Russel Metals Inc (RUS) to Post Q1 2019 Earnings of $0.55 Per Share, Raymond James Forecasts

Russel Metals Inc (TSE:RUS) – Equities research analysts at Raymond James issued their Q1 2019 earnings estimates for shares of Russel Metals in a report released on Wednesday, April 24th. Raymond James analyst F. Bastien forecasts that the company will post earnings of $0.55 per share for the quarter. Raymond James has a “Outperform” rating and a $31.00 price objective on the stock. Raymond James also issued estimates for Russel Metals’ Q2 2019 earnings at $0.61 EPS, Q3 2019 earnings at $0.62 EPS, Q4 2019 earnings at $0.61 EPS, Q1 2020 earnings at $0.56 EPS, Q2 2020 earnings at $0.59 EPS, Q3 2020 earnings at $0.77 EPS and Q4 2020 earnings at $0.67 EPS.

Russel Metals (TSE:RUS) last released its quarterly earnings data on Thursday, February 7th. The company reported C$0.74 EPS for the quarter. The company had revenue of C$1.12 billion during the quarter.

Several other research analysts also recently weighed in on RUS. BMO Capital Markets set a C$26.00 target price on Russel Metals and gave the stock a “market perform” rating in a research note on Monday. Royal Bank of Canada reduced their target price on Russel Metals from C$32.00 to C$28.00 in a research note on Monday, February 4th.

Shares of RUS stock opened at C$23.54 on Thursday. The company has a debt-to-equity ratio of 56.93, a current ratio of 2.74 and a quick ratio of 1.08. The company has a market cap of $1.47 billion and a PE ratio of 6.69. Russel Metals has a 1-year low of C$19.72 and a 1-year high of C$31.33.

Russel Metals Company Profile

Russel Metals Inc distributes steel and metal products in North America. The company operates through three segments: Metal Service Centers, Energy Products, and Steel Distributors. The Metal Service Center segment sells plates, flat rolled carbon and general line steel products, stainless steel, aluminum, and other non-ferrous specialty metal products.

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