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Reliance Steel & Aluminum Stock Price, News & Analysis (NYSE:RS)

$279.60
+4.34 (+1.58%)
(As of 11:45 AM ET)
Compare
Today's Range
$275.59
$279.99
50-Day Range
$244.57
$275.26
52-Week Range
$196.11
$295.98
Volume
51,900 shs
Average Volume
383,597 shs
Market Capitalization
$16.07 billion
P/E Ratio
11.75
Dividend Yield
1.43%
Price Target
$275.00

Reliance Steel & Aluminum MarketRank™ Stock Analysis

Analyst Rating
Hold
2.40 Rating Score
Upside/​Downside
1.4% Downside
$275.00 Price Target
Short Interest
Healthy
1.49% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-6.17
Upright™ Environmental Score
News Sentiment
1.07mentions of Reliance Steel & Aluminum in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-13.02%
From $21.73 to $18.90 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.77 out of 5 stars

Industrial Products Sector

136th out of 182 stocks

Metals Service Centers & Offices Industry

2nd out of 4 stocks


RS stock logo

About Reliance Steel & Aluminum Stock (NYSE:RS)

Reliance Steel & Aluminum Co. 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 founded in 1939 and is based in Scottsdale, Arizona.

RS Stock Price History

RS Stock News Headlines

New CBOE “special perk” helps traders target income every weekend
You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.
Q3 2023 Reliance Steel & Aluminum Co Earnings Call
New CBOE “special perk” helps traders target income every weekend
You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.
Reliance Steel (RS) Lags Q3 Earnings Estimates
File This Rally Under 'Oddball'
Q2 2023 Reliance Steel & Aluminum Co Earnings Call
See More Headlines
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Company Calendar

Last Earnings
10/26/2023
Ex-Dividend for 12/1 Dividend
11/16/2023
Today
12/01/2023
Dividend Payable
12/01/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/15/2024

Industry, Sector and Symbol

Industry
Metals service centers & offices
Sub-Industry
Steel
CUSIP
75950910
Employees
14,500
Year Founded
1939

Price Target and Rating

Average Stock Price Target
$275.00
High Stock Price Target
$285.00
Low Stock Price Target
$265.00
Potential Upside/Downside
-0.1%
Consensus Rating
Hold
Rating Score (0-4)
2.40
Research Coverage
5 Analysts

Profitability

Net Income
$1.84 billion
Pretax Margin
12.30%

Debt

Sales & Book Value

Annual Sales
$17.03 billion
Cash Flow
$36.22 per share
Book Value
$134.59 per share

Miscellaneous

Free Float
57,115,000
Market Cap
$15.82 billion
Optionable
Optionable
Beta
0.93

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RS Stock Analysis - Frequently Asked Questions

Should I buy or sell Reliance Steel & Aluminum stock right now?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Reliance Steel & Aluminum in the last twelve months. There are currently 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" RS shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in RS, but not buy additional shares or sell existing shares.
View RS analyst ratings
or view top-rated stocks.

What is Reliance Steel & Aluminum's stock price target for 2024?

5 brokerages have issued 12 month price objectives for Reliance Steel & Aluminum's stock. Their RS share price targets range from $265.00 to $285.00. On average, they predict the company's share price to reach $275.00 in the next year. This suggests that the stock has a possible downside of 1.4%.
View analysts price targets for RS
or view top-rated stocks among Wall Street analysts.

How have RS shares performed in 2023?

Reliance Steel & Aluminum's stock was trading at $202.44 at the start of the year. Since then, RS shares have increased by 37.8% and is now trading at $279.01.
View the best growth stocks for 2023 here
.

When is Reliance Steel & Aluminum's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 15th 2024.
View our RS earnings forecast
.

How were Reliance Steel & Aluminum's earnings last quarter?

Reliance Steel & Aluminum Co. (NYSE:RS) announced its earnings results on Thursday, October, 26th. The industrial products company reported $5.00 earnings per share (EPS) for the quarter, hitting the consensus estimate of $5.00. The industrial products company earned $3.62 billion during the quarter, compared to the consensus estimate of $3.61 billion. Reliance Steel & Aluminum had a net margin of 9.38% and a trailing twelve-month return on equity of 18.92%. The business's revenue for the quarter was down 14.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $6.48 EPS.

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

Reliance Steel & Aluminum announced a quarterly dividend on Tuesday, October 24th. Stockholders of record on Friday, November 17th will be paid a dividend of $1.00 per share on Friday, December 1st. This represents a $4.00 annualized dividend and a yield of 1.43%. The ex-dividend date of this dividend is Thursday, November 16th.
Read our dividend analysis for RS
.

Is Reliance Steel & Aluminum a good dividend stock?

Reliance Steel & Aluminum (NYSE:RS) pays an annual dividend of $4.00 per share and currently has a dividend yield of 1.48%. The company has been increasing its dividend for 13 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 16.81%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RS will have a dividend payout ratio of 21.16% 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 Steel & Aluminum issued on next quarter's earnings?

Reliance Steel & Aluminum issued an update on its fourth quarter earnings guidance on Thursday, October, 26th. The company provided earnings per share (EPS) guidance of $3.70-3.90 for the period, compared to the consensus earnings per share estimate of $4.21.

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

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

What other stocks do shareholders of Reliance Steel & Aluminum own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Reliance Steel & Aluminum investors own include CA (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 Steel & Aluminum's major shareholders?

Reliance Steel & Aluminum's stock is owned by many different institutional and retail investors. Top institutional investors include Yacktman Asset Management LP (2.10%), Royal London Asset Management Ltd. (1.71%), LSV Asset Management (1.59%), FMR LLC (1.55%), Acadian Asset Management LLC (1.55%) and Invesco Ltd. (1.26%). Insiders that own company stock include Arthur Ajemyan, James Donald Hoffman, Jeffrey Wayne Durham, Karla R Lewis, Mark V Kaminski, Sean Michael Mollins, Stephen Paul Koch and William A Smith II.
View institutional ownership trends
.

How do I buy shares of Reliance Steel & Aluminum?

Shares of RS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

Does Reliance Steel & Aluminum have any subsidiaries?
The following companies are subsidiares of Reliance Steel & Aluminum: 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 12/1/2023 by MarketBeat.com Staff

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