Russel Metals Inc. (TSE:RUS) Declares Quarterly Dividend of $0.44

Russel Metals Inc. (TSE:RUS – Get Free Report) declared a quarterly dividend on Friday, August 28th, TickerTech Dividends reports. Stockholders of record on Tuesday, September 15th will be given a dividend of 0.44 per share on Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Friday, August 28th.

Russel Metals Stock Down 2.2%

RUS stock opened at C$72.23 on Wednesday. The firm has a market cap of C$3.97 billion, a PE ratio of 18.43, a P/E/G ratio of 0.59 and a beta of 1.21. Russel Metals has a 12 month low of C$39.09 and a 12 month high of C$83.12. The company has a debt-to-equity ratio of 27.88, a current ratio of 2.61 and a quick ratio of 1.44. The firm has a 50 day simple moving average of C$68.56 and a 200 day simple moving average of C$58.14.

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Russel Metals (TSE:RUS – Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported C$1.63 earnings per share (EPS) for the quarter. Russel Metals had a return on equity of 13.09% and a net margin of 4.04%.The company had revenue of C$1.66 billion for the quarter.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Stifel Nicolaus boosted their target price on Russel Metals from C$64.00 to C$85.00 and gave the stock a “hold” rating in a research report on Monday, August 10th. TD lifted their price target on Russel Metals from C$68.00 to C$94.00 and gave the stock a “buy” rating in a research note on Tuesday, August 11th. Scotiabank upped their price objective on shares of Russel Metals from C$76.00 to C$89.00 and gave the company a “sector outperform” rating in a research note on Tuesday, August 11th. Royal Bank Of Canada lifted their target price on shares of 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. Finally, Raymond James Financial downgraded shares of Russel Metals from a “moderate buy” rating to a “hold” rating and upped their price target for the company from C$70.00 to C$82.00 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 data from MarketBeat.com, Russel Metals has an average rating of “Moderate Buy” and a consensus price target of C$76.89.

Check Out Our Latest Stock Analysis on RUS

About Russel Metals

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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.

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