Russel Metals Inc (TSE:RUS) – Stock analysts at Raymond James cut their Q3 2019 earnings per share estimates for shares of Russel Metals in a research report issued to clients and investors on Thursday, October 17th. Raymond James analyst F. Bastien now forecasts that the company will post earnings of $0.38 per share for the quarter, down from their prior estimate of $0.48. Raymond James has a “Outperform” rating and a $25.00 price objective on the stock. Raymond James also issued estimates for Russel Metals’ Q4 2019 earnings at $0.43 EPS, FY2019 earnings at $1.85 EPS, Q1 2020 earnings at $0.53 EPS, Q2 2020 earnings at $0.51 EPS, Q3 2020 earnings at $0.55 EPS, Q4 2020 earnings at $0.55 EPS and FY2020 earnings at $2.15 EPS.
Russel Metals (TSE:RUS) last released its earnings results on Thursday, August 8th. The company reported C$0.50 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of C$0.48 by C$0.02. The firm had revenue of C$936.70 million during the quarter.
TSE:RUS opened at C$20.65 on Monday. The firm has a market cap of $1.28 billion and a price-to-earnings ratio of 7.15. The company has a current ratio of 2.99, a quick ratio of 1.15 and a debt-to-equity ratio of 70.63. The company’s 50-day moving average is C$20.80 and its two-hundred day moving average is C$21.57. Russel Metals has a 12-month low of C$18.47 and a 12-month high of C$28.00.
In related news, Director Brian Robie Hedges acquired 4,000 shares of the company’s stock in a transaction dated Monday, August 26th. The stock was bought at an average price of C$19.84 per share, with a total value of C$79,360.00. Following the purchase, the director now directly owns 119,477 shares in the company, valued at approximately C$2,370,423.68. Also, Director James Francis Dinning acquired 2,500 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were bought at an average cost of C$20.34 per share, with a total value of C$50,851.00. Following the purchase, the director now owns 25,000 shares in the company, valued at C$508,510.
About Russel Metals
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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