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S&P 500   3,998.84
DOW   33,947.10
QQQ   287.64
All the Cloud Storage You Need Is on Sale for the Holidays
The Lithium "Lie" (Ad)
Is Salesforce Stock a Bargain Down Here?
Tesla Shares Are Sliding, Here’s Why
Why is Russia reopening dormant copper mines? (Ad)
Is Big Lots the Next Bed Bath & Beyond Disaster in the Making?
Lockheed teams with Israel's Rafael on laser defense
Why is Russia reopening dormant copper mines? (Ad)
Russian oil price cap, EU ban aim to limit Kremlin war chest
World Cup fans find booze at hotels, Qatar's 1 liquor store
S&P 500   3,998.84
DOW   33,947.10
QQQ   287.64
All the Cloud Storage You Need Is on Sale for the Holidays
The Lithium "Lie" (Ad)
Is Salesforce Stock a Bargain Down Here?
Tesla Shares Are Sliding, Here’s Why
Why is Russia reopening dormant copper mines? (Ad)
Is Big Lots the Next Bed Bath & Beyond Disaster in the Making?
Lockheed teams with Israel's Rafael on laser defense
Why is Russia reopening dormant copper mines? (Ad)
Russian oil price cap, EU ban aim to limit Kremlin war chest
World Cup fans find booze at hotels, Qatar's 1 liquor store
S&P 500   3,998.84
DOW   33,947.10
QQQ   287.64
All the Cloud Storage You Need Is on Sale for the Holidays
The Lithium "Lie" (Ad)
Is Salesforce Stock a Bargain Down Here?
Tesla Shares Are Sliding, Here’s Why
Why is Russia reopening dormant copper mines? (Ad)
Is Big Lots the Next Bed Bath & Beyond Disaster in the Making?
Lockheed teams with Israel's Rafael on laser defense
Why is Russia reopening dormant copper mines? (Ad)
Russian oil price cap, EU ban aim to limit Kremlin war chest
World Cup fans find booze at hotels, Qatar's 1 liquor store
NYSE:RS

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

$208.73
-4.47 (-2.10%)
(As of 12/5/2022 12:00 AM ET)
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Compare
Today's Range
$207.24
$211.67
50-Day Range
$172.61
$213.20
52-Week Range
$145.79
$216.76
Volume
235,464 shs
Average Volume
416,120 shs
Market Capitalization
$12.25 billion
P/E Ratio
6.83
Dividend Yield
1.64%
Price Target
$222.40

Reliance Steel & Aluminum MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.83 Rating Score
Upside/​Downside
6.5% Upside
$222.40 Price Target
Short Interest
Healthy
0.98% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-6.17
Upright™ Environmental Score
News Sentiment
1.10mentions of Reliance Steel & Aluminum in the last 14 days
Based on 9 Articles This Week
Insider Trading
Selling Shares
$5.20 M Sold Last Quarter
Proj. Earnings Growth
-30.86%
From $28.71 to $19.85 Per Share

Overall MarketRank

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

2.24 out of 5 stars

Industrial Products Sector

72nd out of 178 stocks

Metals Service Centers & Offices Industry

4th out of 4 stocks

RS stock logo

About Reliance Steel & Aluminum (NYSE:RS) Stock

Reliance Steel & Aluminum Co. engages in the provision of metals processing services and distribution of metal products. It offers alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium and specialty steel products. The company was founded by Thomas J. Neilan on February 3, 1939, and is headquartered in Scottsdale, AZ.

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RS Stock News Headlines

Here's Why Reliance Steel (RS) is a Strong Growth Stock
Reliance Steel & Aluminum Q3 Profit Beats Estimates
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RS Company Calendar

Last Earnings
10/27/2022
Ex-Dividend for 12/2 Dividend
11/17/2022
Dividend Payable
12/02/2022
Today
12/05/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
2/16/2023

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
$222.40
High Stock Price Forecast
$230.00
Low Stock Price Forecast
$201.00
Forecasted Upside/Downside
+6.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.83
Research Coverage
6 Analysts

Profitability

Net Income
$1.41 billion
Pretax Margin
14.55%

Debt

Sales & Book Value

Annual Sales
$14.09 billion
Cash Flow
$25.83 per share
Book Value
$97.26 per share

Miscellaneous

Free Float
58,327,000
Market Cap
$12.25 billion
Optionable
Optionable
Beta
0.87

Social Links


Key Executives

  • James Donald HoffmanJames Donald Hoffman
    Chief Executive Officer & Director
  • Karla Renee Lewis
    President & Director
  • Stephen Paul KochStephen Paul Koch
    Chief Operating Officer & Executive Vice President
  • Jeffrey W. DurhamJeffrey W. Durham
    Senior Vice President-Operations
  • Sean M. Mollins
    Senior Vice President-Operations













RS Stock - Frequently Asked Questions

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

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.

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

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.

How have RS shares performed in 2022?

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
.

Are investors shorting Reliance Steel & Aluminum?

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
.

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) 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.

How often does Reliance Steel & Aluminum pay dividends? What is the dividend yield for Reliance Steel & Aluminum?

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
.

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 1.64%. 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.

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

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 -.

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 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
.

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 $207.82.

How much money does Reliance Steel & Aluminum make?

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.

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 12/6/2022 by MarketBeat.com Staff