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

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

Reliance Steel & Aluminum announced a quarterly dividend on Thursday, October 24th. Investors of record on Friday, November 15th will be given a dividend of $0.55 per share on Friday, December 6th. This represents a $2.20 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date is Thursday, November 14th. View Reliance Steel & Aluminum's Dividend History.

Reliance Steel & Aluminum Co (NYSE:RS) released its quarterly earnings results on Thursday, October, 24th. The industrial products company reported $2.39 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $1.95 by $0.44. The industrial products company earned $2.69 billion during the quarter, compared to analyst estimates of $2.67 billion. Reliance Steel & Aluminum had a net margin of 5.48% and a return on equity of 12.52%. The business's revenue was down 9.7% on a year-over-year basis. During the same period in the previous year, the business posted $2.42 EPS. View Reliance Steel & Aluminum's Earnings History.

Reliance Steel & Aluminum is scheduled to release their next quarterly earnings announcement on Thursday, February 20th 2020. View Earnings Estimates for Reliance Steel & Aluminum.

Reliance Steel & Aluminum issued an update on its fourth quarter earnings guidance on Thursday, October, 24th. The company provided earnings per share guidance of $1.60-1.70 for the period, compared to the Thomson Reuters consensus estimate of $1.57.

9 Wall Street analysts have issued 12-month target prices for Reliance Steel & Aluminum's shares. Their forecasts range from $76.00 to $123.00. On average, they anticipate Reliance Steel & Aluminum's share price to reach $107.89 in the next twelve months. This suggests that the stock has a possible downside of 11.2%. View Analyst Price Targets for Reliance Steel & Aluminum.

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Reliance Steel & Aluminum in the last year. There are currently 7 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Reliance Steel & Aluminum.

Headlines about RS stock have been trending negative on Sunday, InfoTrie Sentiment Analysis reports. The research firm scores the sentiment of news coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Reliance Steel & Aluminum earned a news sentiment score of -2.5 on InfoTrie's scale. They also assigned news articles about the industrial products company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the next few days. View News Stories for Reliance Steel & Aluminum.

Reliance Steel & Aluminum saw a increase in short interest in the month of December. As of December 13th, there was short interest totalling 2,330,000 shares, an increase of 11.0% from the November 28th total of 2,100,000 shares. Based on an average trading volume of 519,800 shares, the days-to-cover ratio is presently 4.5 days. Currently, 3.6% of the company's shares are sold short. View Reliance Steel & Aluminum's Current Options Chain.

Some companies that are related to Reliance Steel & Aluminum include Nucor (NUE), Steel Dynamics (STLD), Commercial Metals (CMC), Allegheny Technologies (ATI), Worthington Industries (WOR), Carpenter Technology (CRS), Cleveland-Cliffs (CLF), United States Steel (X), AK Steel (AKS), Schnitzer Steel Industries (SCHN), Haynes International (HAYN), Olympic Steel (ZEUS) and Universal Stainless & Alloy Products (USAP).

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), Transocean (RIG), Micron Technology (MU) and Workday (WDAY).

Reliance Steel & Aluminum's stock is owned by many different of institutional and retail investors. Top institutional investors include Wedge Capital Management L L P NC (0.11%), Profit Investment Management LLC (0.06%), Bowling Portfolio Management LLC (0.05%), Alpha Cubed Investments LLC (0.04%), Brave Asset Management Inc. (0.04%) and PFG Advisors (0.03%). 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, Karla R Lewis, 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 Profit Investment Management LLC, Wedge Capital Management L L P NC, Bowling Portfolio Management LLC, Alpha Cubed Investments LLC, CenturyLink Investment Management Co, State of Alaska Department of Revenue, Alpha Windward LLC and Steward Partners Investment Advisory LLC. 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, James Donald Hoffman, Jeffrey Wayne Durham, Karla R Lewis, Michael Patrick Shanley, Stephen Paul Koch and William A Smith II. View Insider Buying and Selling for Reliance Steel & Aluminum.

RS stock was purchased by a variety of institutional investors in the last quarter, including PFG Advisors, Brave Asset Management Inc., Sciencast Management LP, FormulaFolio Investments LLC, FNY Investment Advisers LLC, Occidental Asset Management LLC, Huntington National Bank and Camelot Portfolios LLC. 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 $121.50.

Reliance Steel & Aluminum has a market capitalization of $8.10 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]