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3rd Massive Dollar Upheaval Has Started (Ad)
US to hold trade talks with Taiwan, island drills military
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3rd Massive Dollar Upheaval Has Started (Ad)
US to hold trade talks with Taiwan, island drills military
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Gas-powered muscle cars drive into the sunset, turn electric
NYSE:RS

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

$195.08
+0.28 (+0.14%)
(As of 08/18/2022 12:00 AM ET)
Add
Compare
Today's Range
$194.36
$196.69
50-Day Range
$163.47
$197.43
52-Week Range
$135.46
$211.65
Volume
201,341 shs
Average Volume
413,421 shs
Market Capitalization
$11.76 billion
P/E Ratio
6.44
Dividend Yield
1.80%
Price Target
$214.33

Reliance Steel & Aluminum MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.88 Rating Score
Upside/​Downside
9.9% Upside
$214.33 Price Target
Short Interest
Healthy
1.80% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-6.17
Upright™ Environmental Score
News Sentiment
0.45mentions of Reliance Steel & Aluminum in the last 14 days
Based on 8 Articles This Week
Insider Trading
Selling Shares
$1.88 M Sold Last Quarter
Proj. Earnings Growth
-25.69%
From $28.26 to $21.00 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.89 out of 5 stars

Industrial Products Sector

144th out of 186 stocks

Metals Service Centers & Offices Industry

4th out of 4 stocks

RS stock logo

About Reliance Steel & Aluminum (NYSE:RS) Stock

Reliance Steel & Aluminum Co. 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 also distributes non-ferrous metals products and tubular building products; and manufactures specialty extruded metals, fabricated parts, and welded components. As of December 31, 2021, the company operated a network of approximately 315 locations in 40 states in the United States and 13 in other countries. It sells its products directly to original equipment manufacturers, which primarily include small machine shops and fabricators. The company was founded in 1939 and is headquartered in Los Angeles, California.

Analyst Ratings Changes

A number of brokerages recently commented on RS. Citigroup upped their price target on shares of Reliance Steel & Aluminum from $200.00 to $230.00 in a research note on Friday, April 29th. StockNews.com cut shares of Reliance Steel & Aluminum from a "strong-buy" rating to a "buy" rating in a research note on Friday, July 29th. KeyCorp dropped their price target on shares of Reliance Steel & Aluminum from $215.00 to $207.00 and set an "overweight" rating on the stock in a research note on Tuesday, July 19th. Wolfe Research upgraded shares of Reliance Steel & Aluminum from a "market perform" rating to an "outperform" rating and set a $226.00 price target on the stock in a research note on Thursday, April 28th. Finally, BMO Capital Markets began coverage on shares of Reliance Steel & Aluminum in a research note on Monday. They set an "outperform" rating and a $230.00 price target on the stock. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $207.29.

Reliance Steel & Aluminum Price Performance

NYSE:RS traded up $0.28 on Thursday, hitting $195.08. The stock had a trading volume of 201,341 shares, compared to its average volume of 413,421. Reliance Steel & Aluminum has a 52-week low of $135.46 and a 52-week high of $211.65. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.60 and a current ratio of 3.02. The company has a market capitalization of $11.76 billion, a price-to-earnings ratio of 6.44 and a beta of 0.83. The firm has a 50-day moving average of $179.91 and a 200-day moving average of $183.44.

Reliance Steel & Aluminum (NYSE:RS - Get Rating) last posted its earnings results on Thursday, July 28th. The industrial products company reported $9.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.02 by $0.13. Reliance Steel & Aluminum had a net margin of 11.25% and a return on equity of 30.46%. The business had revenue of $4.68 billion for the quarter, compared to analysts' expectations of $4.61 billion. During the same period in the prior year, the company posted $5.06 EPS. The business's revenue for the quarter was up 36.9% compared to the same quarter last year. Equities analysts expect that Reliance Steel & Aluminum will post 28.26 EPS for the current year.

Reliance Steel & Aluminum Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 2nd. Stockholders of record on Friday, August 19th will be given a dividend of $0.875 per share. This represents a $3.50 annualized dividend and a dividend yield of 1.79%. The ex-dividend date is Thursday, August 18th. Reliance Steel & Aluminum's dividend payout ratio (DPR) is currently 11.56%.

Insider Activity

In other news, CEO James Donald Hoffman sold 10,000 shares of the firm's stock in a transaction on Wednesday, July 6th. The shares were sold at an average price of $167.78, for a total transaction of $1,677,800.00. Following the sale, the chief executive officer now owns 142,738 shares in the company, valued at approximately $23,948,581.64. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, CFO Arthur Ajemyan sold 1,000 shares of the firm's stock in a transaction on Tuesday, August 16th. The shares were sold at an average price of $198.39, for a total transaction of $198,390.00. Following the sale, the chief financial officer now owns 12,870 shares in the company, valued at approximately $2,553,279.30. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO James Donald Hoffman sold 10,000 shares of the stock in a transaction on Wednesday, July 6th. The shares were sold at an average price of $167.78, for a total transaction of $1,677,800.00. Following the transaction, the chief executive officer now directly owns 142,738 shares in the company, valued at approximately $23,948,581.64. The disclosure for this sale can be found here. Corporate insiders own 0.62% of the company's stock.

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RS Stock News Headlines

Nominee: Arthur Ajemyan
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RS Company Calendar

Ex-Dividend for 6/10 Dividend
5/26/2022
Dividend Payable
6/10/2022
Last Earnings
7/28/2022
Today
8/18/2022
Ex-Dividend for 9/2 Dividend
8/18/2022
Dividend Payable
9/02/2022
Next Earnings (Estimated)
10/27/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Metals service centers & offices
Sub-Industry
Steel
CUSIP
75950910
Employees
13,700
Year Founded
1939

Price Target and Rating

Average Stock Price Forecast
$214.33
High Stock Price Forecast
$230.00
Low Stock Price Forecast
$175.00
Forecasted Upside/Downside
+9.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.88
Research Coverage
8 Analysts

Profitability

Net Income
$1.41 billion
Pretax Margin
14.94%

Debt

Sales & Book Value

Annual Sales
$14.09 billion
Cash Flow
$26.08 per share
Book Value
$113.83 per share

Miscellaneous

Free Float
59,920,000
Market Cap
$11.76 billion
Optionable
Optionable
Beta
0.83

Social Links


Key Executives

  • Mr. James D. Hoffman (Age 63)
    CEO & Director
    Comp: $7.04M
  • Ms. Karla R. LewisMs. Karla R. Lewis (Age 56)
    Pres & Director
    Comp: $3.99M
  • Mr. Arthur AjemyanMr. Arthur Ajemyan (Age 46)
    CFO & Sr. VP
    Comp: $2.2M
  • Mr. Stephen P. KochMr. Stephen P. Koch (Age 55)
    Exec. VP & COO
    Comp: $2.69M
  • Mr. William A. Smith IIMr. William A. Smith II (Age 54)
    Sr. VP, Gen. Counsel & Corp. Sec.
    Comp: $2.57M
  • Mr. Michael P. Shanley (Age 64)
    Special Advisor
    Comp: $2.68M
  • Ms. Suzanne M. Bonner (Age 47)
    Sr. VP & Chief Information Officer
  • Ms. Vandy C. Lupton
    VP of Health & HR
  • Mr. Jeffrey Wayne DurhamMr. Jeffrey Wayne Durham (Age 59)
    Sr. VP of Operations
  • Mr. Sean Michael Mollins (Age 43)
    Sr. VP of Operations













RS Stock - Frequently Asked Questions

Should I buy or sell Reliance Steel & Aluminum stock right now?

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Reliance Steel & Aluminum in the last twelve months. There are currently 1 hold rating and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" RS shares.
View RS analyst ratings
or view top-rated stocks.

What is Reliance Steel & Aluminum's stock price forecast for 2022?

8 analysts have issued 1-year price targets for Reliance Steel & Aluminum's stock. Their RS share price forecasts range from $175.00 to $230.00. On average, they predict the company's stock price to reach $214.33 in the next twelve months. This suggests a possible upside of 9.9% 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 2022?

Reliance Steel & Aluminum's stock was trading at $162.22 at the beginning of the year. Since then, RS shares have increased by 20.3% and is now trading at $195.08.
View the best growth stocks for 2022 here
.

When is Reliance Steel & Aluminum's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
View our RS earnings forecast
.

How were Reliance Steel & Aluminum's earnings last quarter?

Reliance Steel & Aluminum Co. (NYSE:RS) released its quarterly earnings results on Thursday, July, 28th. The industrial products company reported $9.15 EPS for the quarter, topping the consensus estimate of $9.02 by $0.13. The industrial products company earned $4.68 billion during the quarter, compared to analysts' expectations of $4.61 billion. Reliance Steel & Aluminum had a trailing twelve-month return on equity of 30.46% and a net margin of 11.25%. The firm's revenue was up 36.9% compared to the same quarter last year. During the same period last year, the firm posted $5.06 EPS.

How often does Reliance Steel & Aluminum pay dividends? What is the dividend yield for Reliance Steel & Aluminum?

Reliance Steel & Aluminum declared a quarterly dividend on Friday, July 29th. Investors of record on Friday, August 19th will be paid a dividend of $0.875 per share on Friday, September 2nd. This represents a $3.50 annualized dividend and a dividend yield of 1.79%. The ex-dividend date is Thursday, August 18th.
Read our dividend analysis for RS
.

Is Reliance Steel & Aluminum a good dividend stock?

Reliance Steel & Aluminum (NYSE:RS) pays an annual dividend of $3.50 per share and currently has a dividend yield of 1.80%. 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 11.56%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RS will have a dividend payout ratio of 16.67% 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 Steel & Aluminum issued on next quarter's earnings?

Reliance Steel & Aluminum updated its third quarter 2022 earnings guidance on Thursday, August, 4th. The company provided EPS guidance of $6.00-$6.20 for the period, compared to the consensus earnings per share estimate of $6.57. The company issued revenue guidance of -.

What is David H. Hannah's approval rating as Reliance Steel & Aluminum's CEO?

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.

What other stocks do shareholders of Reliance Steel & Aluminum own?

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

What is Reliance Steel & Aluminum's stock symbol?

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

Who are Reliance Steel & Aluminum's major shareholders?

Reliance Steel & Aluminum's stock is owned by many different institutional and retail investors. Top institutional investors include State Street Corp (3.92%), Price T Rowe Associates Inc. MD (3.29%), Victory Capital Management Inc. (3.00%), Yacktman Asset Management LP (2.04%), FMR LLC (1.54%) and AQR Capital Management LLC (0.81%). 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.
View institutional ownership trends
.

How do I buy shares of Reliance Steel & Aluminum?

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.
Compare Top Brokerages Here.

What is Reliance Steel & Aluminum's stock price today?

One share of RS stock can currently be purchased for approximately $195.08.

How much money does Reliance Steel & Aluminum make?

Reliance Steel & Aluminum (NYSE:RS) has a market capitalization of $11.76 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 $30.27 on an earnings per share basis.

How many employees does Reliance Steel & Aluminum have?

The company employs 13,700 workers across the globe.

Does Reliance Steel & Aluminum have any subsidiaries?
The following companies are subsidiares of Reliance Steel & Aluminum: 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 Canada Ltd., Chapel Steel Corp., Chatham Steel Corporation, 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 Company, 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 Corporation, 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..
Read More
When was Reliance Steel & Aluminum founded?

Reliance Steel & Aluminum was founded in 1939.

How can I contact Reliance Steel & Aluminum?

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 (213) 687-7700, via email at investor@rsac.com, or via fax at 213-687-8792.

This page (NYSE:RS) was last updated on 8/19/2022 by MarketBeat.com Staff

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