Reliance Steel & Aluminum Co. (RS) Receives Media Impact Score of 0.29
News stories about Reliance Steel & Aluminum Co. (NYSE:RS) have trended positive on Saturday, Accern Sentiment reports. The research group scores the sentiment of media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Reliance Steel & Aluminum Co. earned a media sentiment score of 0.29 on Accern’s scale. Accern also gave news stories about the industrial products company an impact score of 46.6012270229029 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the media headlines that may have effected Accern Sentiment Analysis’s scoring:
- $2.41 Billion in Sales Expected for Reliance Steel & Aluminum Co. (RS) This Quarter (americanbankingnews.com)
- The Brokerages Set Reliance Steel & Aluminum Co. (RS) PT at $78.40 (expressnewsline.com)
- Analysts Anticipate Reliance Steel & Aluminum Co. (RS) to Announce $1.27 EPS (americanbankingnews.com)
- Reliance Steel & Aluminum Co. :RS-US: Earnings Analysis: Q2, 2017 By the Numbers : August 7, 2017 (finance.yahoo.com)
- Somewhat Favorable Media Coverage Likely to Impact Reliance Steel & Aluminum Co (overnewsmagazine.com)
Shares of Reliance Steel & Aluminum Co. (NYSE RS) opened at 70.24 on Friday. The company has a market cap of $5.12 billion, a price-to-earnings ratio of 15.84 and a beta of 1.23. Reliance Steel & Aluminum Co. has a 1-year low of $65.10 and a 1-year high of $88.58. The stock has a 50 day moving average price of $73.07 and a 200-day moving average price of $77.09.
Reliance Steel & Aluminum Co. (NYSE:RS) last released its quarterly earnings results on Thursday, July 27th. The industrial products company reported $1.40 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.38 by $0.02. The company had revenue of $2.48 billion during the quarter. Reliance Steel & Aluminum Co. had a return on equity of 8.67% and a net margin of 3.57%. The company’s revenue was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.36 EPS. Equities research analysts forecast that Reliance Steel & Aluminum Co. will post $5.17 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Friday, August 18th will be given a $0.45 dividend. The ex-dividend date is Wednesday, August 16th. This represents a $1.80 annualized dividend and a yield of 2.56%. Reliance Steel & Aluminum Co.’s dividend payout ratio is currently 40.54%.
A number of equities research analysts have recently weighed in on RS shares. BidaskClub lowered Reliance Steel & Aluminum Co. from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. KeyCorp reissued an “overweight” rating and issued a $81.00 target price (down previously from $85.00) on shares of Reliance Steel & Aluminum Co. in a research note on Monday, June 26th. Bank of America Corporation raised Reliance Steel & Aluminum Co. from a “neutral” rating to a “buy” rating and set a $88.00 target price for the company in a research note on Tuesday, May 23rd. They noted that the move was a valuation call. Barclays PLC reissued a “hold” rating and issued a $59.00 target price on shares of Reliance Steel & Aluminum Co. in a research note on Monday, May 1st. Finally, Cowen and Company set a $92.00 target price on Reliance Steel & Aluminum Co. and gave the company an “outperform” rating in a research note on Thursday, July 27th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $82.86.
About Reliance Steel & Aluminum Co.
Reliance Steel & Aluminum Co is a metals service center company in North America (the United States and Canada). As of December 31, 2016, the Company’s network of metals service centers operated over 300 locations in 39 states in the United States and in 12 other countries (Australia, Belgium, Canada, China, France, Malaysia, Mexico, Singapore, South Korea, Turkey, the United Arab Emirates and the United Kingdom).
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