Russel Metals Inc. (TSE:RUS) Declares Quarterly Dividend of $0.42

Russel Metals Inc. (TSE:RUS) declared a quarterly dividend on Wednesday, November 27th,TickerTech Dividends reports. Investors of record on Monday, December 16th will be given a dividend of 0.42 per share on Monday, December 16th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.84%. The ex-dividend date is Wednesday, November 27th.

Russel Metals Trading Down 1.0 %

TSE:RUS opened at C$43.80 on Tuesday. Russel Metals has a one year low of C$35.20 and a one year high of C$47.39. The business has a fifty day moving average price of C$40.92 and a 200-day moving average price of C$38.97. The firm has a market capitalization of C$2.57 billion, a price-to-earnings ratio of 12.77, a price-to-earnings-growth ratio of 0.59 and a beta of 1.52. The company has a debt-to-equity ratio of 16.88, a current ratio of 3.85 and a quick ratio of 1.44.

Russel Metals (TSE:RUS) last posted its quarterly earnings data on Wednesday, November 6th. The company reported C$0.59 EPS for the quarter, missing the consensus estimate of C$0.61 by C($0.02). Russel Metals had a return on equity of 12.67% and a net margin of 4.87%. The company had revenue of C$1.09 billion during the quarter, compared to the consensus estimate of C$1.06 billion.

Wall Street Analyst Weigh In

Several brokerages have weighed in on RUS. Raymond James lifted their price target on shares of Russel Metals from C$50.00 to C$56.00 in a report on Wednesday, November 13th. Stifel Nicolaus lifted their target price on shares of Russel Metals from C$54.50 to C$57.00 in a research note on Friday. Royal Bank of Canada increased their price target on Russel Metals from C$43.00 to C$45.00 in a research note on Friday, November 8th. National Bankshares lowered their price objective on Russel Metals from C$47.00 to C$46.00 and set an “outperform” rating on the stock in a research report on Friday, August 2nd. Finally, TD Securities upped their price objective on Russel Metals from C$46.00 to C$50.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$49.64.

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.