NYSE:RS - Reliance Steel & Aluminum Stock Price, News & Analysis

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

Reliance Steel & Aluminum declared a quarterly dividend on Tuesday, July 23rd. Stockholders of record on Friday, August 16th will be given a dividend of $0.55 per share on Friday, September 6th. This represents a $2.20 annualized dividend and a dividend yield of 2.13%. The ex-dividend date is Thursday, August 15th. View Reliance Steel & Aluminum's Dividend History.

Reliance Steel & Aluminum Co (NYSE:RS) issued its quarterly earnings results on Thursday, July, 25th. The industrial products company reported $2.71 EPS for the quarter, topping the consensus estimate of $2.60 by $0.11. The industrial products company had revenue of $2.88 billion for the quarter, compared to analysts' expectations of $2.93 billion. Reliance Steel & Aluminum had a net margin of 5.22% and a return on equity of 12.85%. The company's revenue for the quarter was down 3.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.10 earnings per share. View Reliance Steel & Aluminum's Earnings History.

Reliance Steel & Aluminum is scheduled to release their next quarterly earnings announcement on Thursday, October 24th 2019. View Earnings Estimates for Reliance Steel & Aluminum.

Reliance Steel & Aluminum issued an update on its third quarter earnings guidance on Thursday, July, 25th. The company provided EPS guidance of $1.90-2.00 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.96.

8 equities research analysts have issued 1-year price targets for Reliance Steel & Aluminum's stock. Their predictions range from $76.00 to $109.00. On average, they anticipate Reliance Steel & Aluminum's stock price to reach $98.8750 in the next twelve months. This suggests that the stock has a possible downside of 4.4%. View Analyst Price Targets for Reliance Steel & Aluminum.

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Reliance Steel & Aluminum in the last year. There are currently 4 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Reliance Steel & Aluminum.

Headlines about RS stock have been trending somewhat positive on Sunday, according to InfoTrie Sentiment Analysis. The research firm scores the sentiment of media coverage by monitoring more than six thousand news and blog sources in real time. 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 media sentiment score of 0.9 on InfoTrie's scale. They also assigned news articles about the industrial products company a news buzz of 1.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock's share price in the near term. View News Stories for Reliance Steel & Aluminum.

Reliance Steel & Aluminum saw a increase in short interest in the month of August. As of August 31st, there was short interest totalling 1,846,400 shares, an increase of 20.1% from the July 31st total of 1,537,500 shares. Based on an average daily trading volume, of 486,600 shares, the days-to-cover ratio is presently 3.8 days. Currently, 2.9% of the company's shares are short sold. View Reliance Steel & Aluminum's Current Options Chain.

Some companies that are related to Reliance Steel & Aluminum include MITSUBISHI CORP/S (MSBHY), MARUBENI CORP/ADR (MARUY), Ryerson (RYI), L.B. Foster (FSTR) and Olympic Steel (ZEUS).

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), Aegean Marine Petroleum Network (ANW), Workday (WDAY), Micron Technology (MU) and Transocean (RIG).

Reliance Steel & Aluminum's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (9.74%), BlackRock Inc. (9.47%), BlackRock Inc. (9.47%), Victory Capital Management Inc. (6.17%), Acadian Asset Management LLC (2.07%) and Bank of New York Mellon Corp (1.48%). Company insiders that own Reliance Steel & Aluminum stock include Andrew G Sharkey III, Arthur Ajemyan, David H Hannah, Douglas M Hayes, Gregg J Mollins, James Donald Hoffman, Jeffrey Wayne Durham, Mark V Kaminski, Michael Patrick Shanley, Stephen Paul Koch, Thomas W Gimbel 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 Luminus Management LLC, Price T Rowe Associates Inc. MD, BlackRock Inc., BlackRock Inc., BNP Paribas Arbitrage SA, Poplar Forest Capital LLC, Schroder Investment Management Group and California Public Employees Retirement System. Company insiders that have sold Reliance Steel & Aluminum company stock in the last year include Andrew G Sharkey III, Arthur Ajemyan, David H Hannah, Gregg J Mollins, Jeffrey Wayne Durham, Michael Patrick Shanley, Stephen Paul Koch and William A Smith II. View Insider Buying and Selling for Reliance Steel & Aluminum.

RS stock was bought by a variety of institutional investors in the last quarter, including Wells Fargo & Company MN, Nuveen Asset Management LLC, Invesco Ltd., Allianz Asset Management GmbH, APG Asset Management N.V., WINTON GROUP Ltd, Vanguard Group Inc. and Skandinaviska Enskilda Banken AB publ. View Insider Buying and Selling 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 $103.40.

Reliance Steel & Aluminum has a market capitalization of $6.89 billion and generates $11.53 billion in revenue each year. The industrial products company earns $633.70 million in net income (profit) each year or $8.94 on an earnings per share basis. Reliance Steel & Aluminum employs 15,600 workers across the globe.View Additional Information About Reliance Steel & Aluminum.

The official website for Reliance Steel & Aluminum is http://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]