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

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Reliance Steel & Aluminum in the last year. There are currently 1 hold rating and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" RS shares.
View RS analyst ratings or view top-rated stocks.

6 Wall Street analysts have issued twelve-month price objectives for Reliance Steel & Aluminum's shares. Their RS share price forecasts range from $201.00 to $230.00. On average, they predict the company's stock price to reach $222.40 in the next year. This suggests a possible upside of 7.0% from the stock's current price.
View analysts price targets for RS or view top-rated stocks among Wall Street analysts.

Reliance Steel & Aluminum's stock was trading at $162.22 at the beginning of 2022. Since then, RS shares have increased by 28.1% and is now trading at $207.82.
View the best growth stocks for 2022 here.

Reliance Steel & Aluminum saw a decline in short interest during the month of November. As of November 15th, there was short interest totaling 571,500 shares, a decline of 29.1% from the October 31st total of 805,900 shares. Based on an average daily volume of 439,100 shares, the days-to-cover ratio is presently 1.3 days. Currently, 1.0% of the company's stock are sold short.
View Reliance Steel & Aluminum's Short Interest.

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

Reliance Steel & Aluminum Co. (NYSE:RS) released its quarterly earnings data on Thursday, October, 27th. The industrial products company reported $6.48 earnings per share for the quarter, topping the consensus estimate of $6.20 by $0.28. The industrial products company had revenue of $4.25 billion for the quarter, compared to analyst estimates of $4.14 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 10.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $6.15 earnings per share.

Reliance Steel & Aluminum announced a quarterly dividend on Tuesday, October 25th. Shareholders of record on Friday, November 18th will be paid a dividend of $0.875 per share on Friday, December 2nd. This represents a $3.50 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date of this dividend is Thursday, November 17th.
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 1.64%. The company has been increasing its dividend for 11 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 17.63% 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 updated 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 -.

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 a number of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (12.61%), BlackRock Inc. (9.57%), Dimensional Fund Advisors LP (3.91%), State Street Corp (3.70%), Victory Capital Management Inc. (2.46%) and Price T Rowe Associates Inc. MD (2.30%). 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.

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.

One share of RS stock can currently be purchased for approximately $207.82.

Reliance Steel & Aluminum (NYSE:RS) has a market capitalization of $12.20 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.

The company employs 13,700 workers across the globe.

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.