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

Russel Metals Inc. (TSE:RUS) announced a quarterly dividend on Wednesday, November 6th,TickerTech Dividends reports. Shareholders of record on Wednesday, November 27th will be given a dividend of 0.42 per share on Monday, December 16th. This represents a $1.68 annualized dividend and a yield of 3.87%. The ex-dividend date of this dividend is Wednesday, November 27th.

Russel Metals Stock Down 0.8 %

Shares of TSE:RUS traded down C$0.34 during midday trading on Friday, hitting C$43.42. 16,240 shares of the company’s stock traded hands, compared to its average volume of 184,735. The firm’s fifty day moving average price is C$39.43 and its two-hundred day moving average price is C$38.68. The company has a debt-to-equity ratio of 16.88, a quick ratio of 1.44 and a current ratio of 3.85. Russel Metals has a twelve month low of C$35.20 and a twelve month high of C$47.39. The company has a market cap of C$2.55 billion, a PE ratio of 12.76, a P/E/G ratio of 0.59 and a beta of 1.52.

Russel Metals (TSE:RUS) last issued its quarterly earnings data on Wednesday, November 6th. The company reported C$0.59 EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of C$1.06 billion.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Stifel Nicolaus decreased their price target on Russel Metals from C$55.00 to C$52.00 and set a “buy” rating for the company in a report on Friday, August 2nd. TD Securities upgraded shares of Russel Metals from a “hold” rating to a “buy” rating and upped their target price for the company from C$44.00 to C$46.00 in a research note on Monday, September 16th. BMO Capital Markets dropped their price target on shares of Russel Metals from C$46.00 to C$45.00 in a research note on Wednesday, July 24th. Finally, National Bankshares decreased their price objective on shares of Russel Metals from C$47.00 to C$46.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$46.93.

Russel Metals Company Profile

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.