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

$94.35
+1.38 (+1.48 %)
(As of 07/3/2020 04:00 PM ET)
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Today's Range
$93.34
Now: $94.35
$96.02
50-Day Range
$87.55
MA: $94.58
$101.92
52-Week Range
$70.57
Now: $94.35
$122.17
Volume326,700 shs
Average Volume522,476 shs
Market Capitalization$6.00 billion
P/E Ratio11.17
Dividend Yield2.65%
Beta1.12
Reliance Steel & Aluminum Co. operates as a metals service center company. The company provides alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium, and specialty steel products and related processing services to general manufacturing, non-residential construction, transportation, aerospace and defense, energy, electronics and semiconductor fabrication, auto, and heavy industries. It also offers precision sheet metal fabrication services, including laser cutting, stamping, turret punching, machining, powder coating, shearing, computer numerated control (CNC) punching, and CNC forming and rolling, as well as welding, assembly, painting, inventory management, and engineering expertise. In addition, the company manufactures metal parts that have applications in various end markets, including industrial machinery, automotive, aerospace, sugar products, and consumer electronics manufacturers; and distributes and processes tubing and bar products. Further, it provides toll processing and logistics services. The company sells directly to large original equipment manufacturer customers, as well as to small machine shops and fabricators. It operates in the United States, Australia, Belgium, Canada, China, France, India, Malaysia, Mexico, Singapore, South Korea, Turkey, the United Arab Emirates, and the United Kingdom. Reliance Steel & Aluminum Co. was founded in 1939 and is headquartered in Los Angeles, California.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.1Community Rank: 2.4Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.27 out of 5 stars


Industry, Sector and Symbol

Industry Metals service centers & offices
Sub-IndustrySteel
CUSIP75950910
Phone213-687-7700

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$10.97 billion
Cash Flow$14.02 per share
Book Value$78.22 per share

Profitability

Net Income$701.50 million

Miscellaneous

Employees15,300
Market Cap$6.00 billion
Next Earnings Date7/23/2020 (Confirmed)
OptionableOptionable

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Reliance Steel & Aluminum (NYSE:RS) Frequently Asked Questions

How has Reliance Steel & Aluminum's stock been impacted by COVID-19 (Coronavirus)?

Reliance Steel & Aluminum's stock was trading at $95.48 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, RS shares have decreased by 1.2% and is now trading at $94.35. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Reliance Steel & Aluminum?

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.

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

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.

How can I listen to Reliance Steel & Aluminum's earnings call?

Reliance Steel & Aluminum will be holding an earnings conference call on Thursday, July 23rd at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

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

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

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 Tuesday, April 21st. Shareholders of record on Friday, May 29th will be given a dividend of $0.625 per share on Friday, June 12th. This represents a $2.50 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date is Thursday, May 28th. View Reliance Steel & Aluminum's dividend history.

What price target have analysts set for RS?

10 equities research analysts have issued 1 year price objectives for Reliance Steel & Aluminum's stock. Their forecasts range from $88.00 to $122.00. On average, they expect Reliance Steel & Aluminum's stock price to reach $106.00 in the next twelve months. This suggests a possible upside of 12.3% from the stock's current price. View analysts' price targets for Reliance Steel & Aluminum.

Has Reliance Steel & Aluminum been receiving favorable news coverage?

News stories about RS stock have been trending somewhat positive recently, InfoTrie reports. InfoTrie scores the sentiment of press coverage by monitoring 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 media sentiment score of 0.7 on InfoTrie's scale. They also assigned news stories 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 the latest news about Reliance Steel & Aluminum.

Are investors shorting Reliance Steel & Aluminum?

Reliance Steel & Aluminum saw a decrease in short interest during the month of June. As of June 15th, there was short interest totaling 1,100,000 shares, a decrease of 19.7% from the May 31st total of 1,370,000 shares. Based on an average daily volume of 562,300 shares, the short-interest ratio is currently 2.0 days. Currently, 1.8% of the company's shares are sold short. View Reliance Steel & Aluminum's Current Options Chain.

Who are some of Reliance Steel & Aluminum's key competitors?

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), Endologix (ELGX), Chipotle Mexican Grill (CMG), Athabasca Oil (ATH), NIC (EGOV), Transocean (RIG), Aegean Marine Petroleum Network (ANW), Workday (WDAY) and Unilever (UL).

Who are Reliance Steel & Aluminum's key executives?

Reliance Steel & Aluminum's management team includes the following people:
  • Mr. James D. Hoffman, Pres & CEO (Age 60)
  • Ms. Karla R. Lewis, CFO & Sr. EVP (Age 53)
  • Mr. William K. Sales Jr., Exec. VP of Operations (Age 62)
  • Mr. Stephen P. Koch, Sr. VP of Operations (Age 52)
  • Mr. Michael P. Shanley, Sr. VP of Operations (Age 61)

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 a number of institutional and retail investors. Top institutional investors include Nelson Van Denburg & Campbell Wealth Management Group LLC (0.01%). 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.

Which major investors are selling Reliance Steel & Aluminum stock?

RS stock was sold by a variety of institutional investors in the last quarter, including Nelson Van Denburg & Campbell Wealth Management Group 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.

How do I buy shares of 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.

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

One share of RS stock can currently be purchased for approximately $94.35.

How big of a company is Reliance Steel & Aluminum?

Reliance Steel & Aluminum has a market capitalization of $6.00 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.

What is Reliance Steel & Aluminum's official website?

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

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 industrial products company can be reached via phone at 213-687-7700 or via email at [email protected]

This page was last updated on 7/3/2020 by MarketBeat.com Staff

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