NYSE:RSReliance Steel & Aluminum Stock Price, Forecast & News

Reliance Steel & Aluminum's stock was trading at $95.48 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, RS shares have increased by 2.3% and is now trading at $97.68. View which stocks have been most impacted by Coronavirus.

10 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 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Reliance Steel & Aluminum.

Reliance Steel & Aluminum is scheduled to release its next quarterly earnings announcement on Thursday, July 23rd 2020. View our earnings forecast for Reliance Steel & Aluminum.

Reliance Steel & Aluminum Co (NYSE:RS) issued its quarterly earnings results on Thursday, April, 23rd. The industrial products company reported $2.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.10 by $0.35. The industrial products company had revenue of $2.57 billion for the quarter, compared to analysts' expectations of $2.67 billion. Reliance Steel & Aluminum had a return on equity of 13.43% and a net margin of 5.41%. The firm's quarterly revenue was down 13.0% on a year-over-year basis. During the same period in the previous year, the firm earned $2.80 EPS. View Reliance Steel & Aluminum's earnings history.

Reliance Steel & Aluminum declared a quarterly dividend on Tuesday, April 21st. Investors of record on Friday, May 29th will be paid a dividend of $0.625 per share on Friday, June 12th. This represents a $2.50 annualized dividend and a dividend yield of 2.56%. The ex-dividend date of this dividend is Thursday, May 28th. View Reliance Steel & Aluminum's dividend history.

10 Wall Street analysts have issued 1-year price targets for Reliance Steel & Aluminum's stock. Their forecasts range from $88.00 to $122.00. On average, they anticipate Reliance Steel & Aluminum's share price to reach $106.00 in the next twelve months. This suggests a possible upside of 8.5% from the stock's current price. View analysts' price targets for Reliance Steel & Aluminum.

Headlines about RS stock have trended negative this week, according to InfoTrie Sentiment Analysis. The research group rates the sentiment of press coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Reliance Steel & Aluminum earned a coverage optimism score of -2.6 on InfoTrie's scale. They also assigned media coverage about the industrial products company a news buzz of 3.0 out of 10, meaning that recent press coverage is unlikely to have an impact on the stock's share price in the next several days. View the latest news aboutReliance Steel & Aluminum.

Reliance Steel & Aluminum saw a decline in short interest during the month of April. As of April 30th, there was short interest totaling 1,900,000 shares, a decline of 12.8% from the April 15th total of 2,180,000 shares. Based on an average daily trading volume, of 608,700 shares, the days-to-cover ratio is currently 3.1 days. Currently, 3.0% of the company's shares 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), Cleveland-Cliffs (CLF), Commercial Metals (CMC), Worthington Industries (WOR), United States Steel (X), Allegheny Technologies (ATI), Carpenter Technology (CRS), AK Steel (AKS), Schnitzer Steel Industries (SCHN), Haynes International (HAYN), Olympic Steel (ZEUS) and Universal Stainless & Alloy Products (USAP). View all competitors.

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

Reliance Steel & Aluminum's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (10.21%), Wellington Management Group LLP (4.17%), Victory Capital Management Inc. (3.76%), State Street Corp (3.02%), Acadian Asset Management LLC (2.13%) and Geode Capital Management LLC (1.83%). Company insiders that own Reliance Steel & Aluminum stock include Andrew G Sharkey III, Arthur Ajemyan, David H Hannah, Gregg J Mollins, James Donald Hoffman, Jeffrey Wayne Durham, Karla R Lewis, Michael Patrick Shanley, Stephen Paul Koch 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 APG Asset Management N.V., APG Asset Management N.V., APG Asset Management N.V., Scopus Asset Management L.P., BlackRock Inc., Poplar Forest Capital LLC, Bank of New York Mellon Corp, and Acadian Asset Management LLC. Company insiders that have sold Reliance Steel & Aluminum company stock in the last year include Arthur Ajemyan, James Donald Hoffman, Karla R Lewis, Stephen Paul Koch, and William A Smith II. View insider buying and selling activity for Reliance Steel & Aluminum.

RS stock was bought by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Wellington Management Group LLP, Schroder Investment Management Group, Creative Planning, Grantham Mayo Van Otterloo & Co. LLC, Aperio Group LLC, Ensign Peak Advisors Inc, and Royal London Asset Management Ltd.. View insider buying and selling activity 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 $97.68.

Reliance Steel & Aluminum has a market capitalization of $6.22 billion and generates $10.97 billion in revenue each year. The industrial products company earns $701.50 million in net income (profit) each year or $10.34 on an earnings per share basis. Reliance Steel & Aluminum employs 15,300 workers across the globe.

The official website for Reliance Steel & Aluminum is 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]