Reliance Steel & Aluminum (RS) Stock Forecast, Price & News

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.
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5 brokerages have issued 12 month price objectives for Reliance Steel & Aluminum's shares. Their RS share price forecasts range from $265.00 to $280.00. On average, they predict the company's share price to reach $270.00 in the next twelve months. This suggests a possible upside of 2.5% from the stock's current price.
View analysts price targets for RS or view top-rated stocks among Wall Street analysts.

Reliance Steel & Aluminum's stock was trading at $202.44 at the start of the year. Since then, RS stock has increased by 30.1% and is now trading at $263.44.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
View our RS earnings forecast.

Reliance Steel & Aluminum will be holding an earnings conference call on Thursday, October 26th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Reliance Steel & Aluminum Co. (NYSE:RS) issued its quarterly earnings data on Thursday, July, 27th. The industrial products company reported $6.49 earnings per share for the quarter, missing the consensus estimate of $6.52 by $0.03. The industrial products company had revenue of $3.88 billion for the quarter, compared to analyst estimates of $3.98 billion. Reliance Steel & Aluminum had a trailing twelve-month return on equity of 20.88% and a net margin of 9.63%. The firm's revenue for the quarter was down 17.1% on a year-over-year basis. During the same period in the prior year, the business earned $9.15 earnings per share.

Reliance Steel & Aluminum announced a quarterly dividend on Tuesday, July 25th. Shareholders of record on Friday, August 18th will be given a dividend of $1.00 per share on Friday, September 1st. This represents a $4.00 annualized dividend and a dividend yield of 1.52%. The ex-dividend date of this dividend is Thursday, August 17th.
Read our dividend analysis for RS.

ETFs with the largest weight of Reliance Steel & Aluminum (NYSE:RS) stock in their portfolio include SPDR S&P Metals & Mining ETF (XME), VanEck Steel ETF (SLX), Invesco S&P MidCap Momentum ETF (XMMO), Qraft AI-Enhanced Next Value ETF (NVQ), Invesco Dorsey Wright Basic Materials Momentum ETF (PYZ), QRAFT AI-Enhanced U.S. Large Cap Momentum ETF (AMOM), Direxion Daily Metals & Mining Bull 2X Shares (MNM) and First Trust Materials AlphaDEX Fund (FXZ).

Reliance Steel & Aluminum (NYSE:RS) pays an annual dividend of $4.00 per share and currently has a dividend yield of 1.51%. 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 15.84%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RS will have a dividend payout ratio of 21.24% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for RS.

Reliance Steel & Aluminum updated its third quarter 2023 earnings guidance on Thursday, July, 27th. The company provided earnings per share (EPS) guidance of $4.90-$5.10 for the period, compared to the consensus estimate of $5.02. The company issued revenue guidance of -.

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.

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

Reliance Steel & Aluminum trades on the New York Stock Exchange (NYSE) under the ticker symbol "RS."

Reliance Steel & Aluminum's stock is owned by many different institutional and retail investors. Top institutional investors include BlackRock Inc. (11.87%), State Street Corp (4.45%), Dimensional Fund Advisors LP (2.92%), Yacktman Asset Management LP (2.13%), Acadian Asset Management LLC (1.77%) and LSV Asset Management (1.76%). Insiders that own company stock include Arthur Ajemyan, James Donald Hoffman, Jeffrey Wayne Durham, Karla R Lewis, Mark V Kaminski, Michael Patrick Shanley, Sean Michael Mollins, Stephen Paul Koch and William A Smith II.
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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.
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One share of RS stock can currently be purchased for approximately $263.44.

Reliance Steel & Aluminum (NYSE:RS) has a market capitalization of $15.43 billion and generates $17.03 billion in revenue each year. The industrial products company earns $1.84 billion in net income (profit) each year or $25.25 on an earnings per share basis.

The company employs 14,500 workers across the globe.

Reliance Steel & Aluminum's mailing address is 350 South Grand Avenue Suite 5100, LOS ANGELES CA, 90071. The official website for the company is www.rsac.com. The industrial products company can be reached via phone at (480) 564-5700, via email at investor@rsac.com, or via fax at 213-687-8792.