Reliance (NYSE:RS) Posts Earnings Results, Misses Expectations By $0.29 EPS

Reliance (NYSE:RS - Get Free Report) posted its earnings results on Wednesday. The industrial products company reported $4.43 EPS for the quarter, missing the consensus estimate of $4.72 by ($0.29), Zacks reports. The business had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.66 billion. Reliance had a return on equity of 10.48% and a net margin of 5.39%. The business's revenue was up .5% on a year-over-year basis. During the same period in the prior year, the firm earned $4.65 earnings per share. Reliance updated its Q3 2025 guidance to 3.600-3.800 EPS.

Reliance Price Performance

RS traded up $3.43 during midday trading on Friday, hitting $304.76. The company had a trading volume of 365,218 shares, compared to its average volume of 408,224. 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 company has a market capitalization of $16.03 billion, a PE ratio of 22.23, a P/E/G ratio of 1.51 and a beta of 0.89. Reliance has a twelve month low of $250.07 and a twelve month high of $347.43. The firm's 50-day simple moving average is $313.48 and its 200-day simple moving average is $295.49.

Reliance Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 15th will be given a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date is Friday, August 15th. Reliance's dividend payout ratio (DPR) is currently 35.04%.

Institutional Investors Weigh In On Reliance

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RS. Royal Bank of Canada lifted its stake in Reliance by 6.6% in the first quarter. Royal Bank of Canada now owns 15,111 shares of the industrial products company's stock valued at $4,364,000 after buying an additional 940 shares in the last quarter. Empowered Funds LLC lifted its stake in Reliance by 4.8% in the first quarter. Empowered Funds LLC now owns 5,662 shares of the industrial products company's stock valued at $1,635,000 after buying an additional 258 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its stake in Reliance by 99.2% in the first quarter. Geneos Wealth Management Inc. now owns 263 shares of the industrial products company's stock valued at $76,000 after buying an additional 131 shares in the last quarter. Institutional investors and hedge funds own 79.26% of the company's stock.

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.