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

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Reliance Steel & Aluminum in the last year. There are currently 2 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" RS shares.
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7 equities research analysts have issued 1 year target prices for Reliance Steel & Aluminum's shares. Their RS share price forecasts range from $201.00 to $235.00. On average, they expect the company's stock price to reach $224.40 in the next year. This suggests that the stock has a possible downside of 1.0%.
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Reliance Steel & Aluminum's stock was trading at $202.44 at the start of the year. Since then, RS shares have increased by 12.0% and is now trading at $226.69.
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Reliance Steel & Aluminum saw a increase in short interest during the month of December. As of December 30th, there was short interest totaling 672,800 shares, an increase of 26.4% from the December 15th total of 532,400 shares. Based on an average daily volume of 396,600 shares, the days-to-cover ratio is currently 1.7 days. Currently, 1.2% 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 earnings results on Wednesday, October, 27th. The industrial products company reported $6.15 earnings per share for the quarter, topping analysts' consensus estimates of $5.95 by $0.20. The industrial products company had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.75 billion. Reliance Steel & Aluminum had a net margin of 10.98% and a trailing twelve-month return on equity of 29.31%. The company's revenue for the quarter was up 84.5% compared to the same quarter last year. During the same period last year, the firm earned $1.87 earnings per share.

Reliance Steel & Aluminum declared a quarterly dividend on Tuesday, October 25th. Investors of record on Friday, November 18th will be paid a dividend of $0.875 per share on Friday, December 2nd. This represents a $3.50 annualized dividend and a dividend yield of 1.54%. 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 1.54%. The company has been increasing its dividend for 12 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 19.17% 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 earnings per share guidance of $4.30-$4.50 for the period, compared to the consensus 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 retail and institutional investors. Top institutional shareholders include Yacktman Asset Management LP (2.14%), Assenagon Asset Management S.A. (0.48%), Allspring Global Investments Holdings LLC (0.36%), Copeland Capital Management LLC (0.28%), Deroy & Devereaux Private Investment Counsel Inc. (0.27%) and Ardevora Asset Management LLP (0.10%). 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 $226.69.

Reliance Steel & Aluminum (NYSE:RS) has a market capitalization of $13.30 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.