Reliance, Inc. (NYSE:RS - Free Report) - Equities research analysts at KeyCorp issued their Q4 2026 earnings per share estimates for Reliance in a research note issued to investors on Sunday, October 25th. KeyCorp analyst S. Mckinney anticipates that the industrial products company will earn $7.87 per share for the quarter. KeyCorp currently has an "Overweight" rating and a $437.00 target price on the stock. The consensus estimate for Reliance's current full-year earnings is $24.99 per share.
A number of other equities analysts also recently weighed in on the company. Wall Street Zen upgraded Reliance from a "buy" rating to a "strong-buy" rating in a report on Saturday. Zacks Research upgraded shares of Reliance from a "hold" rating to a "strong-buy" rating in a report on Monday, August 3rd. Weiss Ratings downgraded shares of Reliance from a "buy (b)" rating to a "hold (c)" rating in a research report on Wednesday, October 28th. Citigroup reiterated a "neutral" rating on shares of Reliance in a research note on Wednesday, July 29th. Finally, Wells Fargo & Company increased their target price on shares of Reliance from $391.00 to $420.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 22nd. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $400.29.
View Our Latest Stock Report on RS
Reliance Stock Down 0.8%
Shares of Reliance stock opened at $444.28 on Wednesday. Reliance has a 1 year low of $263.12 and a 1 year high of $454.93. The company has a market cap of $22.63 billion, a P/E ratio of 20.71, a P/E/G ratio of 0.94 and a beta of 0.95. The company has a current ratio of 4.12, a quick ratio of 2.22 and a debt-to-equity ratio of 0.21. The stock has a 50-day moving average price of $402.79 and a 200 day moving average price of $369.54.
Reliance (NYSE:RS - Get Free Report) last issued its quarterly earnings results on Wednesday, October 21st. The industrial products company reported $8.02 earnings per share for the quarter, beating analysts' consensus estimates of $6.83 by $1.19. The business had revenue of $5.21 billion for the quarter, compared to the consensus estimate of $4.74 billion. Reliance had a return on equity of 15.31% and a net margin of 6.38%. Reliance's revenue for the quarter was up 42.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.64 earnings per share.
Reliance Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, December 4th. Investors of record on Friday, November 20th will be paid a $1.25 dividend. The ex-dividend date of this dividend is Friday, November 20th. This represents a $5.00 annualized dividend and a dividend yield of 1.1%. Reliance's payout ratio is presently 23.31%.
Insider Buying and Selling
In related news, COO Stephen Koch sold 8,334 shares of the stock in a transaction that occurred on Tuesday, October 27th. The stock was sold at an average price of $430.87, for a total value of $3,590,870.58. Following the transaction, the chief operating officer owned 8,209 shares in the company, valued at approximately $3,537,011.83. This represents a 50.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.40% of the company's stock.
Institutional Trading of Reliance
Several large investors have recently added to or reduced their stakes in the business. XXEC Inc. bought a new position in Reliance in the second quarter worth $127,493,000. BlackRock Inc. bought a new stake in Reliance in the 2nd quarter valued at $2,171,081,000. Bank of New York Mellon Corp bought a new stake in Reliance in the 2nd quarter valued at $176,913,000. William Blair Investment Management LLC acquired a new position in shares of Reliance in the 2nd quarter valued at $142,900,000. Finally, Corient Private Wealth LP acquired a new position in shares of Reliance in the 2nd quarter valued at $129,799,000. 79.26% of the stock is owned by institutional investors.
Key Reliance News
Here are the key news stories impacting Reliance this week:
- Neutral Sentiment: Reliance Industries’ reported record quarterly profit of Rs 29,550 crore prompted a sharp rally and a positive analyst recommendation for that company—not Reliance, Inc. Reliance Industries Q2 profit hits record
- Neutral Sentiment: The asset-attachment report concerns the Anil Ambani group; it does not identify Reliance, Inc. (RS) as involved. ED attaches Anil Ambani group assets
- Neutral Sentiment: Other items concern Indian-stock trading commentary or MobiKwik and do not provide a clear update on RS. Indian stocks trading commentary
About Reliance
(
Get Free Report)
Reliance, Inc NYSE: RS is a diversified metals service center company that supplies processed metal products and related services to industrial manufacturers, fabricators, and other commercial customers. Its product offerings include carbon steel, stainless steel, aluminum, copper, brass, and other specialty metals.
The company provides value-added processing services such as cutting, slitting, leveling, blanking, machining, forming, and precision sawing. These services allow customers to purchase metals in customized sizes and specifications, helping reduce their need for in-house processing and inventory management.
Founded in 1939, Reliance serves a broad range of industries, including nonresidential construction, transportation, aerospace and defense, energy, electronics, machinery, and general manufacturing.
Further Reading
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