52 dividend on an annualized foundation and a dividend yield of five.96%. Russel Metals’s dividend payout ratio is at this time 21.23%.
Russel Metals Corporate Profile (Get Ranking)
Russel Metals Inc operates as a steel distribution corporate in North The us. The corporate operates thru 3 segments: Metals Provider Facilities, Power Merchandise, and Metal Vendors. The Steel Provider Facilities section sells plates, flat rolled carbon, chrome steel, aluminum, and different non-ferrous forte steel merchandise, in addition to basic line metal merchandise, corresponding to plates, structural shapes, bars, sheets, pipes, tubing, and hole structural metal tubing.
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