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Is This The End of Capitalism? (Ad)
Lots of sound and fury on US debt, but not a crisis — yet
Wall Street adds more to its big January after strong week
S&P 500   3,852.36
DOW   32,920.46
QQQ   296.26
Is Buying an Aged Corporation a Good Idea?
Is This The End of Capitalism? (Ad)
MarketBeat Week in Review – 1/23- 1/27
Visa, L3Harris rise; Intel, Eastman Chemical fall
Is This The End of Capitalism? (Ad)
How major US stock indexes fared Friday 1/27/2023
Closing prices for crude oil, gold and other commodities
Is This The End of Capitalism? (Ad)
Lots of sound and fury on US debt, but not a crisis — yet
Wall Street adds more to its big January after strong week
S&P 500   3,852.36
DOW   32,920.46
QQQ   296.26
Is Buying an Aged Corporation a Good Idea?
Is This The End of Capitalism? (Ad)
MarketBeat Week in Review – 1/23- 1/27
Visa, L3Harris rise; Intel, Eastman Chemical fall
Is This The End of Capitalism? (Ad)
How major US stock indexes fared Friday 1/27/2023
Closing prices for crude oil, gold and other commodities
Is This The End of Capitalism? (Ad)
Lots of sound and fury on US debt, but not a crisis — yet
Wall Street adds more to its big January after strong week
S&P 500   3,852.36
DOW   32,920.46
QQQ   296.26
Is Buying an Aged Corporation a Good Idea?
Is This The End of Capitalism? (Ad)
MarketBeat Week in Review – 1/23- 1/27
Visa, L3Harris rise; Intel, Eastman Chemical fall
Is This The End of Capitalism? (Ad)
How major US stock indexes fared Friday 1/27/2023
Closing prices for crude oil, gold and other commodities
Is This The End of Capitalism? (Ad)
Lots of sound and fury on US debt, but not a crisis — yet
Wall Street adds more to its big January after strong week
NYSE:RS

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

$226.69
-1.16 (-0.51%)
(As of 01/27/2023 12:00 AM ET)
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Compare
Today's Range
$224.35
$231.75
50-Day Range
$200.16
$227.85
52-Week Range
$147.80
$231.75
Volume
325,520 shs
Average Volume
291,653 shs
Market Capitalization
$13.30 billion
P/E Ratio
7.42
Dividend Yield
1.54%
Price Target
$224.40

Reliance Steel & Aluminum MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.71 Rating Score
Upside/​Downside
1.0% Downside
$224.40 Price Target
Short Interest
Healthy
1.36% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-6.17
Upright™ Environmental Score
News Sentiment
0.67mentions of Reliance Steel & Aluminum in the last 14 days
Based on 11 Articles This Week
Insider Trading
Selling Shares
$5.48 M Sold Last Quarter
Proj. Earnings Growth
-36.27%
From $28.65 to $18.26 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.88 out of 5 stars

Industrial Products Sector

123rd out of 186 stocks

Metals Service Centers & Offices Industry

2nd out of 4 stocks


RS stock logo

About Reliance Steel & Aluminum (NYSE:RS) Stock

Reliance Steel & Aluminum Co. operates as a diversified metal solutions provider and the metals service center company in the United States, Canada, and internationally. The company distributes a line of approximately 100,000 metal products, including alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium, and specialty steel products; and provides metals processing services to general manufacturing, non-residential construction, transportation, aerospace, energy, electronics and semiconductor fabrication, and heavy industries. It also distributes non-ferrous metals products and tubular building products; and manufactures specialty extruded metals, fabricated parts, and welded components. As of December 31, 2021, the company operated a network of approximately 315 locations in 40 states in the United States and 13 in other countries. It sells its products directly to original equipment manufacturers, which primarily include small machine shops and fabricators. The company was founded in 1939 and is headquartered in Los Angeles, California.

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RS Stock News Headlines

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Here's Why Reliance Steel (RS) is a Strong Growth Stock
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RS Company Calendar

Last Earnings
10/27/2021
Ex-Dividend for 12/2 Dividend
11/17/2022
Dividend Payable
12/02/2022
Today
1/28/2023
Next Earnings (Estimated)
2/16/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Metals service centers & offices
Sub-Industry
Steel
CUSIP
75950910
Employees
13,700
Year Founded
1939

Price Target and Rating

Average Stock Price Forecast
$224.40
High Stock Price Forecast
$235.00
Low Stock Price Forecast
$201.00
Forecasted Upside/Downside
-1.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.71
Research Coverage
7 Analysts

Profitability

Net Income
$1.41 billion
Pretax Margin
14.55%

Debt

Sales & Book Value

Annual Sales
$14.09 billion
Cash Flow
$26.27 per share
Book Value
$97.26 per share

Miscellaneous

Free Float
58,327,000
Market Cap
$13.30 billion
Optionable
Optionable
Beta
0.87

Social Links


Key Executives

  • Ms. Karla R. LewisMs. Karla R. Lewis (Age 57)
    Pres & Director
    Comp: $3.99M
  • Mr. Arthur AjemyanMr. Arthur Ajemyan (Age 47)
    CFO & Sr. VP
    Comp: $2.2M
  • Mr. Stephen P. KochMr. Stephen P. Koch (Age 56)
    Exec. VP & COO
    Comp: $2.69M
  • Mr. William A. Smith IIMr. William A. Smith II (Age 55)
    Sr. VP, Gen. Counsel & Corp. Sec.
    Comp: $2.57M
  • Mr. James D. Hoffman (Age 64)
    Sr. Advisor
    Comp: $7.04M
  • Ms. Suzanne M. Bonner (Age 48)
    Sr. VP & Chief Information Officer
  • Ms. Vandy C. Lupton
    VP of Health & HR
  • Mr. Jeffrey Wayne DurhamMr. Jeffrey Wayne Durham (Age 60)
    Sr. VP of Operations
  • Mr. Sean Michael Mollins (Age 44)
    Sr. VP of Operations
  • Mr. Michael R. Hynes
    Sr. VP of Operations













RS Stock - Frequently Asked Questions

Should I buy or sell Reliance Steel & Aluminum stock right now?

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Reliance Steel & Aluminum in the last twelve months. 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.
View RS analyst ratings
or view top-rated stocks.

What is Reliance Steel & Aluminum's stock price forecast for 2023?

7 Wall Street research analysts have issued 12-month price targets 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 share price to reach $224.40 in the next twelve months. This suggests that the stock has a possible downside of 1.0%.
View analysts price targets for RS
or view top-rated stocks among Wall Street analysts.

How have RS shares performed in 2023?

Reliance Steel & Aluminum's stock was trading at $202.44 at the beginning of the year. Since then, RS stock has increased by 12.0% and is now trading at $226.69.
View the best growth stocks for 2023 here
.

Are investors shorting Reliance Steel & Aluminum?

Reliance Steel & Aluminum saw a increase in short interest in 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 trading volume of 396,600 shares, the short-interest ratio is currently 1.7 days. Currently, 1.2% of the company's shares are sold short.
View Reliance Steel & Aluminum's Short Interest
.

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

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 16th 2023.
View our RS earnings forecast
.

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

Reliance Steel & Aluminum Co. (NYSE:RS) announced its earnings results on Wednesday, October, 27th. The industrial products company reported $6.15 EPS 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 trailing twelve-month return on equity of 29.31% and a net margin of 10.98%. The business's revenue for the quarter was up 84.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.87 EPS.

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, October 25th. Stockholders of record on Friday, November 18th will be given a dividend of $0.875 per share on Friday, December 2nd. This represents a $3.50 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date is Thursday, November 17th.
Read our dividend analysis for RS
.

Is Reliance Steel & Aluminum a good dividend stock?

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.

What guidance has Reliance Steel & Aluminum issued on next quarter's earnings?

Reliance Steel & Aluminum issued an update on its fourth quarter 2022 earnings guidance on Thursday, November, 3rd. The company provided earnings per share (EPS) guidance of $4.30-$4.50 for the period, compared to the consensus earnings per share estimate of $4.26. The company issued revenue guidance of -.

What is David H. Hannah's approval rating as Reliance Steel & Aluminum's CEO?

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.

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), Chipotle Mexican Grill (CMG), Endologix (ELGX), Athabasca Oil (ATH), Micron Technology (MU), Accenture (ACN), Boeing (BA), NIC (EGOV) and

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 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.
View institutional ownership trends
.

How do I buy shares of Reliance Steel & Aluminum?

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.
Compare Top Brokerages Here.

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

One share of RS stock can currently be purchased for approximately $226.69.

How much money does Reliance Steel & Aluminum make?

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.

How many employees does Reliance Steel & Aluminum have?

The company employs 13,700 workers across the globe.

Does Reliance Steel & Aluminum have any subsidiaries?
The following companies are subsidiares of Reliance Steel & Aluminum: AMI Metals Aero Services Ankara Havacılık Anonim Şirketi, AMI Metals Europe SPRL, AMI Metals Inc. , AMI Metals UK Limited, Acero Prime S. de R.L. de C.V., Admiral Metals Servicenter Company, Admiral Metals Servicenter Company Inc., Airport Metals, Alaska Steel Company, Alaska Steel Company, Aleaciones Especiales de Mexico S. de R.L. de C.V., All Metal Services (Malaysia) Sdn., All Metal Services India Private Limited, All Metal Services Limited, All Metal Services Ltd. (Xi’an), All Metals Holding, All Metals Processing & Logistics Inc., Allegheny Steel Distributors Inc., American Metals Corporation, Best Manufacturing Inc., CCC Steel Inc., Chapel Steel Canada Ltd., Chapel Steel Corp., Chatham Steel Corporation, Clayton Metals Inc., Continental Alloys & Services (Malaysia) Sdn. Bhd., Continental Alloys & Services Limited, Continental Alloys & Services Pte. Ltd., Continental Alloys Middle East FZE, Crest Steel Corporation, Delta Steel Inc., Diamond Manufacturing Company, DuBose National Energy Fasteners & Machined Parts, DuBose National Energy Fasteners & Machined Parts Inc., DuBose National Energy Services, DuBose National Energy Services Inc., Durrett Sheppard Steel Co. Inc., Earle M. Jorgensen Company, FastMetals Inc., Feralloy Corporation, Ferguson Perforating Company, Ferguson Perforating Company, Fox Metals And Alloys, Fox Metals and Alloys Inc., Fry Steel, Fry Steel Company, GH Metal Solutions, GH Metal Solutions Inc., Haskins Steel, Infra-Metals Co., KMS FAB LLC, KMS Fab, KMS South, KMS South Inc., Liebovich Bros. Inc., McKey Perforating, Merfish United, Merfish United Inc., Metals USA, Metals USA Inc., Metalweb Limited, National Specialty Alloys, National Specialty Alloys Inc., Northern Illinois Steel Supply Co, Northern Illinois Steel Supply Co., Nu-Tech Precision Metals Inc., Nu-Tech Precision Metals Inc., PDM Steel Service Centers Inc., Pacific Metal Company, Phoenix Corporation, Precision Flamecutting and Steel Inc., Precision Strip Inc., Reliance Metalcenter Asia Pacific Pte. Ltd., Reliance Metals Canada Limited, Rotax Metals Inc, Rotax Metals Inc., Service Steel Aerospace Corp., Siskin Steel & Supply Company Inc., Sugar Steel Corporation, Sunbelt Steel Texas, Tubular Steel, Tubular Steel Inc., Valex Corp., Valex Korea Co. Ltd., Valex Semiconductor Materials (Zhejiang) Co. Ltd., Viking Materials Inc., and Yarde Metals Inc..
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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 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.

This page (NYSE:RS) was last updated on 1/28/2023 by MarketBeat.com Staff