Zacks Research Issues Negative Outlook for Reliance Earnings

Key Points

• Zacks Research has lowered its FY2025 earnings per share estimate for Reliance from $15.04 to $14.98, which is below the consensus estimate of $16.98 per share.
• Reliance recently reported Q2 earnings of $4.43 per share, falling short of expectations of $4.72 per share, despite a slight revenue increase of 0.5% year-over-year.
• The company announced a quarterly dividend of $1.20 per share, representing an annualized yield of 1.7%, with a dividend payout ratio of 35.04%.

Reliance, Inc. (NYSE:RS - Free Report) - Zacks Research reduced their FY2025 EPS estimates for Reliance in a research note issued on Tuesday, August 5th. Zacks Research analyst R. Department now forecasts that the industrial products company will post earnings per share of $14.98 for the year, down from their prior estimate of $15.04. The consensus estimate for Reliance's current full-year earnings is $16.98 per share. Zacks Research also issued estimates for Reliance's Q2 2026 earnings at $4.96 EPS, Q3 2026 earnings at $3.83 EPS and Q1 2027 earnings at $6.02 EPS.

Reliance Price Performance

Shares of RS stock opened at $285.78 on Thursday. The stock has a 50 day moving average price of $312.44 and a 200 day moving average price of $296.54. Reliance has a 52-week low of $250.07 and a 52-week high of $347.43. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.51 and a current ratio of 3.18. The firm has a market capitalization of $15.03 billion, a P/E ratio of 20.86, a P/E/G ratio of 1.37 and a beta of 0.89.

Reliance (NYSE:RS - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The industrial products company reported $4.43 earnings per share for the quarter, missing the consensus estimate of $4.72 by ($0.29). Reliance had a net margin of 5.39% and a return on equity of 10.48%. The firm had revenue of $3.66 billion during the quarter, compared to analysts' expectations of $3.66 billion. During the same period in the prior year, the company posted $4.65 EPS. The company's revenue was up .5% compared to the same quarter last year.

Reliance Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 15th will be given a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Friday, August 15th. Reliance's dividend payout ratio (DPR) is 35.04%.

Institutional Trading of Reliance

A number of large investors have recently made changes to their positions in RS. IFP Advisors Inc lifted its stake in Reliance by 10.7% during the 2nd quarter. IFP Advisors Inc now owns 340 shares of the industrial products company's stock valued at $112,000 after acquiring an additional 33 shares during the period. HB Wealth Management LLC lifted its position in Reliance by 2.6% during the second quarter. HB Wealth Management LLC now owns 1,338 shares of the industrial products company's stock valued at $420,000 after purchasing an additional 34 shares during the period. Cordatus Wealth Management LLC boosted its holdings in Reliance by 3.7% in the first quarter. Cordatus Wealth Management LLC now owns 974 shares of the industrial products company's stock valued at $281,000 after purchasing an additional 35 shares during the last quarter. Hemington Wealth Management grew its position in Reliance by 18.0% during the 1st quarter. Hemington Wealth Management now owns 229 shares of the industrial products company's stock worth $66,000 after purchasing an additional 35 shares during the period. Finally, Oregon Public Employees Retirement Fund raised its stake in shares of Reliance by 0.3% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 11,083 shares of the industrial products company's stock valued at $3,200,000 after buying an additional 38 shares during the last quarter. 79.26% of the stock is owned by hedge funds and other institutional investors.

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.

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