Reliance (NYSE:RS - Get Free Report) issued its quarterly earnings data on Wednesday. The industrial products company reported $3.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.68 by ($0.04), Zacks reports. The company had revenue of $3.65 billion for the quarter, compared to analyst estimates of $3.54 billion. Reliance had a return on equity of 10.48% and a net margin of 5.39%.The company's revenue was up 6.8% on a year-over-year basis. During the same quarter last year, the business earned $3.64 earnings per share. Reliance updated its Q4 2025 guidance to 2.650-2.85 EPS.
Reliance Stock Performance
Shares of Reliance stock opened at $273.99 on Thursday. Reliance has a fifty-two week low of $250.07 and a fifty-two week high of $347.43. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.18 and a quick ratio of 1.51. The firm has a market capitalization of $14.41 billion, a P/E ratio of 20.00, a P/E/G ratio of 1.33 and a beta of 0.87. The company's 50 day moving average price is $285.81 and its two-hundred day moving average price is $295.58.
Hedge Funds Weigh In On Reliance
Hedge funds have recently modified their holdings of the business. Transamerica Financial Advisors LLC lifted its holdings in shares of Reliance by 31.4% during the second quarter. Transamerica Financial Advisors LLC now owns 201 shares of the industrial products company's stock worth $63,000 after purchasing an additional 48 shares during the period. Geneos Wealth Management Inc. increased 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 purchasing an additional 131 shares in the last quarter. Walleye Capital LLC increased its position in shares of Reliance by 2,192.5% during the second quarter. Walleye Capital LLC now owns 1,215 shares of the industrial products company's stock worth $381,000 after acquiring an additional 1,162 shares in the last quarter. Orion Porfolio Solutions LLC increased its position in shares of Reliance by 7.9% during the second quarter. Orion Porfolio Solutions LLC now owns 1,252 shares of the industrial products company's stock worth $393,000 after acquiring an additional 92 shares in the last quarter. Finally, FORA Capital LLC bought a new stake in shares of Reliance during the second quarter worth about $438,000. Institutional investors and hedge funds own 79.26% of the company's stock.
Analyst Ratings Changes
Several equities research analysts have issued reports on RS shares. Weiss Ratings restated a "hold (c+)" rating on shares of Reliance in a research report on Wednesday, October 8th. Zacks Research cut shares of Reliance from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 13th. JPMorgan Chase & Co. lowered their target price on shares of Reliance from $350.00 to $345.00 and set an "overweight" rating on the stock in a report on Monday, October 13th. Finally, Wells Fargo & Company raised shares of Reliance to a "hold" rating in a report on Thursday, August 14th. Three research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $327.80.
Read Our Latest Stock Analysis on Reliance
About Reliance
(
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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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