Russel Metals (RUSMF) Projected to Announce Quarterly Earnings on Thursday

Russel Metals (OTCMKTS:RUSMF) is projected to release its resultson Thursday, August 6th. Analysts expect Russel Metals to post earnings of $0.7720 per share and revenue of $1.0453 billion for the quarter.

Russel Metals Price Performance

Russel Metals stock opened at $48.09 on Thursday. The company’s fifty day moving average price is $45.19 and its 200 day moving average price is $39.26. Russel Metals has a 1 year low of $27.78 and a 1 year high of $50.44.

Analysts Set New Price Targets

A number of research firms have weighed in on RUSMF. TD Securities restated a “buy” rating on shares of Russel Metals in a research report on Tuesday, May 5th. Scotiabank reiterated an “outperform” rating on shares of Russel Metals in a research report on Friday, July 24th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy”.

About Russel Metals

Russel Metals Inc is one of North America’s leading metal distribution and processing companies, offering a comprehensive range of steel, aluminum, stainless steel, and specialty metal products. Through its extensive network of service centres, the company provides value-added processing such as precision cutting, shearing, burning, drilling, rolling, and plate profiling, alongside inventory management and just-in-time delivery solutions. This integrated model helps industrial, construction, and manufacturing customers optimize supply chains and reduce lead times.

Founded in 1929 and headquartered in Mississauga, Ontario, Russel Metals has grown through organic expansion and strategic acquisitions to establish a broad presence across Canada and the United States.