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

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Reliance Steel & Aluminum in the last year. There are currently 1 hold rating and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" RS shares.
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8 Wall Street research analysts have issued 1-year price objectives for Reliance Steel & Aluminum's stock. Their RS share price forecasts range from $175.00 to $230.00. On average, they anticipate the company's share price to reach $214.33 in the next twelve months. This suggests a possible upside of 9.3% from the stock's current price.
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Reliance Steel & Aluminum's stock was trading at $162.22 at the beginning of 2022. Since then, RS stock has increased by 20.9% and is now trading at $196.05.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
View our RS earnings forecast.

Reliance Steel & Aluminum Co. (NYSE:RS) issued its quarterly earnings results on Thursday, July, 28th. The industrial products company reported $9.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $9.02 by $0.13. The industrial products company had revenue of $4.68 billion for the quarter, compared to analyst estimates of $4.61 billion. Reliance Steel & Aluminum had a net margin of 11.25% and a trailing twelve-month return on equity of 30.46%. The business's quarterly revenue was up 36.9% on a year-over-year basis. During the same period last year, the firm earned $5.06 earnings per share.

Reliance Steel & Aluminum declared a quarterly dividend on Friday, July 29th. Shareholders of record on Friday, August 19th will be paid a dividend of $0.875 per share on Friday, September 2nd. This represents a $3.50 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date of this dividend is Thursday, August 18th.
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 1.77%. The company has been increasing its dividend for 13 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 11.56%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RS will have a dividend payout ratio of 16.67% 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 issued an update on its third quarter 2022 earnings guidance on Thursday, August, 4th. The company provided EPS guidance of $6.00-$6.20 for the period, compared to the consensus earnings per share estimate of $6.57. 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 investors include State Street Corp (3.92%), Victory Capital Management Inc. (3.00%), Yacktman Asset Management LP (2.04%), FMR LLC (1.54%), AQR Capital Management LLC (0.81%) and Northern Trust Corp (0.81%). 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 $196.05.

Reliance Steel & Aluminum (NYSE:RS) has a market capitalization of $11.82 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 $30.27 on an earnings per share basis.

The company employs 13,700 workers across the globe.

Reliance Steel & Aluminum was founded in 1939.

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 (213) 687-7700, via email at investor@rsac.com, or via fax at 213-687-8792.