Russel Metals (RUSMF) Projected to Post Earnings on Wednesday

Russel Metals (OTCMKTS:RUSMF) is expected to be announcing its results before the market opens on Wednesday, November 5th. Analysts expect Russel Metals to post earnings of $0.5180 per share and revenue of $1.1841 billion for the quarter.

Russel Metals Price Performance

RUSMF stock opened at $30.42 on Wednesday. Russel Metals has a 12 month low of $25.24 and a 12 month high of $33.28. The company’s 50-day moving average price is $29.71 and its two-hundred day moving average price is $30.17.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Wall Street Zen raised shares of Russel Metals from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 9th. TD Securities reissued a “buy” rating on shares of Russel Metals in a report on Monday, August 11th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

About Russel Metals

Russel Metals Inc operates as a metal distribution and processing company in Canada and the United States. It operates in three segments: Metals Service Centers, Energy Field Stores, and Steel Distribution. The Metal Service Centers segment operates a network of metals service centers, which provide metal products in range of sizes, shapes, and specifications, including carbon hot rolled and cold finished steel, pipe and tubular, stainless steel, aluminum, and other non-ferrous specialty metal products.