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

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

Reliance Steel & Aluminum declared a quarterly dividend on Tuesday, July 23rd. Shareholders of record on Friday, August 16th will be given a dividend of $0.55 per share on Friday, September 6th. This represents a $2.20 annualized dividend and a yield of 2.16%. The ex-dividend date is Thursday, August 15th. View Reliance Steel & Aluminum's Dividend History.

Reliance Steel & Aluminum Co (NYSE:RS) issued its quarterly earnings data on Thursday, July, 25th. The industrial products company reported $2.71 EPS for the quarter, topping the Zacks' consensus estimate of $2.60 by $0.11. The industrial products company earned $2.88 billion during the quarter, compared to analysts' expectations of $2.93 billion. Reliance Steel & Aluminum had a return on equity of 12.85% and a net margin of 5.22%. The company's revenue was down 3.5% compared to the same quarter last year. During the same quarter last year, the business posted $3.10 EPS. View Reliance Steel & Aluminum's Earnings History.

Reliance Steel & Aluminum is scheduled to release their next quarterly earnings announcement on Thursday, October 24th 2019. View Earnings Estimates for Reliance Steel & Aluminum.

Reliance Steel & Aluminum updated its third quarter earnings guidance on Thursday, July, 25th. The company provided earnings per share guidance of $1.90-2.00 for the period, compared to the Thomson Reuters consensus estimate of $1.96.

8 analysts have issued 12-month price objectives for Reliance Steel & Aluminum's stock. Their forecasts range from $76.00 to $109.00. On average, they anticipate Reliance Steel & Aluminum's stock price to reach $98.8750 in the next year. This suggests that the stock has a possible downside of 3.1%. View Analyst Price Targets for Reliance Steel & Aluminum.

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Reliance Steel & Aluminum in the last year. There are currently 4 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Reliance Steel & Aluminum.

News articles about RS stock have trended somewhat negative on Monday, according to InfoTrie. InfoTrie identifies negative and positive media coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Reliance Steel & Aluminum earned a news sentiment score of -1.3 on InfoTrie's scale. They also gave media headlines about the industrial products company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the company's share price in the near future. View News Stories for Reliance Steel & Aluminum.

Reliance Steel & Aluminum saw a increase in short interest during the month of August. As of August 31st, there was short interest totalling 1,846,400 shares, an increase of 20.1% from the July 31st total of 1,537,500 shares. Based on an average trading volume of 486,600 shares, the short-interest ratio is currently 3.8 days. Currently, 2.9% of the shares of the company are sold short. View Reliance Steel & Aluminum's Current Options Chain.

Some companies that are related to Reliance Steel & Aluminum include MITSUBISHI CORP/S (MSBHY), MARUBENI CORP/ADR (MARUY), Ryerson (RYI), L.B. Foster (FSTR) and Olympic Steel (ZEUS).

Based on aggregate information from My MarketBeat watchlists, some companies that other Reliance Steel & Aluminum investors own include CA (CA), BlackRock (BLK), Endologix (ELGX), Chipotle Mexican Grill (CMG), Athabasca Oil (ATH), NIC (EGOV), Aegean Marine Petroleum Network (ANW), Micron Technology (MU), Workday (WDAY) and Transocean (RIG).

Reliance Steel & Aluminum's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (9.74%), BlackRock Inc. (9.47%), BlackRock Inc. (9.47%), Victory Capital Management Inc. (6.17%), Acadian Asset Management LLC (2.07%) and Bank of New York Mellon Corp (1.48%). Company insiders that own Reliance Steel & Aluminum stock include Andrew G Sharkey III, Arthur Ajemyan, David H Hannah, Douglas M Hayes, Gregg J Mollins, James Donald Hoffman, Jeffrey Wayne Durham, Mark V Kaminski, Michael Patrick Shanley, Stephen Paul Koch, Thomas W Gimbel and William A Smith II. View Institutional Ownership Trends for Reliance Steel & Aluminum.

RS stock was sold by a variety of institutional investors in the last quarter, including Luminus Management LLC, Price T Rowe Associates Inc. MD, BlackRock Inc., BlackRock Inc., BNP Paribas Arbitrage SA, Poplar Forest Capital LLC, Schroder Investment Management Group and California Public Employees Retirement System. Company insiders that have sold Reliance Steel & Aluminum company stock in the last year include Andrew G Sharkey III, Arthur Ajemyan, David H Hannah, Gregg J Mollins, Jeffrey Wayne Durham, Michael Patrick Shanley, Stephen Paul Koch and William A Smith II. View Insider Buying and Selling for Reliance Steel & Aluminum.

RS stock was bought by a variety of institutional investors in the last quarter, including Wells Fargo & Company MN, Nuveen Asset Management LLC, Invesco Ltd., Allianz Asset Management GmbH, APG Asset Management N.V., WINTON GROUP Ltd, Vanguard Group Inc. and Skandinaviska Enskilda Banken AB publ. View Insider Buying and Selling for Reliance Steel & Aluminum.

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

One share of RS stock can currently be purchased for approximately $102.05.

Reliance Steel & Aluminum has a market capitalization of $6.80 billion and generates $11.53 billion in revenue each year. The industrial products company earns $633.70 million in net income (profit) each year or $8.94 on an earnings per share basis. Reliance Steel & Aluminum employs 15,600 workers across the globe.View Additional Information About Reliance Steel & Aluminum.

The official website for Reliance Steel & Aluminum is http://www.rsac.com/.

Reliance Steel & Aluminum's mailing address is 350 South Grand Avenue Suite 5100, LOS ANGELES CA, 90071. The industrial products company can be reached via phone at 213-687-7700 or via email at [email protected]