Reliance (NYSE:RS) Issues Earnings Results, Beats Expectations By $0.53 EPS

Reliance (NYSE:RS) announced its earnings results on Wednesday. The industrial products company reported $5.16 EPS for the quarter, beating analysts’ consensus estimates of $4.63 by $0.53, Zacks reports. Reliance had a net margin of 5.42% and a return on equity of 11.32%. The firm had revenue of $4.03 billion for the quarter, compared to analysts’ expectations of $3.89 billion. During the same quarter in the previous year, the business posted $3.77 EPS. The company’s quarterly revenue was up 15.1% on a year-over-year basis. Reliance updated its Q2 2026 guidance to 5.150-5.350 EPS.

Reliance Stock Down 1.6%

Shares of RS stock opened at $345.29 on Friday. Reliance has a 1-year low of $260.31 and a 1-year high of $365.59. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.88 and a quick ratio of 2.30. The company has a market cap of $17.86 billion, a price-to-earnings ratio of 22.45, a price-to-earnings-growth ratio of 1.33 and a beta of 0.88. The stock’s fifty day moving average price is $314.37 and its 200 day moving average price is $301.99.

Reliance Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, May 22nd will be given a dividend of $1.25 per share. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.4%. Reliance’s dividend payout ratio is presently 35.79%.

Insider Activity

In related news, COO Stephen Paul Koch sold 24,060 shares of Reliance stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $321.62, for a total transaction of $7,738,177.20. Following the sale, the chief operating officer directly owned 14,021 shares in the company, valued at $4,509,434.02. This trade represents a 63.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP William A. Smith II sold 6,615 shares of Reliance stock in a transaction on Monday, March 9th. The shares were sold at an average price of $298.61, for a total transaction of $1,975,305.15. Following the completion of the transaction, the senior vice president directly owned 21,747 shares in the company, valued at $6,493,871.67. The trade was a 23.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Reliance

Institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada lifted its holdings in Reliance by 6.6% in the first quarter. Royal Bank of Canada now owns 15,111 shares of the industrial products company’s stock valued at $4,364,000 after acquiring an additional 940 shares during the period. Empowered Funds LLC grew its holdings in shares of Reliance by 4.8% during the first quarter. Empowered Funds LLC now owns 5,662 shares of the industrial products company’s stock worth $1,635,000 after buying an additional 258 shares in the last quarter. Geneos Wealth Management Inc. raised its position in shares of Reliance by 99.2% in the first quarter. Geneos Wealth Management Inc. now owns 263 shares of the industrial products company’s stock valued at $76,000 after buying an additional 131 shares during the last quarter. Walleye Capital LLC lifted its stake in shares of Reliance by 2,192.5% during the second quarter. Walleye Capital LLC now owns 1,215 shares of the industrial products company’s stock valued at $381,000 after buying an additional 1,162 shares during the period. Finally, Marshall Wace LLP acquired a new stake in Reliance during the second quarter worth approximately $1,318,000. Hedge funds and other institutional investors own 79.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Bank of America increased their target price on Reliance from $340.00 to $355.00 and gave the company a “neutral” rating in a report on Thursday. JPMorgan Chase & Co. raised their price objective on shares of Reliance from $330.00 to $340.00 and gave the stock a “neutral” rating in a report on Tuesday, April 14th. The Goldman Sachs Group started coverage on shares of Reliance in a research report on Wednesday, April 1st. They issued a “neutral” rating and a $300.00 price target on the stock. Zacks Research raised shares of Reliance from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 3rd. Finally, Wells Fargo & Company lifted their target price on Reliance from $323.00 to $330.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 15th. One investment analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $331.00.

Reliance Company Profile

Reliance Steel & Aluminum Co (NYSE: RS) is a leading metals service center company that distributes and processes a broad array of metal products. The company offers cut-to-length, shearing, blanking, sawing, bending, machining and value-added services for carbon and alloy steel, stainless steel, aluminum, brass, titanium and specialty metal alloys. Its products serve diverse end markets, including energy, infrastructure, general manufacturing, transportation, aerospace and defense.

Founded in 1939 in Los Angeles, Reliance Steel & Aluminum has grown through a combination of organic expansion and strategic acquisitions.