Equities Analysts Offer Predictions for Reliance Q3 Earnings

Key Points

• Zacks Research raised its Q3 2026 EPS estimate for Reliance to $4.14 (from $4.11) and sees full‑year EPS of $18.70, while the stock carries a consensus "Hold" rating with a $344.67 target price.
• Reliance beat Q1 expectations with $5.16 EPS and $4.03B revenue (up 15.1% YoY) and issued Q2 2026 guidance of $5.15–$5.35 EPS.
• The company declared a quarterly dividend of $1.25 (annualized $5.00, ~1.3% yield), and insiders have sold about 34,175 shares (~$11.0M) over the past 90 days.

Reliance, Inc. (NYSE:RS - Free Report) - Investment analysts at Zacks Research upped their Q3 2026 earnings per share (EPS) estimates for shares of Reliance in a report released on Tuesday, May 5th. Zacks Research analyst Team now forecasts that the industrial products company will post earnings of $4.14 per share for the quarter, up from their prior forecast of $4.11. Zacks Research has a "Hold" rating on the stock. The consensus estimate for Reliance's current full-year earnings is $18.70 per share. Zacks Research also issued estimates for Reliance's Q3 2027 earnings at $4.46 EPS, Q4 2027 earnings at $3.59 EPS and Q1 2028 earnings at $5.20 EPS.

Other research analysts also recently issued reports about the company. Wall Street Zen upgraded Reliance from a "hold" rating to a "buy" rating in a report on Saturday, April 11th. Bank of America downgraded Reliance from a "neutral" rating to an "underperform" rating and set a $365.00 price target on the stock. in a report on Thursday, April 30th. KeyCorp lifted their price target on Reliance from $341.00 to $378.00 and gave the company an "overweight" rating in a report on Monday, April 27th. Seaport Research Partners lifted their price target on Reliance from $340.00 to $390.00 and gave the company a "buy" rating in a report on Tuesday, April 28th. Finally, BMO Capital Markets lifted their price target on Reliance from $320.00 to $350.00 and gave the company a "market perform" rating in a report on Monday, April 27th. One investment analyst has rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $344.67.

Reliance Trading Up 2.6%

Shares of NYSE:RS opened at $372.13 on Wednesday. Reliance has a 12-month low of $260.31 and a 12-month high of $373.77. The business's fifty day simple moving average is $317.57 and its 200-day simple moving average is $305.90. The company has a market capitalization of $19.00 billion, a PE ratio of 24.27, a P/E/G ratio of 1.14 and a beta of 0.95. The company has a current ratio of 4.39, a quick ratio of 2.24 and a debt-to-equity ratio of 0.24.

Reliance (NYSE:RS - Get Free Report) last issued its earnings results on Wednesday, April 22nd. The industrial products company reported $5.16 earnings per share for the quarter, beating analysts' consensus estimates of $4.63 by $0.53. The business had revenue of $4.03 billion during the quarter, compared to analyst estimates of $3.89 billion. Reliance had a return on equity of 11.37% and a net margin of 5.42%.Reliance's revenue was up 15.1% on a year-over-year basis. During the same period in the previous year, the company posted $3.77 EPS. Reliance has set its Q2 2026 guidance at 5.150-5.350 EPS.

Reliance Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 22nd will be paid a $1.25 dividend. The ex-dividend date is Friday, May 22nd. This represents a $5.00 dividend on an annualized basis and a yield of 1.3%. Reliance's dividend payout ratio (DPR) is 32.62%.

Insider Buying and Selling

In related news, CFO Arthur Ajemyan sold 3,500 shares of the firm's stock in a transaction on Monday, April 27th. The stock was sold at an average price of $358.12, for a total value of $1,253,420.00. Following the completion of the transaction, the chief financial officer owned 16,840 shares in the company, valued at $6,030,740.80. This trade represents a 17.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP William A. Smith II sold 6,615 shares of the firm's stock in a transaction on Monday, March 9th. The stock was sold at an average price of $298.61, for a total value of $1,975,305.15. Following the completion of the transaction, the senior vice president owned 21,747 shares of the company's stock, valued at $6,493,871.67. This trade represents a 23.32% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 34,175 shares of company stock worth $10,966,902 in the last 90 days. Insiders own 0.40% of the company's stock.

Institutional Investors Weigh In On Reliance

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Venturi Wealth Management LLC grew its position in Reliance by 0.9% during the 1st quarter. Venturi Wealth Management LLC now owns 3,979 shares of the industrial products company's stock worth $1,209,000 after purchasing an additional 34 shares during the period. First Citizens Bank & Trust Co. grew its position in Reliance by 1.7% during the 4th quarter. First Citizens Bank & Trust Co. now owns 2,036 shares of the industrial products company's stock worth $588,000 after purchasing an additional 35 shares during the period. Kathmere Capital Management LLC grew its position in Reliance by 4.9% during the 4th quarter. Kathmere Capital Management LLC now owns 786 shares of the industrial products company's stock worth $227,000 after purchasing an additional 37 shares during the period. Farther Finance Advisors LLC grew its position in Reliance by 13.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 325 shares of the industrial products company's stock worth $91,000 after purchasing an additional 38 shares during the period. Finally, Choreo LLC grew its position in Reliance by 2.9% during the 3rd quarter. Choreo LLC now owns 1,366 shares of the industrial products company's stock worth $383,000 after purchasing an additional 39 shares during the period. 79.26% of the stock is owned by institutional investors and hedge funds.

Reliance Company Profile

Reliance Steel & Aluminum Co NYSE: RS is a leading metals service center company that distributes and processes a broad array of metal products. The company offers cut-to-length, shearing, blanking, sawing, bending, machining and value-added services for carbon and alloy steel, stainless steel, aluminum, brass, titanium and specialty metal alloys. Its products serve diverse end markets, including energy, infrastructure, general manufacturing, transportation, aerospace and defense.

Founded in 1939 in Los Angeles, Reliance Steel & Aluminum has grown through a combination of organic expansion and strategic acquisitions.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.