Brokers Issue Forecasts for Russel Metals FY2026 Earnings

Russel Metals Inc. (TSE:RUS) – Equities researchers at Scotiabank increased their FY2026 earnings per share (EPS) 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 per share of $4.67 for the year, up from their prior forecast 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 announced its quarterly earnings data on Thursday, August 6th. The company reported C$1.63 earnings per share (EPS) for the quarter. The company had revenue of C$1.66 billion for the quarter. Russel Metals had a return on equity of 13.09% and a net margin of 4.04%.

Several other research analysts have also weighed in on RUS. Stifel Nicolaus boosted their price objective on shares of Russel Metals from C$64.00 to C$85.00 and gave the stock a “hold” rating in a research note on Monday, August 10th. Scotia lifted their price target on Russel Metals from C$54.00 to C$62.00 and gave the stock a “sector outperform” rating in a report on Thursday, May 7th. Royal Bank Of Canada boosted their price target on Russel Metals from C$68.00 to C$92.00 and gave the stock an “outperform” rating in a research report on Monday, August 10th. Raymond James Financial lowered Russel Metals from a “moderate buy” rating to a “hold” rating and upped their price objective for the company from C$70.00 to C$82.00 in a research note on Monday, August 10th. Finally, National Bank Financial raised their price objective on Russel Metals from C$57.00 to C$75.00 and gave the company a “sector perform” rating in a research report on Monday, August 10th. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$76.89.

Russel Metals Price Performance

Shares of RUS opened at C$73.85 on Monday. The company has a market cap of C$4.05 billion, a price-to-earnings ratio of 18.84, a PEG ratio of 0.59 and a beta of 1.21. Russel Metals has a 1-year low of C$39.09 and a 1-year high of C$83.12. The company’s fifty day simple moving average is C$68.38 and its 200 day simple moving average is C$57.99. The company has a current ratio of 2.61, a quick ratio of 1.44 and a debt-to-equity ratio of 27.88.

Russel Metals Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.44 per share. The ex-dividend date is Friday, August 28th. This represents a $1.76 annualized dividend and a yield of 2.4%. Russel Metals’s dividend payout ratio (DPR) is 44.13%.

Insider Transactions at Russel Metals

In other news, 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 transaction of C$456,832.80. Following the completion of the sale, the insider owned 6,674 shares in the company, valued at C$536,589.60. The trade was a 45.99% decrease in their ownership of the stock. Also, Director James Francis Dinning sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of C$80.00, for a total value of C$240,000.00. Following the completion of the transaction, the director directly owned 16,250 shares in the company, valued at C$1,300,000. The trade was a 15.58% decrease in their position. Insiders sold a total of 61,182 shares of company stock worth $4,464,333 over the last quarter. Company insiders own 0.85% of the company’s stock.

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.