Q2 Earnings Estimate for Reliance Issued By Seaport Res Ptn

Reliance, Inc. (NYSE:RS - Free Report) - Stock analysts at Seaport Res Ptn increased their Q2 2025 earnings per share (EPS) estimates for shares of Reliance in a research report issued on Friday, July 18th. Seaport Res Ptn analyst M. Englert now expects that the industrial products company will earn $4.80 per share for the quarter, up from their prior forecast of $4.52. The consensus estimate for Reliance's current full-year earnings is $16.98 per share.

Reliance Stock Up 1.7%

Shares of NYSE RS opened at $336.25 on Monday. Reliance has a 1 year low of $250.07 and a 1 year high of $336.79. The firm has a market cap of $17.68 billion, a price-to-earnings ratio of 24.10, a PEG ratio of 1.51 and a beta of 0.89. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.58 and a current ratio of 3.17. The stock's 50-day simple moving average is $311.08 and its 200-day simple moving average is $294.14.

Reliance (NYSE:RS - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The industrial products company reported $3.77 EPS for the quarter, topping analysts' consensus estimates of $3.66 by $0.11. The company had revenue of $3.48 billion for the quarter, compared to analysts' expectations of $3.44 billion. Reliance had a return on equity of 10.77% and a net margin of 5.65%. The firm's quarterly revenue was down 4.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $5.30 earnings per share.

Institutional Trading of Reliance

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Merewether Investment Management LP bought a new position in shares of Reliance during the fourth quarter valued at approximately $9,963,000. Loomis Sayles & Co. L P boosted its position in shares of Reliance by 3.5% during the fourth quarter. Loomis Sayles & Co. L P now owns 48,213 shares of the industrial products company's stock worth $12,982,000 after buying an additional 1,640 shares during the period. O Shaughnessy Asset Management LLC boosted its position in shares of Reliance by 38.5% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 34,697 shares of the industrial products company's stock worth $9,343,000 after buying an additional 9,642 shares during the period. Envestnet Portfolio Solutions Inc. boosted its position in shares of Reliance by 12.7% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 1,289 shares of the industrial products company's stock worth $347,000 after buying an additional 145 shares during the period. Finally, GAMMA Investing LLC lifted its position in Reliance by 17.4% in the first quarter. GAMMA Investing LLC now owns 966 shares of the industrial products company's stock worth $279,000 after purchasing an additional 143 shares during the period. 79.26% of the stock is owned by institutional investors.

Reliance Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 23rd were issued a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 1.43%. The ex-dividend date was Friday, May 23rd. Reliance's dividend payout ratio is currently 34.41%.

About Reliance

Reliance, Inc operates as a diversified metal solutions provider and the metals service center company in the United States, Canada, and internationally. The company distributes a line of approximately 100,000 metal products, including alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium, and specialty steel products; and provides metals processing services to general manufacturing, non-residential construction, transportation, aerospace, energy, electronics and semiconductor fabrication, and heavy industries.

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