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

Reliance Steel & Aluminum's stock was trading at $95.48 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, RS stock has decreased by 7.1% and is now trading at $88.67. View which stocks have been mosted impacted by Coronavirus.

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Reliance Steel & Aluminum in the last year. There are currently 8 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Reliance Steel & Aluminum.

Reliance Steel & Aluminum is scheduled to release its next quarterly earnings announcement on Thursday, April 23rd 2020. View our earnings forecast for Reliance Steel & Aluminum.

Reliance Steel & Aluminum will be holding an earnings conference call on Thursday, April 23rd at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Reliance Steel & Aluminum Co (NYSE:RS) posted its earnings results on Thursday, February, 20th. The industrial products company reported $2.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.73 by $0.71. The industrial products company earned $2.45 billion during the quarter, compared to the consensus estimate of $2.49 billion. Reliance Steel & Aluminum had a net margin of 6.39% and a return on equity of 13.98%. The business's quarterly revenue was down 13.0% compared to the same quarter last year. During the same period last year, the firm posted $1.08 EPS. View Reliance Steel & Aluminum's earnings history.

Reliance Steel & Aluminum announced a quarterly dividend on Tuesday, February 18th. Shareholders of record on Friday, March 13th will be given a dividend of $0.625 per share on Friday, March 27th. This represents a $2.50 annualized dividend and a yield of 2.82%. The ex-dividend date of this dividend is Thursday, March 12th. This is a boost from Reliance Steel & Aluminum's previous quarterly dividend of $0.55. View Reliance Steel & Aluminum's dividend history.

Reliance Steel & Aluminum issued an update on its first quarter earnings guidance on Thursday, February, 20th. The company provided earnings per share guidance of $2.00-2.10 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.39.

10 brokers have issued 12-month price targets for Reliance Steel & Aluminum's stock. Their forecasts range from $76.00 to $122.00. On average, they anticipate Reliance Steel & Aluminum's share price to reach $104.50 in the next twelve months. This suggests a possible upside of 17.9% from the stock's current price. View analysts' price targets for Reliance Steel & Aluminum.

Media coverage about RS stock has trended somewhat positive recently, according to InfoTrie Sentiment. The research group identifies positive and negative news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Reliance Steel & Aluminum earned a coverage optimism score of 1.0 on InfoTrie's scale. They also assigned press coverage about the industrial products company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the near future. View the latest news aboutReliance Steel & Aluminum.

Reliance Steel & Aluminum saw a drop in short interest in February. As of February 28th, there was short interest totaling 2,030,000 shares, a drop of 8.1% from the February 13th total of 2,210,000 shares. Based on an average daily trading volume, of 476,400 shares, the short-interest ratio is presently 4.3 days. Approximately 3.2% of the company's stock are short sold. 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), Worthington Industries (WOR), Allegheny Technologies (ATI), Cleveland-Cliffs (CLF), United States Steel (X), Carpenter Technology (CRS), 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), Transocean (RIG), Workday (WDAY), Aegean Marine Petroleum Network (ANW) and Unilever (UL).

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 variety of retail and institutional investors. Top institutional investors include Victory Capital Management Inc. (3.15%), Victory Capital Management Inc. (3.13%), State Street Corp (2.93%), Acadian Asset Management LLC (2.21%), FMR LLC (1.87%) and Bank of New York Mellon Corp (1.75%). Company insiders that own Reliance Steel & Aluminum stock include Andrew G Sharkey III, Arthur Ajemyan, David H Hannah, Gregg J Mollins, James Donald Hoffman, Jeffrey Wayne Durham, Karla R Lewis, Mark V Kaminski, Michael Patrick Shanley, Stephen Paul Koch 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 Victory Capital Management Inc., Victory Capital Management Inc., Poplar Forest Capital LLC, Schroder Investment Management Group, Lord Abbett & CO. LLC, Renaissance Technologies LLC, Franklin Resources Inc., and Franklin Resources Inc.. Company insiders that have sold Reliance Steel & Aluminum company stock in the last year include Arthur Ajemyan, Gregg J Mollins, James Donald Hoffman, Jeffrey Wayne Durham, Karla R Lewis, Stephen Paul Koch, and William A Smith II. View insider buying and selling activity for Reliance Steel & Aluminum.

RS stock was purchased by a variety of institutional investors in the last quarter, including Norges Bank, FMR LLC, Nuveen Asset Management LLC, New York State Common Retirement Fund, Acadian Asset Management LLC, Amundi Pioneer Asset Management Inc., Denali Advisors LLC, and Skandinaviska Enskilda Banken AB publ. View insider buying and selling activity 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 $88.67.

Reliance Steel & Aluminum has a market capitalization of $5.93 billion and generates $10.97 billion in revenue each year. The industrial products company earns $701.50 million in net income (profit) each year or $10.34 on an earnings per share basis. Reliance Steel & Aluminum employs 15,300 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]