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

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Reliance Steel & Aluminum in the last year. There are currently 1 hold rating and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" RS shares.
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6 Wall Street research analysts have issued 1 year price objectives for Reliance Steel & Aluminum's shares. Their RS share price forecasts range from $201.00 to $230.00. On average, they predict the company's share price to reach $222.40 in the next year. This suggests a possible upside of 7.8% 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 $162.22 at the start of the year. Since then, RS stock has increased by 27.2% and is now trading at $206.29.
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Reliance Steel & Aluminum saw a decrease in short interest in the month of November. As of November 15th, there was short interest totaling 571,500 shares, a decrease of 29.1% from the October 31st total of 805,900 shares. Based on an average trading volume of 439,100 shares, the days-to-cover ratio is presently 1.3 days. Approximately 1.0% of the company's shares are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 16th 2023.
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Reliance Steel & Aluminum Co. (NYSE:RS) announced its quarterly earnings results on Thursday, October, 27th. The industrial products company reported $6.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $6.19 by $0.29. The industrial products company earned $4.25 billion during the quarter, compared to the consensus estimate of $4.14 billion. Reliance Steel & Aluminum had a trailing twelve-month return on equity of 29.31% and a net margin of 10.98%. The company's quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter last year, the business earned $6.15 earnings per share.

Reliance Steel & Aluminum declared a quarterly dividend on Tuesday, October 25th. Stockholders of record on Friday, November 18th will be given a dividend of $0.875 per share on Friday, December 2nd. This represents a $3.50 annualized dividend and a yield of 1.70%. The ex-dividend date of this dividend is Thursday, November 17th.
Read our dividend analysis for RS.

Reliance Steel & Aluminum (NYSE:RS) pays an annual dividend of $3.50 per share and currently has a dividend yield of 1.68%. The company has been increasing its dividend for 11 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 11.45%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RS will have a dividend payout ratio of 17.63% 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 fourth quarter 2022 earnings guidance on Thursday, November, 3rd. The company provided EPS guidance of $4.30-$4.50 for the period, compared to the consensus EPS estimate of $4.26. 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 Vanguard Group Inc. (12.61%), BlackRock Inc. (9.57%), Dimensional Fund Advisors LP (3.91%), State Street Corp (3.70%), Victory Capital Management Inc. (2.46%) and Price T Rowe Associates Inc. MD (2.30%). Insiders that own company stock include Arthur Ajemyan, James Donald Hoffman, Jeffrey Wayne Durham, Karla R Lewis, Michael Patrick Shanley, 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 $206.29.

Reliance Steel & Aluminum (NYSE:RS) has a market capitalization of $12.11 billion and generates $14.09 billion in revenue each year. The industrial products company earns $1.41 billion in net income (profit) each year or $30.57 on an earnings per share basis.

The company employs 13,700 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.