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

Reliance Steel & Aluminum trades on the New York Stock Exchange (NYSE) under the ticker symbol "RS."

Reliance Steel & Aluminum declared a quarterly dividend on Tuesday, February 18th. Investors 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 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date of this dividend is Thursday, March 12th. This is a positive change from Reliance Steel & Aluminum's previous quarterly dividend of $0.55. View Reliance Steel & Aluminum's Dividend History.

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

Reliance Steel & Aluminum is scheduled to release their next quarterly earnings announcement on Thursday, April 23rd 2020. View Earnings Estimates for Reliance Steel & Aluminum.

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

9 equities research analysts have issued 1 year target prices for Reliance Steel & Aluminum's shares. Their forecasts range from $76.00 to $122.00. On average, they anticipate Reliance Steel & Aluminum's stock price to reach $109.11 in the next twelve months. This suggests a possible upside of 6.7% from the stock's current price. View Analyst Price Targets for Reliance Steel & Aluminum.

9 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 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Reliance Steel & Aluminum.

News articles about RS stock have trended very negative recently, according to InfoTrie Sentiment Analysis. InfoTrie identifies negative and positive news coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Reliance Steel & Aluminum earned a media sentiment score of -4.0 on InfoTrie's scale. They also assigned news articles about the industrial products company a news buzz of 6.0 out of 10, meaning that recent news coverage is somewhat likely to have an impact on the stock's share price in the near future. View News Stories for Reliance Steel & Aluminum.

Reliance Steel & Aluminum saw a drop in short interest during the month of January. As of January 31st, there was short interest totalling 2,040,000 shares, a drop of 9.7% from the January 15th total of 2,260,000 shares. Based on an average daily volume of 503,500 shares, the days-to-cover ratio is currently 4.1 days. Currently, 3.2% of the shares of the 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), Allegheny Technologies (ATI), Commercial Metals (CMC), Worthington Industries (WOR), Carpenter Technology (CRS), Cleveland-Cliffs (CLF), United States Steel (X), 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), Aegean Marine Petroleum Network (ANW), Workday (WDAY) and Unilever (UL).

Reliance Steel & Aluminum's stock is owned by many different of institutional and retail investors. Top institutional shareholders 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, Douglas M Hayes, Gregg J Mollins, James Donald Hoffman, Jeffrey Wayne Durham, Karla R Lewis, Mark V Kaminski, Michael Patrick Shanley, Stephen Paul Koch, Thomas W Gimbel 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 South Dakota Investment Council. Company insiders that have sold Reliance Steel & Aluminum company stock in the last year include Andrew G Sharkey III, 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 for Reliance Steel & Aluminum.

RS stock was purchased by a variety of institutional investors in the last quarter, including FMR LLC, New York State Common Retirement Fund, Acadian Asset Management LLC, Amundi Pioneer Asset Management Inc., Denali Advisors LLC, Skandinaviska Enskilda Banken AB publ , Mackay Shields LLC and Man Group plc. View Insider Buying and Selling 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 $102.29.

Reliance Steel & Aluminum has a market capitalization of $6.82 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 15,600 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]