Russel Metals (OTCMKTS:RUSMF – Get Free Report) is anticipated to release its results after the market closes on Wednesday, November 4th. Analysts expect Russel Metals to post earnings of $1.04 per share and revenue of $1.16 billion for the quarter.
Russel Metals Price Performance
Shares of RUSMF stock opened at $63.41 on Wednesday. The firm has a fifty day moving average of $58.94 and a two-hundred day moving average of $45.08. Russel Metals has a 1-year low of $27.78 and a 1-year high of $66.95.
Wall Street Analysts Forecast Growth
Several brokerages have recently commented on RUSMF. Raymond James Financial cut shares of Russel Metals to a “market perform” rating in a research report on Monday, August 10th. Royal Bank Of Canada reissued an “outperform” rating on shares of Russel Metals in a report on Wednesday, September 30th. Scotiabank restated an “outperform” rating on shares of Russel Metals in a research note on Monday, October 5th. Finally, BMO Capital Markets restated a “market perform” rating on shares of Russel Metals in a research note on Monday, October 19th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy”.
Check Out Our Latest Stock Analysis on Russel Metals
About Russel Metals
Russel Metals Inc is a Canadian metals distribution and processing company that supplies industrial, commercial and energy-sector customers across North America. The company operates through a network of metals service centers, which provide products, inventory management and processing services tailored to customer requirements.
Its product offerings include carbon steel, stainless steel, aluminum, plate, flat-rolled steel, bars, beams, structural products, pipe and tubular goods. Russel Metals also provides value-added services such as cutting, forming, machining and other processing activities designed to prepare metals for use in manufacturing, construction, infrastructure, transportation and energy applications.
Founded in 1929, Russel Metals has expanded from its Canadian roots to serve customers in Canada and the United States.
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