Zacks Research Has Bearish Estimate for Reliance Q3 Earnings

Reliance, Inc. (NYSE:RS - Free Report) - Zacks Research dropped their Q3 2025 earnings per share (EPS) estimates for Reliance in a research report issued to clients and investors on Tuesday, May 6th. Zacks Research analyst R. Department now expects that the industrial products company will post earnings per share of $3.66 for the quarter, down from their previous forecast of $3.96. The consensus estimate for Reliance's current full-year earnings is $16.98 per share. Zacks Research also issued estimates for Reliance's Q3 2026 earnings at $4.01 EPS and Q1 2027 earnings at $5.53 EPS.

Reliance (NYSE:RS - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The industrial products company reported $3.77 earnings per share for the quarter, beating the consensus estimate of $3.66 by $0.11. The firm had revenue of $3.48 billion during the quarter, compared to analyst estimates of $3.44 billion. Reliance had a net margin of 6.33% and a return on equity of 11.87%. The business's quarterly revenue was down 4.4% on a year-over-year basis. During the same period in the previous year, the firm earned $5.30 EPS.

A number of other research firms have also recently weighed in on RS. Wolfe Research upgraded shares of Reliance from an "underperform" rating to a "peer perform" rating in a research report on Wednesday, January 8th. KeyCorp lifted their price objective on Reliance from $321.00 to $327.00 and gave the stock an "overweight" rating in a report on Monday, February 24th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $319.00.

Reliance Price Performance

NYSE:RS opened at $297.95 on Thursday. The stock has a market capitalization of $15.67 billion, a PE ratio of 19.30 and a beta of 0.91. Reliance has a 52 week low of $250.07 and a 52 week high of $326.87. The company has a quick ratio of 1.58, a current ratio of 3.21 and a debt-to-equity ratio of 0.10. The stock's 50-day moving average price is $282.62 and its 200-day moving average price is $289.57.

Reliance Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 23rd will be paid a dividend of $1.20 per share. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $4.80 annualized dividend and a yield of 1.61%. Reliance's dividend payout ratio (DPR) is 34.41%.

Insider Buying and Selling at Reliance

In other Reliance news, CEO Karla R. Lewis sold 31,136 shares of Reliance stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $300.52, for a total value of $9,356,990.72. Following the completion of the transaction, the chief executive officer now directly owns 90,230 shares of the company's stock, valued at $27,115,919.60. The trade was a 25.65 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.35% of the company's stock.

Hedge Funds Weigh In On Reliance

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD raised its holdings in shares of Reliance by 9.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,709,737 shares of the industrial products company's stock valued at $998,886,000 after purchasing an additional 319,576 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of Reliance by 10.4% in the 4th quarter. Wellington Management Group LLP now owns 1,479,542 shares of the industrial products company's stock valued at $398,381,000 after acquiring an additional 138,866 shares during the last quarter. First Trust Advisors LP lifted its stake in Reliance by 15.5% during the fourth quarter. First Trust Advisors LP now owns 1,382,916 shares of the industrial products company's stock worth $372,364,000 after purchasing an additional 185,873 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in Reliance by 6,311.2% in the fourth quarter. Pacer Advisors Inc. now owns 816,465 shares of the industrial products company's stock valued at $219,841,000 after purchasing an additional 803,730 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in Reliance by 53.5% in the fourth quarter. Principal Financial Group Inc. now owns 725,685 shares of the industrial products company's stock valued at $195,402,000 after purchasing an additional 252,955 shares during the last quarter. Hedge funds and other institutional investors own 79.26% of the company's stock.

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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