Reliance, Inc. (NYSE:RS) Given Average Recommendation of "Hold" by Brokerages

Key Points

• Reliance, Inc. (NYSE:RS) has received an average recommendation of "Hold" from seven ratings firms, with four hold ratings and three buy ratings.
• The company reported $4.43 earnings per share (EPS) for its last quarter, missing the consensus estimate of $4.72, while revenues were reported at $3.66 billion.
• Reliance announced a quarterly dividend of $1.20 per share, resulting in an annual yield of 1.7% and a payout ratio of 35.04%.

Shares of Reliance, Inc. (NYSE:RS - Get Free Report) have earned an average recommendation of "Hold" from the seven ratings firms that are presently covering the firm, MarketBeat reports. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $328.80.

A number of equities research analysts recently commented on RS shares. Wells Fargo & Company upgraded Reliance to a "hold" rating in a report on Thursday, August 14th. JPMorgan Chase & Co. initiated coverage on Reliance in a report on Tuesday, September 9th. They issued an "overweight" rating and a $350.00 price objective for the company. Finally, Zacks Research cut Reliance from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 13th.

Reliance Price Performance

Shares of RS stock opened at $283.45 on Thursday. The stock's fifty day simple moving average is $290.02 and its 200 day simple moving average is $296.34. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.18 and a quick ratio of 1.51. Reliance has a one year low of $250.07 and a one year high of $347.43. The firm has a market cap of $14.91 billion, a price-to-earnings ratio of 20.69, a P/E/G ratio of 1.34 and a beta of 0.88.

Reliance (NYSE:RS - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The industrial products company reported $4.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.72 by ($0.29). The business had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.66 billion. Reliance had a net margin of 5.39% and a return on equity of 10.48%. The company's revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.65 EPS. Reliance has set its Q3 2025 guidance at 3.600-3.800 EPS. On average, analysts expect that Reliance will post 16.98 earnings per share for the current fiscal year.

Reliance Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were paid a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Friday, August 15th. Reliance's payout ratio is presently 35.04%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. TCTC Holdings LLC grew its stake in Reliance by 138.9% in the first quarter. TCTC Holdings LLC now owns 86 shares of the industrial products company's stock valued at $25,000 after acquiring an additional 50 shares during the period. Private Trust Co. NA boosted its position in shares of Reliance by 417.6% during the second quarter. Private Trust Co. NA now owns 88 shares of the industrial products company's stock worth $28,000 after buying an additional 71 shares during the period. N.E.W. Advisory Services LLC acquired a new position in shares of Reliance during the first quarter worth about $29,000. Wayfinding Financial LLC acquired a new position in shares of Reliance during the first quarter worth about $30,000. Finally, Allworth Financial LP boosted its position in shares of Reliance by 46.3% during the second quarter. Allworth Financial LP now owns 139 shares of the industrial products company's stock worth $44,000 after buying an additional 44 shares during the period. 79.26% of the stock is owned by institutional investors and hedge funds.

Reliance Company Profile

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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