NYSE:RS - Reliance Steel & Aluminum Stock Price, Forecast & News

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

Reliance Steel & Aluminum announced a quarterly dividend on Tuesday, February 18th. Stockholders of record on Friday, March 13th will be paid a dividend of $0.625 per share on Friday, March 27th. This represents a $2.50 annualized dividend and a dividend yield of 2.25%. The ex-dividend date of this dividend is Thursday, March 12th. This is a boost from Reliance Steel & Aluminum's previous quarterly dividend of $0.55. View Reliance Steel & Aluminum's Dividend History.

Reliance Steel & Aluminum Co (NYSE:RS) announced its quarterly earnings results on Thursday, February, 20th. The industrial products company reported $2.44 earnings per share for the quarter, beating analysts' consensus estimates of $1.73 by $0.71. The industrial products company had revenue of $2.45 billion for the quarter, compared to analyst estimates of $2.49 billion. Reliance Steel & Aluminum had a net margin of 6.39% and a return on equity of 13.98%. The company's quarterly revenue was down 13.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.08 EPS. View Reliance Steel & Aluminum's Earnings History.

Reliance Steel & Aluminum is scheduled to release their next quarterly earnings announcement on Thursday, April 23rd 2020. View Earnings Estimates for Reliance Steel & Aluminum.

Reliance Steel & Aluminum issued an update on its first quarter earnings guidance on Thursday, February, 20th. The company provided EPS guidance of $2.00-2.10 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.39.

9 analysts have issued 1 year price objectives for Reliance Steel & Aluminum's shares. Their forecasts range from $76.00 to $122.00. On average, they anticipate Reliance Steel & Aluminum's stock price to reach $109.11 in the next twelve months. This suggests that the stock has a possible downside of 1.7%. View Analyst Price Targets for Reliance Steel & Aluminum.

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Reliance Steel & Aluminum in the last year. There are currently 8 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Reliance Steel & Aluminum.

News articles about RS stock have trended somewhat negative this week, according to InfoTrie. The research group identifies negative and positive press coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Reliance Steel & Aluminum earned a daily sentiment score of -1.8 on InfoTrie's scale. They also gave headlines about the industrial products company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock's share price in the near term. View News Stories for Reliance Steel & Aluminum.

Reliance Steel & Aluminum saw a decrease in short interest during the month of January. As of January 31st, there was short interest totalling 2,040,000 shares, a decrease of 9.7% from the January 15th total of 2,260,000 shares. Based on an average daily trading volume, of 503,500 shares, the days-to-cover ratio is presently 4.1 days. Approximately 3.2% of the company's stock are sold short. View Reliance Steel & Aluminum's Current Options Chain.

Some companies that are related to Reliance Steel & Aluminum include Nucor (NUE), Steel Dynamics (STLD), Allegheny Technologies (ATI), Commercial Metals (CMC), Carpenter Technology (CRS), Worthington Industries (WOR), Cleveland-Cliffs (CLF), United States Steel (X), AK Steel (AKS), Schnitzer Steel Industries (SCHN), Haynes International (HAYN), Olympic Steel (ZEUS) and Universal Stainless & Alloy Products (USAP).

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), Transocean (RIG), Aegean Marine Petroleum Network (ANW), Workday (WDAY) and Unilever (UL).

Reliance Steel & Aluminum's stock is owned by a number of of institutional and retail investors. Top institutional investors include Victory Capital Management Inc. (3.15%), Victory Capital Management Inc. (3.13%), State Street Corp (2.93%), Acadian Asset Management LLC (2.21%), FMR LLC (1.87%) and Bank of New York Mellon Corp (1.75%). 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, Karla R Lewis, 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 Victory Capital Management Inc., Victory Capital Management Inc., Poplar Forest Capital LLC, Schroder Investment Management Group, Lord Abbett & CO. LLC, Renaissance Technologies LLC, Franklin Resources Inc. and South Dakota Investment Council. Company insiders that have sold Reliance Steel & Aluminum company stock in the last year include Andrew G Sharkey III, Arthur Ajemyan, Gregg J Mollins, James Donald Hoffman, Jeffrey Wayne Durham, Karla R Lewis, Michael Patrick Shanley, Stephen Paul Koch and William A Smith II. View Insider Buying and Selling for Reliance Steel & Aluminum.

RS stock was purchased by a variety of institutional investors in the last quarter, including FMR LLC, New York State Common Retirement Fund, Acadian Asset Management LLC, Amundi Pioneer Asset Management Inc., Denali Advisors LLC, Skandinaviska Enskilda Banken AB publ , Mackay Shields LLC and Man Group plc. 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 $110.95.

Reliance Steel & Aluminum has a market capitalization of $7.40 billion and generates $10.97 billion in revenue each year. The industrial products company earns $633.70 million in net income (profit) each year or $10.34 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]