NYSE:RS Reliance (RS) Stock Price, News & Analysis $304.05 -4.10 (-1.33%) (As of 07/26/2024 ET) Add Compare Share Share Today's Range$301.81▼$307.2150-Day Range$277.29▼$308.7552-Week Range$237.14▼$342.20Volume446,972 shsAverage Volume312,086 shsMarket Capitalization$17.46 billionP/E Ratio14.20Dividend Yield1.45%Price Target$346.25 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrendsStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrends Get Reliance alerts: Email Address Reliance MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.50 Rating ScoreUpside/Downside8.3% Upside$329.40 Price TargetShort InterestHealthy2.12% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-6.17Upright™ Environmental ScoreNews Sentiment0.34Based on 38 Articles This WeekInsider TradingSelling Shares$11.87 M Sold Last QuarterProj. Earnings Growth-2.52%From $18.63 to $18.16 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.3.06 out of 5 starsBasic Materials Sector93rd out of 175 stocksMetals Service Centers & Offices Industry3rd out of 4 stocks 1.1 Analyst's Opinion Consensus RatingReliance has received a consensus rating of Hold. The company's average rating score is 2.20, and is based on 2 buy ratings, 2 hold ratings, and 1 sell rating.Amount of Analyst CoverageReliance has only been the subject of 3 research reports in the past 90 days.Read more about Reliance's stock forecast and price target. Previous Next 3.0 Short Interest Percentage of Shares Shorted2.12% of the float of Reliance has been sold short.Short Interest Ratio / Days to CoverReliance has a short interest ratio ("days to cover") of 3.1, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Reliance has recently increased by 9.01%, indicating that investor sentiment is decreasing significantly. Previous Next 4.2 Dividend Strength Dividend YieldReliance pays a meaningful dividend of 1.50%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthReliance has been increasing its dividend for 14 years.Dividend CoverageThe dividend payout ratio of Reliance is 20.55%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Reliance will have a dividend payout ratio of 24.23% next year. This indicates that Reliance will be able to sustain or increase its dividend.Read more about Reliance's dividend. Previous Next 0.0 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreReliance has received a -160.31% net impact score from Upright. The largest negative impact of Reliance Steel & Aluminum in category "GHG emissions" seems to be driven mostly by its "Tin processing services", "Copper processing services", "Aluminium processing services", and "Titanium" products. See details.Environmental SustainabilityThe Environmental Impact score for Reliance is -6.17. Previous Next 2.4 News and Social Media Coverage News SentimentReliance has a news sentiment score of 0.34. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Basic Materials companies.News Coverage This WeekMarketBeat has tracked 38 news articles for Reliance this week, compared to 10 articles on an average week.Search InterestOnly 3 people have searched for RS on MarketBeat in the last 30 days. This is a decrease of -25% compared to the previous 30 days.MarketBeat Follows6 people have added Reliance to their MarketBeat watchlist in the last 30 days. This is an increase of 50% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Reliance insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $11,866,855.00 in company stock.Percentage Held by InsidersOnly 0.69% of the stock of Reliance is held by insiders.Percentage Held by Institutions79.26% of the stock of Reliance is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Reliance's insider trading history. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for Reliance are expected to decrease by -2.52% in the coming year, from $18.63 to $18.16 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Reliance is 14.20, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 142.35.Price to Earnings Ratio vs. SectorThe P/E ratio of Reliance is 14.20, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 140.30.Price to Book Value per Share RatioReliance has a P/B Ratio of 2.26. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about Reliance's valuation and earnings. 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It sells its products directly to original equipment manufacturers, which primarily include small machine shops and fabricators. The company was formerly known as Reliance Steel & Aluminum Co. and changed its name to Reliance, Inc. in February 2024. Reliance, Inc. was founded in 1939 and is based in Scottsdale, Arizona.Read More RS Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart RS Stock News HeadlinesJuly 26 at 6:36 PM | markets.businessinsider.comBuy Rating Justified by Reliance Steel’s Strong Financials and Strategic Growth InitiativesJuly 26 at 6:36 PM | msn.comReliance Steel & Aluminum Co. (NYSE:RS) Q2 2024 Earnings Call TranscriptJuly 26, 2024 | DTI (Ad)We’re in a code red crisis and 99% of Americans are clueless Folks, it's 2024… Things that we used to rely on - are failing us. Take the phasing out of fossil fuels… Matched with the destruction of oil refineries around the world… And the outright failure of solar and wind technologies… But there is just one solution… And right now governments around the world are stockpiling this resource at the fastest rate in DECADES! July 26 at 7:52 AM | americanbankingnews.comReliance (NYSE:RS) Downgraded by Wolfe Research to UnderperformJuly 26 at 5:41 AM | msn.comReliance Jio vs Airtel unlimited 5G booster plans: What you get in Rs. 51, Rs. 101 recharge plansJuly 25 at 11:04 AM | investorplace.comRS Stock Earnings: Reliance Misses EPS, Misses Revenue for Q2 2024July 25 at 10:43 AM | msn.comReliance Jio Freedom Offer: Jio announces 30% discount on new AirFiber connectionsJuly 25 at 10:43 AM | markets.businessinsider.comReliance Q4 Results Miss EstimatesJuly 26, 2024 | DTI (Ad)We’re in a code red crisis and 99% of Americans are clueless Folks, it's 2024… Things that we used to rely on - are failing us. Take the phasing out of fossil fuels… Matched with the destruction of oil refineries around the world… And the outright failure of solar and wind technologies… But there is just one solution… And right now governments around the world are stockpiling this resource at the fastest rate in DECADES! July 25 at 10:43 AM | chron.comReliance: Q2 Earnings SnapshotJuly 25 at 10:43 AM | msn.comReliance Steel & Aluminum declares $1.10 dividendJuly 25 at 6:50 AM | globenewswire.comReliance, Inc. Reports Second Quarter 2024 Financial ResultsJuly 24 at 11:41 AM | msn.comLarsen & Toubro Q1 Results: Company's Profit Surges By 12% To Rs 2,786 Crore On Strong RevenuesJuly 24 at 11:41 AM | msn.comReliance Jio shuts down rumours: No extended validity for Rs 349 prepaid planJuly 23 at 6:59 PM | msn.comUnion Budget 2024 increases defence allocation to Rs 6.22 lakh crore, focuses on self-reliance and exportsJuly 23 at 5:35 AM | msn.comJio Rs 189 prepaid plan: Unlimited calls and 2GB data – cheaper than AirtelJuly 23 at 5:35 AM | msn.comReliance Jio updates Rs. 349 prepaid plan, extends validity to 30 days- All detailsJuly 23 at 5:35 AM | msn.comReliance Jio new Rs 999 prepaid plan offers more benefits than before; check all detailsSee More Headlines Receive RS Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Reliance and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Ex-Dividend for 6/7 Dividend5/23/2024Dividend Payable6/07/2024Last Earnings7/25/2024Today7/26/2024Next Earnings (Estimated)10/24/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorBasic Materials Industry Metals service centers & offices Sub-IndustrySteel Current SymbolNYSE:RS CUSIP75950910 CIK861884 Webwww.rsac.com Phone(480) 564-5700Fax213-687-8792Employees15,000Year Founded1939Price Target and Rating Average Stock Price Target$329.40 High Stock Price Target$380.00 Low Stock Price Target$262.00 Potential Upside/Downside+13.2%Consensus RatingModerate Buy Rating Score (0-4)2.50 Research Coverage5 Analysts Profitability EPS (Most Recent Fiscal Year)$21.41 Trailing P/E Ratio14.29 Forward P/E Ratio16.43 P/E GrowthN/ANet Income$1.34 billion Net Margins8.67% Pretax Margin11.24% Return on Equity16.26% Return on Assets11.98% Debt Debt-to-Equity Ratio0.14 Current Ratio5.74 Quick Ratio3.21 Sales & Book Value Annual Sales$14.81 billion Price / Sales1.19 Cash Flow$28.65 per share Price / Cash Flow10.68 Book Value$134.66 per share Price / Book2.27Miscellaneous Outstanding Shares57,430,000Free Float57,031,000Market Cap$17.57 billion OptionableOptionable Beta0.86 Social Links These 7 Stocks Will Be Magnificent in 2024With average gains of 150% since the start of 2023, now is the time to give these stocks a look and pump up your 2024 portfolio.Get This Free Report Key ExecutivesMs. Karla R. Lewis (Age 58)President, CEO & Director Comp: $5.63MMr. Arthur Ajemyan (Age 48)CFO & Senior VP Comp: $2.83MMr. Stephen P. Koch (Age 57)Executive VP & COO Comp: $3.26MMr. William A. Smith II (Age 56)Senior VP, General Counsel & Corporate Secretary Comp: $2.82MMr. James D. Hoffman (Age 65)Director & Senior Advisor to the CEO Mr. Jeffrey Wayne Durham (Age 61)Senior Vice President of Operations Comp: $2.83MMs. Suzanne M. Bonner (Age 49)Senior VP & Chief Information Officer Ms. Vandy C. LuptonVice President of Health & Human ResourcesMr. Sean Michael Mollins (Age 45)Senior Vice President of Operations Mr. Michael R. Hynes (Age 57)Senior Vice President of Operations More ExecutivesKey CompetitorsNucorNYSE:NUESteel DynamicsNASDAQ:STLDUnited States SteelNYSE:XATINYSE:ATICleveland-CliffsNYSE:CLFView All CompetitorsInsiders & InstitutionsBank of New York Mellon CorpSold 11,527 shares on 7/26/2024Ownership: 0.925%Liontrust Investment Partners LLPSold 5,152 shares on 7/26/2024Ownership: 0.090%State of Michigan Retirement SystemSold 400 shares on 7/26/2024Ownership: 0.025%Cambridge Investment Research Advisors Inc.Sold 863 shares on 7/26/2024Ownership: 0.012%Atomi Financial Group Inc.Bought 119 shares on 7/26/2024Ownership: 0.002%View All Insider TransactionsView All Institutional Transactions RS Stock Analysis - Frequently Asked Questions How have RS shares performed this year? Reliance's stock was trading at $279.68 at the start of the year. Since then, RS shares have increased by 8.7% and is now trading at $304.05. View the best growth stocks for 2024 here. How were Reliance's earnings last quarter? Reliance, Inc. (NYSE:RS) posted its quarterly earnings results on Thursday, July, 25th. The industrial products company reported $4.65 EPS for the quarter, missing the consensus estimate of $4.73 by $0.08. The company's quarterly revenue was down 6.1% compared to the same quarter last year. What is David H. Hannah's approval rating as Reliance's CEO? 21 employees have rated Reliance Chief Executive Officer David H. Hannah on Glassdoor.com. David H. Hannah has an approval rating of 86% among the company's employees. Does Reliance have any subsidiaries? Reliance subsidiaries include Rotax Metals Inc., Admiral Metals Servicenter Company Inc., Nu-Tech Precision Metals Inc., Merfish United, Fry Steel, All Metals Holding, KMS Fab, and others. Who are Reliance's major shareholders? Top institutional investors of Reliance include Bank of New York Mellon Corp (0.92%), Retirement Systems of Alabama (0.24%), Sumitomo Mitsui Trust Holdings Inc. (0.22%) and Allspring Global Investments Holdings LLC (0.20%). Insiders that own company stock include Karla R Lewis, James Donald Hoffman, Jeffrey Wayne Durham, William A Smith II, Sean Michael Mollins, Arthur Ajemyan, Mark V Kaminski, Stephen Paul Koch and Michael R Hynes. View institutional ownership trends. How do I buy shares of Reliance? Shares of RS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. What other stocks do shareholders of Reliance own? Based on aggregate information from My MarketBeat watchlists, some other companies that Reliance investors own include Xtrackers California Municipal Bond ETF (CA), BlackRock (BLK), Chipotle Mexican Grill (CMG), Endologix (ELGX), Athabasca Oil (ATH), Micron Technology (MU) and Accenture (ACN). 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