Zacks Research Comments on Reliance's Q2 Earnings (NYSE:RS)

Key Points

• Zacks Research raised its Q2 2027 EPS estimate for Reliance to $5.67 from $5.48 and maintained a “Strong Buy” rating.
• Reliance’s latest quarterly results topped expectations: EPS was $8.02 versus $6.83 forecast, while revenue reached $5.21 billion and rose 42.8% year over year.
• Analyst sentiment overall is more cautious, with a consensus “Hold” rating and an average price target of $400.29; shares opened at $441.38.

Reliance, Inc. (NYSE:RS - Free Report) - Research analysts at Zacks Research boosted their Q2 2027 earnings per share (EPS) estimates for shares of Reliance in a research report issued on Wednesday, November 4th. Zacks Research analyst Team now forecasts that the industrial products company will earn $5.67 per share for the quarter, up from their prior forecast of $5.48. Zacks Research currently has a "Strong-Buy" rating on the stock. The consensus estimate for Reliance's current full-year earnings is $24.99 per share. Zacks Research also issued estimates for Reliance's Q3 2027 earnings at $6.50 EPS, Q1 2028 earnings at $4.69 EPS, Q2 2028 earnings at $4.45 EPS, Q3 2028 earnings at $5.19 EPS and FY2028 earnings at $19.13 EPS.

Reliance (NYSE:RS - Get Free Report) last announced its quarterly earnings data on Wednesday, October 21st. The industrial products company reported $8.02 EPS for the quarter, beating analysts' consensus estimates of $6.83 by $1.19. The business had revenue of $5.21 billion during 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%. The business's revenue for the quarter was up 42.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.64 earnings per share.

Several other research firms also recently issued reports on RS. Citigroup reiterated a "neutral" rating on shares of Reliance in a research note on Wednesday, July 29th. Wells Fargo & Company upped their price target on shares of Reliance from $391.00 to $420.00 and gave the company an "equal weight" rating in a report on Thursday, October 22nd. JPMorgan Chase & Co. increased their target price on Reliance from $400.00 to $420.00 and gave the stock a "neutral" rating in a report on Wednesday, October 28th. BMO Capital Markets increased their price objective on shares of Reliance from $390.00 to $415.00 and gave the stock a "market perform" rating in a research note on Monday, July 27th. Finally, KeyCorp boosted their price target on shares of Reliance from $421.00 to $437.00 and gave the company an "overweight" rating in a report on Monday, October 26th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $400.29.

Reliance Stock Down 0.6%

Shares of NYSE RS opened at $441.38 on Thursday. The stock has a market capitalization of $22.48 billion, a PE ratio of 20.58, a P/E/G ratio of 0.93 and a beta of 0.95. Reliance has a 52-week low of $263.12 and a 52-week high of $454.93. The company has a quick ratio of 2.22, a current ratio of 4.12 and a debt-to-equity ratio of 0.21. The firm has a fifty day moving average of $403.93 and a 200-day moving average of $370.13.

Reliance Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 4th. Shareholders of record on Friday, November 20th will be paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Friday, November 20th. Reliance's dividend payout ratio (DPR) is presently 23.31%.

Insider Activity

In other news, COO Stephen Koch sold 8,334 shares of Reliance stock in a transaction on Tuesday, October 27th. The stock was sold at an average price of $430.87, for a total transaction of $3,590,870.58. Following the transaction, the chief operating officer directly owned 8,209 shares in the company, valued at approximately $3,537,011.83. This trade represents a 50.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.40% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Costello Asset Management INC acquired a new position in shares of Reliance in the 1st quarter worth $30,000. N.E.W. Advisory Services LLC acquired a new stake in shares of Reliance in the 2nd quarter valued at $37,000. Compass Financial Management LLC bought a new stake in Reliance in the second quarter worth $46,000. Osterweis Capital Management Inc. bought a new position in Reliance during the second quarter valued at about $41,000. Finally, Reyes Financial Architecture Inc. acquired a new stake in shares of Reliance in the third quarter worth about $43,000. Institutional investors own 79.26% of the company's stock.

Reliance News Roundup

Here are the key news stories impacting Reliance this week:

• Positive Sentiment: Zacks Research raised its estimates for several upcoming quarters, including Q2 and Q3 2027 and Q1 and Q3 2028. It also increased its FY2028 EPS forecast to $19.13 from $18.09 and maintained a “Strong-Buy” rating, providing a generally supportive outlook. Reliance analyst coverage
• Neutral Sentiment: Reports about Reliance Jio’s ₹15 unlimited 5G data pack relate to the Indian telecom business, not Reliance, Inc. (RS), so they do not indicate a direct change in RS’s outlook. Reliance Jio data pack report
• Negative Sentiment: Zacks lowered its Q2 2028 EPS estimate to $4.45 from $4.66. This cut tempers the positive revisions, although the firm’s overall rating remains “Strong-Buy.” Reliance analyst coverage

About Reliance

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.

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