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

$100.17
+0.02 (+0.02 %)
(As of 06/4/2020 03:32 PM ET)
Add
Compare
Today's Range
$98.67
Now: $100.17
$100.63
50-Day Range
$82.70
MA: $89.71
$98.75
52-Week Range
$70.57
Now: $100.17
$122.17
Volume156,715 shs
Average Volume374,766 shs
Market Capitalization$6.37 billion
P/E Ratio11.85
Dividend Yield2.54%
Beta1.13
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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Reliance Steel & Aluminum logo

Beat the Market (BTM) Rank

Analyst Opinion: 1.1Community Rank: 2.4Dividend Strength: 4.2Insider Behavior: 1.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.23 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$14.05 per share
Book Value$78.22 per share

Profitability

Net Income$701.50 million

Miscellaneous

Employees15,300
Market Cap$6.37 billion
Next Earnings Date7/23/2020 (Estimated)
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 COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, RS stock has increased by 4.5% and is now trading at $99.73. 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 were Reliance Steel & Aluminum's earnings last quarter?

Reliance Steel & Aluminum Co (NYSE:RS) posted its earnings results on Thursday, April, 23rd. The industrial products company reported $2.45 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $2.10 by $0.35. The industrial products company had revenue of $2.57 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the previous year, the business 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 announced a quarterly dividend on Tuesday, April 21st. Stockholders 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 annualized dividend and a yield of 2.51%. The ex-dividend date is Thursday, May 28th. View Reliance Steel & Aluminum's dividend history.

What price target have analysts set for RS?

10 brokerages have issued 12-month 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 6.3% from the stock's current price. View analysts' price targets for Reliance Steel & Aluminum.

Has Reliance Steel & Aluminum been receiving favorable news coverage?

News articles about RS stock have trended somewhat negative recently, according to InfoTrie Sentiment. The research group ranks the sentiment of press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Reliance Steel & Aluminum earned a coverage optimism score of -1.0 on InfoTrie's scale. They also gave media stories about the industrial products company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the stock's share price in the next several days. View the latest news aboutReliance Steel & Aluminum.

Are investors shorting Reliance Steel & Aluminum?

Reliance Steel & Aluminum saw a drop in short interest during the month of April. As of April 30th, there was short interest totaling 1,900,000 shares, a drop of 12.8% from the April 15th total of 2,180,000 shares. Based on an average trading volume of 608,700 shares, the days-to-cover ratio is currently 3.1 days. Approximately 3.0% of the shares of the stock are short sold. 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 variety of retail and institutional 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.

Which major investors are selling Reliance Steel & Aluminum stock?

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.

Which major investors are buying Reliance Steel & Aluminum stock?

RS stock was acquired 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.

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 $99.73.

How big of a company is Reliance Steel & Aluminum?

Reliance Steel & Aluminum has a market capitalization of $6.35 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 6/4/2020 by MarketBeat.com Staff

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