Reliance (RS) News Today

Reliance (NYSE:RS - Get Free Report) issued its earnings results on Thursday. The industrial products company reported $4.65 earnings per share for the quarter, missing analysts' consensus estimates of $4.73 by ($0.08). Reliance had a return on equity of 16.26% and a net margin of 8.67%. The firm had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.64 billion. During the same period in the previous year, the company earned $6.49 earnings per share. Reliance's revenue for the quarter was down 6.1% compared to the same quarter last year.

Reliance, Inc. (NYSE:RS) announced a quarterly dividend on Friday, July 26th. Shareholders of record on Friday, August 16th will be given a dividend of 1.10 per share by the industrial products company on Friday, August 30th. This represents a $4.40 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date is Friday, August 16th.

Shares of Reliance, Inc. (NYSE:RS - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the four ratings firms that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and two have assigned a buy reco

Wolfe Research cut Reliance from a "peer perform" rating to an "underperform" rating and set a $262.00 target price on the stock. in a research report on Friday.

Bessemer Group Inc. boosted its holdings in Reliance, Inc. (NYSE:RS - Free Report) by 2,870.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,981 shares of the industrial products company's stock after acquiring an additional 3,847

CANADA LIFE ASSURANCE Co increased its holdings in shares of Reliance, Inc. (NYSE:RS - Free Report) by 24.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 107,735 shares of the industrial products company's stock after buying

Reliance (NYSE:RS) updated its third quarter 2024 earnings guidance. The company provided EPS guidance of 3.600-3.800 for the period, compared to the consensus estimate of 4.510.

Seven Eight Capital LP trimmed its position in Reliance, Inc. (NYSE:RS - Free Report) by 66.5% in the first quarter, according to its most recent filing with the SEC. The fund owned 2,636 shares of the industrial products company's stock after selling 5,239 shares during the period. Seven Eight Cap

Edgestream Partners L.P. lessened its holdings in shares of Reliance, Inc. (NYSE:RS - Free Report) by 77.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,121 shares of the industrial products company's stock after se

Acadian Asset Management LLC raised its position in Reliance, Inc. (NYSE:RS - Free Report) by 20.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,072,200 shares of the industrial products company's stock after purchasing an additi

Twin Tree Management LP reduced its stake in Reliance, Inc. (NYSE:RS - Free Report) by 45.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,638 shares of the industrial products company's

State Board of Administration of Florida Retirement System lessened its holdings in Reliance, Inc. (NYSE:RS - Free Report) by 21.5% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 51,467 shares of the industrial products company's stock after selling 14,082 shar

BNP PARIBAS ASSET MANAGEMENT Holding S.A. trimmed its holdings in shares of Reliance, Inc. (NYSE:RS - Free Report) by 10.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,793 shares of the industrial products co

Russell Investments Group Ltd. boosted its stake in Reliance, Inc. (NYSE:RS - Free Report) by 1.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 159,878 shares of the industrial products company's stock

Swiss National Bank trimmed its position in Reliance, Inc. (NYSE:RS - Free Report) by 6.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 172,100 shares of the industrial products compan

LSV Asset Management cut its holdings in Reliance, Inc. (NYSE:RS - Free Report) by 7.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 717,443 shares of the industrial products company's stock after selling 54,565 share

Mediolanum International Funds Ltd acquired a new stake in Reliance, Inc. (NYSE:RS - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 7,145 shares of the industrial products company's stock, va

BI Asset Management Fondsmaeglerselskab A S lifted its holdings in shares of Reliance, Inc. (NYSE:RS - Free Report) by 554.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 14,535 shares of the industrial products company's stock a

BNP Paribas Financial Markets lifted its holdings in shares of Reliance, Inc. (NYSE:RS - Free Report) by 94.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,539 shares of the industrial products compan

Sequoia Financial Advisors LLC reduced its stake in shares of Reliance, Inc. (NYSE:RS - Free Report) by 71.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,693 shares of the industrial products company's stoc

Van ECK Associates Corp reduced its stake in Reliance, Inc. (NYSE:RS - Free Report) by 14.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,654 shares of the industrial products company's stock after