NYSE:RS

Reliance (RS) Stock Price, News & Analysis

$298.37
+0.31 (+0.10%)
(As of 05/17/2024 ET)
Today's Range
$296.59
$299.71
50-Day Range
$284.54
$340.00
52-Week Range
$229.12
$342.20
Volume
356,393 shs
Average Volume
338,671 shs
Market Capitalization
$17.14 billion
P/E Ratio
13.94
Dividend Yield
1.47%
Price Target
$362.33

Reliance MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
21.4% Upside
$362.33 Price Target
Short Interest
Healthy
1.65% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-6.17
Upright™ Environmental Score
News Sentiment
0.34mentions of Reliance in the last 14 days
Based on 33 Articles This Week
Insider Trading
Selling Shares
$33.23 M Sold Last Quarter
Proj. Earnings Growth
-4.84%
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.

3.87 out of 5 stars

Basic Materials Sector

50th out of 169 stocks

Metals Service Centers & Offices Industry

1st 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 StockNews.com
Reliance, Inc. (NYSE:RS) Director Sells 5,000 Shares
See More Headlines
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Company Calendar

Ex-Dividend for 3/22 Dividend
3/07/2024
Dividend Payable
3/22/2024
Last Earnings
4/25/2024
Today
5/18/2024
Ex-Dividend for 6/7 Dividend
5/23/2024
Dividend Payable
6/07/2024
Next Earnings (Estimated)
7/25/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Metals service centers & offices
Sub-Industry
Steel
CUSIP
75950910
Employees
15,000
Year Founded
1939

Price Target and Rating

Average Stock Price Target
$362.33
High Stock Price Target
$380.00
Low Stock Price Target
$345.00
Potential Upside/Downside
+21.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
3 Analysts

Profitability

Net Income
$1.34 billion
Pretax Margin
11.24%

Debt

Sales & Book Value

Annual Sales
$14.81 billion
Cash Flow
$27.55 per share
Book Value
$138.31 per share

Miscellaneous

Free Float
57,031,000
Market Cap
$17.14 billion
Optionable
Optionable
Beta
0.92

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RS Stock Analysis - Frequently Asked Questions

Should I buy or sell Reliance stock right now?

3 Wall Street 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 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 Wall Street analysts have issued 1 year price targets for Reliance's shares. Their RS share price targets range from $345.00 to $380.00. On average, they expect the company's share price to reach $362.33 in the next twelve months. This suggests a possible upside of 21.4% 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 on January 1st, 2024. Since then, RS stock has increased by 6.7% and is now trading at $298.37.
View the best growth stocks for 2024 here
.

Are investors shorting Reliance?

Reliance saw a increase in short interest in 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 trading volume, of 279,800 shares, the days-to-cover ratio is presently 3.4 days. Currently, 1.7% of the shares of the stock 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) issued its quarterly earnings results on Thursday, April, 25th. The industrial products company reported $5.30 EPS for the quarter, missing the consensus estimate of $5.51 by $0.21. The industrial products company earned $3.64 billion during the quarter, compared to analysts' expectations of $3.76 billion. Reliance had a trailing twelve-month return on equity of 16.26% and a net margin of 8.67%. The firm's revenue for the quarter was down 8.1% on a year-over-year basis. During the same period last year, the company posted $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 paid a dividend of $1.10 per share on Friday, June 7th. This represents a $4.40 dividend on an annualized basis 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 1.48%. 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 earnings per share guidance of $4.70 to $4.90 for the period, compared to the consensus EPS 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 Glassdoor.com. 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 5/19/2024 by MarketBeat.com Staff

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