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Reliance (RS) Stock Price, News & Analysis

-3.26 (-1.07%)
(As of 03:27 PM ET)
Today's Range
50-Day Range
52-Week Range
128,676 shs
Average Volume
259,317 shs
Market Capitalization
$17.23 billion
P/E Ratio
Dividend Yield
Price Target

Reliance MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.67 Rating Score
20.8% Upside
$362.33 Price Target
Short Interest
1.65% of Float Sold Short
Dividend Strength
Based on Four Factors
Upright™ Environmental Score
News Sentiment
0.35mentions of Reliance in the last 14 days
Based on 25 Articles This Week
Insider Trading
Selling Shares
$19.72 M Sold Last Quarter
Proj. Earnings Growth
From $19.63 to $18.68 Per Share

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.

3.84 out of 5 stars

Basic Materials Sector

55th out of 171 stocks

Metals Service Centers & Offices Industry

2nd out of 4 stocks

RS stock logo

About Reliance Stock (NYSE:RS)

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. 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.

RS Stock Price History

RS Stock News Headlines

Reliance (NYSE:RS) Downgraded to Hold at
Reliance, Inc. (NYSE:RS) Director Sells 5,000 Shares
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Company Calendar

Ex-Dividend for 3/22 Dividend
Dividend Payable
Last Earnings
Ex-Dividend for 6/7 Dividend
Dividend Payable
Next Earnings (Estimated)
Fiscal Year End

Industry, Sector and Symbol

Metals service centers & offices
Year Founded

Price Target and Rating

Average Stock Price Target
High Stock Price Target
Low Stock Price Target
Potential Upside/Downside
Consensus Rating
Moderate Buy
Rating Score (0-4)
Research Coverage
3 Analysts


Net Income
$1.34 billion
Pretax Margin


Sales & Book Value

Annual Sales
$14.81 billion
Cash Flow
$27.77 per share
Book Value
$134.66 per share


Free Float
Market Cap
$17.29 billion

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RS Stock Analysis - Frequently Asked Questions

Should I buy or sell Reliance stock right now?

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Reliance in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" RS shares.
View RS analyst ratings
or view top-rated stocks.

What is Reliance's stock price target for 2024?

3 brokerages have issued twelve-month target prices for Reliance's stock. Their RS share price targets range from $345.00 to $380.00. On average, they predict the company's share price to reach $362.33 in the next twelve months. This suggests a possible upside of 20.8% from the stock's current price.
View analysts price targets for RS
or view top-rated stocks among Wall Street analysts.

How have RS shares performed in 2024?

Reliance's stock was trading at $279.68 at the beginning of the year. Since then, RS stock has increased by 7.2% and is now trading at $299.91.
View the best growth stocks for 2024 here

Are investors shorting Reliance?

Reliance saw a increase in short interest during the month of April. As of April 30th, there was short interest totaling 941,500 shares, an increase of 38.7% from the April 15th total of 678,700 shares. Based on an average daily volume of 279,800 shares, the short-interest ratio is presently 3.4 days. Currently, 1.7% of the shares of the company are short sold.
View Reliance's Short Interest

When is Reliance's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 25th 2024.
View our RS earnings forecast

How were Reliance's earnings last quarter?

Reliance, Inc. (NYSE:RS) released its quarterly earnings results on Thursday, April, 25th. The industrial products company reported $5.30 EPS for the quarter, missing analysts' consensus estimates of $5.51 by $0.21. The industrial products company earned $3.64 billion during the quarter, compared to analyst estimates of $3.76 billion. Reliance had a net margin of 8.67% and a trailing twelve-month return on equity of 16.26%. The business's quarterly revenue was down 8.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $6.37 earnings per share.

How often does Reliance pay dividends? What is the dividend yield for Reliance?

Reliance announced a quarterly dividend on Tuesday, April 23rd. Investors of record on Friday, May 24th will be given a dividend of $1.10 per share on Friday, June 7th. This represents a $4.40 annualized dividend and a dividend yield of 1.47%. The ex-dividend date is Thursday, May 23rd.
Read our dividend analysis for RS

Is Reliance a good dividend stock?

Reliance (NYSE:RS) pays an annual dividend of $4.40 per share and currently has a dividend yield of 1.47%. The company has been increasing its dividend for 14 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 20.55%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RS will have a dividend payout ratio of 23.55% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for RS.

What guidance has Reliance issued on next quarter's earnings?

Reliance updated its second quarter earnings guidance on Thursday, April, 25th. The company provided EPS guidance of $4.70 to $4.90 for the period, compared to the consensus estimate of $5.34.

What is David H. Hannah's approval rating as Reliance's CEO?

21 employees have rated Reliance Chief Executive Officer David H. Hannah on David H. Hannah has an approval rating of 86% among the company's employees.

What other stocks do shareholders of Reliance own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Reliance investors own include Xtrackers California Municipal Bond ETF (CA), BlackRock (BLK), Chipotle Mexican Grill (CMG), Endologix (ELGX), Athabasca Oil (ATH), Micron Technology (MU), Accenture (ACN), Boeing (BA), NIC (EGOV) and

Who are Reliance's major shareholders?

Reliance's stock is owned by many different retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (11.99%), Price T Rowe Associates Inc. MD (2.28%), Acadian Asset Management LLC (1.87%), LSV Asset Management (1.25%), Lord Abbett & CO. LLC (1.02%) and Bank of New York Mellon Corp (0.94%). Insiders that own company stock include Arthur Ajemyan, James Donald Hoffman, Jeffrey Wayne Durham, Karla R Lewis, Mark V Kaminski, Michael R Hynes, Sean Michael Mollins, Stephen Paul Koch and William A Smith II.
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.

Does Reliance have any subsidiaries?
The following companies are subsidiares of Reliance: AMI Metals Aero Services Ankara Havacılık Anonim Şirketi, AMI Metals Europe SPRL, AMI Metals Inc. , AMI Metals UK Limited, Acero Prime S. de R.L. de C.V., Admiral Metals Servicenter Company, Admiral Metals Servicenter Company Inc., Airport Metals, Alaska Steel Company, Alaska Steel Company, Aleaciones Especiales de Mexico S. de R.L. de C.V., All Metal Services (Malaysia) Sdn., All Metal Services India Private Limited, All Metal Services Limited, All Metal Services Ltd. (Xi’an), All Metals Holding, All Metals Processing & Logistics Inc., Allegheny Steel Distributors Inc., American Metals Corporation, Best Manufacturing Inc., CCC Steel Inc., Chapel Steel, Chapel Steel Canada Ltd., Chatham Steel, Clayton Metals Inc., Continental Alloys & Services (Malaysia) Sdn. Bhd., Continental Alloys & Services Limited, Continental Alloys & Services Pte. Ltd., Continental Alloys Middle East FZE, Crest Steel Corporation, Delta Steel Inc., Diamond Manufacturing, DuBose National Energy Fasteners & Machined Parts, DuBose National Energy Fasteners & Machined Parts Inc., DuBose National Energy Services, DuBose National Energy Services Inc., Durrett Sheppard Steel Co. Inc., Earle M. Jorgensen Company, FastMetals Inc., Feralloy Corporation, Ferguson Perforating Company, Ferguson Perforating Company, Fox Metals And Alloys, Fox Metals and Alloys Inc., Fry Steel, Fry Steel Company, GH Metal Solutions, GH Metal Solutions Inc., Haskins Steel, Infra-Metals Co., KMS FAB LLC, KMS Fab, KMS South, KMS South Inc., Liebovich Bros. Inc., McKey Perforating, Merfish United, Merfish United Inc., Metals USA, Metals USA Inc., Metalweb Limited, National Specialty Alloys, National Specialty Alloys Inc., Northern Illinois Steel Supply Co, Northern Illinois Steel Supply Co., Nu-Tech Precision Metals Inc., Nu-Tech Precision Metals Inc., PDM Steel Service Centers Inc., Pacific Metal Company, Phoenix Corporation, Precision Flamecutting and Steel Inc., Precision Strip Inc., Reliance Metalcenter Asia Pacific Pte. Ltd., Reliance Metals Canada Limited, Rotax Metals Inc, Rotax Metals Inc., Service Steel Aerospace Corp., Siskin Steel & Supply Company Inc., Sugar Steel, Sunbelt Steel Texas, Tubular Steel, Tubular Steel Inc., Valex Corp., Valex Korea Co. Ltd., Valex Semiconductor Materials (Zhejiang) Co. Ltd., Viking Materials Inc., and Yarde Metals Inc..
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This page (NYSE:RS) was last updated on 5/21/2024 by Staff

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