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NYSE:RS

Reliance Steel & Aluminum Stock Forecast, Price & News

$121.42
-1.23 (-1.00 %)
(As of 11/25/2020 12:00 AM ET)
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Today's Range
$119.56
Now: $121.42
$122.35
50-Day Range
$106.34
MA: $113.44
$122.65
52-Week Range
$70.57
Now: $121.42
$123.09
Volume221,827 shs
Average Volume438,292 shs
Market Capitalization$7.74 billion
P/E Ratio17.35
Dividend Yield2.04%
Beta1.1
Reliance Steel & Aluminum Co. operates as a metals service center company. The company provides alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium, and specialty steel products and processing services to general manufacturing, non-residential construction, transportation, aerospace and defense, energy, electronics and semiconductor fabrication, and heavy industries. It also offers precision sheet metal fabrication services, including laser cutting, stamping, turret punching, machining, and powder coating and welding; and toll processing and logistics services. In addition, the company manufactures metal parts that have applications in various end markets, including industrial machinery, automotive, aerospace, sugar products, and consumer electronics manufacturers. As of December 31, 2019, it operated approximately 300 metals service center processing and distribution facilities in 40 states in the United States and 13 in other countries. The company sells its products directly to large original equipment manufacturers, and small machine shops and fabricators, as well as through www.fastmetals.com, an e-commerce platform. It operates in the United States, Australia, Belgium, Canada, China, France, India, Malaysia, Mexico, Singapore, South Korea, Turkey, the United Arab Emirates, and the United Kingdom. Reliance Steel & Aluminum Co. was founded in 1939 and is headquartered in Los Angeles, California.
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Reliance Steel & Aluminum logo

Beat the Market (BTM) Rank

Analyst Opinion: 1.3Community Rank: 2.4Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.95 out of 5 stars


Industry, Sector and Symbol

Industry Metals service centers & offices
Sub-IndustrySteel
CUSIP75950910
Phone213-687-7700
Employees15,300

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$10.97 billion
Cash Flow$14.93 per share
Book Value$78.22 per share

Profitability

Net Income$701.50 million

Miscellaneous

Market Cap$7.74 billion
Next Earnings Date2/18/2021 (Estimated)
OptionableOptionable
$121.42
-1.23 (-1.00 %)
(As of 11/25/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Reliance Steel & Aluminum (NYSE:RS) Frequently Asked Questions

How has Reliance Steel & Aluminum's stock price been impacted by Coronavirus (COVID-19)?

Reliance Steel & Aluminum's stock was trading at $95.48 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, RS shares have increased by 27.2% and is now trading at $121.42.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Reliance Steel & Aluminum?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Reliance Steel & Aluminum in the last year. There are currently 3 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Reliance Steel & Aluminum
.

What stocks does MarketBeat like better than Reliance Steel & Aluminum?

Wall Street analysts have given Reliance Steel & Aluminum a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Reliance Steel & Aluminum wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Reliance Steel & Aluminum's next earnings date?

Reliance Steel & Aluminum is scheduled to release its next quarterly earnings announcement on Thursday, February 18th 2021.
View our earnings forecast for Reliance Steel & Aluminum
.

How were Reliance Steel & Aluminum's earnings last quarter?

Reliance Steel & Aluminum Co. (NYSE:RS) posted its quarterly earnings data on Thursday, October, 22nd. The industrial products company reported $1.87 EPS for the quarter, beating analysts' consensus estimates of $1.53 by $0.34. The industrial products company had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.12 billion. Reliance Steel & Aluminum had a return on equity of 11.52% and a net margin of 4.83%. The firm's quarterly revenue was down 22.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.39 earnings per share.
View Reliance Steel & Aluminum's earnings history
.

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 Friday, October 23rd. Investors of record on Friday, November 20th will be given a dividend of $0.625 per share on Friday, December 4th. This represents a $2.50 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date of this dividend is Thursday, November 19th.
View Reliance Steel & Aluminum's dividend history
.

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

Reliance Steel & Aluminum issued an update on its fourth quarter earnings guidance on Thursday, October, 22nd. The company provided earnings per share (EPS) guidance of $1.30-1.40 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.51.

What price target have analysts set for RS?

7 equities research analysts have issued 1-year target prices for Reliance Steel & Aluminum's shares. Their forecasts range from $88.00 to $123.00. On average, they anticipate Reliance Steel & Aluminum's share price to reach $108.29 in the next twelve months. This suggests that the stock has a possible downside of 10.8%.
View analysts' price targets for Reliance Steel & Aluminum
.

Are investors shorting Reliance Steel & Aluminum?

Reliance Steel & Aluminum saw a increase in short interest in October. As of October 15th, there was short interest totaling 904,600 shares, an increase of 17.5% from the September 30th total of 769,800 shares. Based on an average daily trading volume, of 327,300 shares, the days-to-cover ratio is currently 2.8 days. Approximately 1.4% of the shares of the company are sold short.
View Reliance Steel & Aluminum's Short Interest
.

Who are some of Reliance Steel & Aluminum's key competitors?

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 Co. (ATH.TO) (ATH), Micron Technology (MU), Accenture (ACN), The Boeing (BA), NIC (EGOV) and Honeywell International (HON).

Who are Reliance Steel & Aluminum's key executives?

Reliance Steel & Aluminum's management team includes the following people:
  • Mr. James D. Hoffman, Pres, CEO & Director (Age 61, Pay $6.57M)
  • Ms. Karla R. Lewis, Sr. EVP & CFO (Age 54, Pay $3.78M)
  • Mr. William K. Sales Jr., Exec. VP of Operations (Age 63, Pay $2.7M)
  • Mr. Stephen P. Koch, Sr. VP of Operations (Age 53, Pay $2.5M)
  • Mr. Michael P. Shanley, Sr. VP of Operations (Age 62, Pay $2.51M)
  • Ms. Suzanne M. Bonner, VP & Chief Information Officer
  • Mr. William A. Smith II, Sr. VP, Gen. Counsel & Corp. Sec. (Age 52)
  • Mr. Donald J. Prebola, VP of Health & HR (Age 65)
  • Mr. Jeffrey Wayne Durham, Sr. VP of Operations (Age 57)
  • Mr. Arthur Ajemyan, VP & Corp. Controller (Age 44)

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 many different institutional and retail investors. Top institutional investors include BlackRock Inc. (8.91%), Victory Capital Management Inc. (3.55%), State Street Corp (2.91%), Cooke & Bieler LP (2.22%), LSV Asset Management (2.15%) and Acadian Asset Management LLC (2.14%). 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, Michael Patrick Shanley, Stephen Paul Koch and William A Smith II.
View institutional ownership trends for Reliance Steel & Aluminum
.

Which institutional investors are selling Reliance Steel & Aluminum stock?

RS stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Wells Fargo & Company MN, Assenagon Asset Management S.A., Victory Capital Management Inc., BNP Paribas Arbitrage SA, Retirement Systems of Alabama, Envestnet Asset Management Inc., and Jane Street Group LLC. Company insiders that have sold Reliance Steel & Aluminum company stock in the last year include James Donald Hoffman, Karla R Lewis, Michael Patrick Shanley, Stephen Paul Koch, and William A Smith II.
View insider buying and selling activity for Reliance Steel & Aluminum
.

Which institutional investors are buying Reliance Steel & Aluminum stock?

RS stock was acquired by a variety of institutional investors in the last quarter, including Royal London Asset Management Ltd., Ninety One UK Ltd, Scopus Asset Management L.P., AJO LP, UBS Asset Management Americas Inc., LSV Asset Management, Mackay Shields LLC, and Natixis.
View insider buying and selling activity for Reliance Steel & Aluminum
.

How do I buy shares of 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.

What is Reliance Steel & Aluminum's stock price today?

One share of RS stock can currently be purchased for approximately $121.42.

How big of a company is Reliance Steel & Aluminum?

Reliance Steel & Aluminum has a market capitalization of $7.74 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.

What is Reliance Steel & Aluminum's official website?

The official website for Reliance Steel & Aluminum is www.rsac.com.

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 industrial products company can be reached via phone at 213-687-7700 or via email at [email protected]

This page was last updated on 11/26/2020 by MarketBeat.com Staff

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