Zacks Research Comments on Reliance's Q3 Earnings (NYSE:RS)

Key Points

• Zacks Research raised Reliance’s Q3 2026 EPS estimate to $6.50 from $4.14 and its FY2026 forecast to $22.57, above the current consensus of $21.33, while maintaining a “Strong Buy” rating.
• Reliance exceeded its latest quarterly expectations, reporting $6.27 EPS versus the $5.47 consensus and $4.63 billion in revenue versus $4.26 billion expected; revenue increased 26.5% year over year.
• Analyst sentiment remains mixed overall, with a consensus “Hold” rating and $378.67 price target, while Reliance declared a $1.25 quarterly dividend, equivalent to a 1.2% annual yield.

Reliance, Inc. (NYSE:RS - Free Report) - Analysts at Zacks Research increased their Q3 2026 earnings per share estimates for Reliance in a research report issued on Wednesday, August 5th. Zacks Research analyst Team now forecasts that the industrial products company will post earnings per share of $6.50 for the quarter, up from their prior forecast of $4.14. Zacks Research currently has a "Strong-Buy" rating on the stock. The consensus estimate for Reliance's current full-year earnings is $21.33 per share. Zacks Research also issued estimates for Reliance's Q4 2026 earnings at $4.64 EPS, FY2026 earnings at $22.57 EPS, Q3 2027 earnings at $6.19 EPS, Q4 2027 earnings at $4.48 EPS, FY2027 earnings at $21.24 EPS, Q1 2028 earnings at $4.45 EPS, Q2 2028 earnings at $4.66 EPS and FY2028 earnings at $18.09 EPS.

Reliance (NYSE:RS - Get Free Report) last announced its quarterly earnings results on Wednesday, July 22nd. The industrial products company reported $6.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.47 by $0.80. The business had revenue of $4.63 billion during the quarter, compared to the consensus estimate of $4.26 billion. Reliance had a return on equity of 12.51% and a net margin of 5.65%.Reliance's revenue was up 26.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.43 earnings per share. Reliance has set its Q3 2026 guidance at 6.400-6.600 EPS.

Several other analysts also recently commented on the stock. BMO Capital Markets increased their target price on shares of Reliance from $390.00 to $415.00 and gave the company a "market perform" rating in a report on Monday, July 27th. Wall Street Zen upgraded shares of Reliance from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 1st. Wells Fargo & Company upped their price objective on shares of Reliance from $372.00 to $398.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 23rd. KeyCorp increased their price objective on shares of Reliance from $378.00 to $418.00 and gave the company an "overweight" rating in a research note on Wednesday, June 24th. Finally, Bank of America cut shares of Reliance from a "neutral" rating to an "underperform" rating and set a $365.00 target price on the stock. in a research report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $378.67.

Reliance Price Performance

Shares of NYSE:RS opened at $417.75 on Friday. The company has a current ratio of 4.30, a quick ratio of 2.27 and a debt-to-equity ratio of 0.22. The stock has a market cap of $21.33 billion, a PE ratio of 24.29, a price-to-earnings-growth ratio of 1.13 and a beta of 0.96. The stock's fifty day simple moving average is $394.63 and its two-hundred day simple moving average is $354.08. Reliance has a 1-year low of $260.31 and a 1-year high of $424.77.

Institutional Investors Weigh In On Reliance

Large investors have recently modified their holdings of the stock. Costello Asset Management INC purchased a new position in Reliance in the first quarter valued at approximately $30,000. Brown Brothers Harriman & Co. increased its position in Reliance by 86.2% in the fourth quarter. Brown Brothers Harriman & Co. now owns 108 shares of the industrial products company's stock worth $31,000 after buying an additional 50 shares during the last quarter. Greenline Wealth Management LLC purchased a new stake in Reliance in the fourth quarter worth $32,000. Quarry LP bought a new stake in shares of Reliance in the third quarter valued at $32,000. Finally, Parkside Financial Bank & Trust raised its stake in shares of Reliance by 87.3% in the fourth quarter. Parkside Financial Bank & Trust now owns 118 shares of the industrial products company's stock valued at $34,000 after buying an additional 55 shares during the period. Hedge funds and other institutional investors own 79.26% of the company's stock.

Insider Transactions at Reliance

In other Reliance news, SVP William A. Smith II sold 2,353 shares of Reliance stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $414.21, for a total value of $974,636.13. Following the sale, the senior vice president owned 19,394 shares of the company's stock, valued at approximately $8,033,188.74. The trade was a 10.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Arthur Ajemyan sold 2,200 shares of Reliance stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $410.11, for a total transaction of $902,242.00. Following the completion of the sale, the chief financial officer directly owned 14,640 shares in the company, valued at approximately $6,004,010.40. This represents a 13.06% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.40% of the stock is currently owned by insiders.

Reliance Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, August 14th. Reliance's payout ratio is presently 29.07%.

Reliance News Roundup

Here are the key news stories impacting Reliance this week:

• Positive Sentiment: Zacks raised its FY2026 EPS forecast to $22.57 from $18.07 and its Q3 2026 estimate to $6.50 from $4.14. The FY2026 forecast is also above the current full-year consensus of $21.33, providing a potential earnings catalyst for Reliance. Zacks Research Reliance estimates
• Positive Sentiment: The research firm lifted its FY2027 EPS outlook to $21.24 from $18.44, raised Q3 2027 EPS to $6.19 from $4.46, and increased Q4 2027 EPS to $4.48 from $3.59. These upgrades indicate stronger anticipated earnings momentum beyond 2026. Zacks Research Reliance estimates
• Positive Sentiment: Zacks also modestly raised its Q1 2027 EPS estimate to $5.09 from $4.97 and Q2 2027 EPS to $5.48 from $5.41, reinforcing the improved intermediate-term outlook. Zacks Research Reliance estimates
• Neutral Sentiment: The analyst’s “Strong Buy” rating is constructive, but the changes are estimates rather than new company operating results. Investors will likely look for confirmation in Reliance’s upcoming results and guidance.
• Negative Sentiment: Longer-term forecasts were mixed: FY2028 EPS was cut to $18.09 from $19.32, while Q1 2028 EPS fell to $4.45 from $5.20 and Q2 2028 EPS declined to $4.66 from $5.47. The reductions suggest analysts expect some earnings normalization after the stronger 2026–2027 outlook. Zacks Research Reliance estimates

About Reliance

Reliance Steel & Aluminum Co NYSE: RS is a leading metals service center company that distributes and processes a broad array of metal products. The company offers cut-to-length, shearing, blanking, sawing, bending, machining and value-added services for carbon and alloy steel, stainless steel, aluminum, brass, titanium and specialty metal alloys. Its products serve diverse end markets, including energy, infrastructure, general manufacturing, transportation, aerospace and defense.

Founded in 1939 in Los Angeles, Reliance Steel & Aluminum has grown through a combination of organic expansion and strategic acquisitions.

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