What is Seaport Res Ptn's Estimate for Reliance Q2 Earnings?

Key Points

• Seaport Res Ptn raised its Q2 2026 earnings estimate for Reliance, predicting earnings of $5.52 per share, up from a prior estimate of $5.12.
• Reliance reported Q2 earnings of $4.43 per share, which fell short of the consensus estimate of $4.72, despite revenue meeting expectations at $3.66 billion.
• The company announced a quarterly dividend of $1.20, with a yield of 1.59%, scheduled for payment on August 29th.

Reliance, Inc. (NYSE:RS - Free Report) - Equities researchers at Seaport Res Ptn lifted their Q2 2026 earnings per share estimates for shares of Reliance in a report released on Wednesday, July 23rd. Seaport Res Ptn analyst M. Englert now forecasts that the industrial products company will post earnings of $5.52 per share for the quarter, up from their previous forecast of $5.12. The consensus estimate for Reliance's current full-year earnings is $16.98 per share.

Reliance (NYSE:RS - Get Free Report) last posted its quarterly earnings results 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 company had revenue of $3.66 billion during the quarter, compared to analysts' expectations of $3.66 billion. Reliance had a return on equity of 10.48% and a net margin of 5.39%. Reliance's revenue for the quarter was up .5% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.65 EPS.

Reliance Stock Down 12.2%

Reliance stock opened at $301.78 on Friday. Reliance has a 12 month low of $250.07 and a 12 month high of $347.43. The stock has a fifty day simple moving average of $313.48 and a two-hundred day simple moving average of $295.49. The company has a current ratio of 3.17, a quick ratio of 1.58 and a debt-to-equity ratio of 0.15. The firm has a market cap of $15.87 billion, a price-to-earnings ratio of 22.03, a PEG ratio of 1.51 and a beta of 0.89.

Hedge Funds Weigh In On Reliance

Hedge funds have recently bought and sold shares of the business. Merewether Investment Management LP purchased a new position in Reliance in the 4th quarter worth about $9,963,000. O Shaughnessy Asset Management LLC raised its position in Reliance by 38.5% in the 4th 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 last quarter. Loomis Sayles & Co. L P raised its position in Reliance by 3.5% in the 4th 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 last quarter. Envestnet Portfolio Solutions Inc. raised its position in Reliance by 12.7% in the 4th 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 last quarter. Finally, GAMMA Investing LLC raised its position in Reliance by 17.4% in the 1st quarter. GAMMA Investing LLC now owns 966 shares of the industrial products company's stock worth $279,000 after buying an additional 143 shares during the last quarter. Hedge funds and other institutional investors own 79.26% of the company's stock.

Reliance Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 15th will be given a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date is Friday, August 15th. Reliance's dividend payout ratio (DPR) is 35.04%.

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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