Q2 Earnings Forecast for Reliance Issued By Zacks Research

Reliance, Inc. (NYSE:RS) – Analysts at Zacks Research raised their Q2 2026 earnings estimates for Reliance in a note issued to investors on Tuesday, May 5th. Zacks Research analyst Team now forecasts that the industrial products company will earn $5.16 per share for the quarter, up from their prior forecast of $4.66. Zacks Research has a “Hold” rating on the stock. The consensus estimate for Reliance’s current full-year earnings is $18.70 per share. Zacks Research also issued estimates for Reliance’s Q4 2026 earnings at $3.61 EPS, FY2026 earnings at $18.07 EPS, Q1 2027 earnings at $4.97 EPS, Q2 2027 earnings at $5.41 EPS and FY2027 earnings at $18.44 EPS.

Other equities analysts also recently issued reports about the stock. Seaport Research Partners boosted their target price on shares of Reliance from $340.00 to $390.00 and gave the stock a “buy” rating in a report on Tuesday, April 28th. The Goldman Sachs Group assumed coverage on shares of Reliance in a report on Wednesday, April 1st. They issued a “neutral” rating and a $300.00 target price for the company. Wells Fargo & Company upped their price objective on shares of Reliance from $323.00 to $330.00 and gave the company an “equal weight” rating in a report on Wednesday, April 15th. JPMorgan Chase & Co. upped their price objective on shares of Reliance from $340.00 to $345.00 and gave the company a “neutral” rating in a report on Friday, April 24th. Finally, Wall Street Zen upgraded shares of Reliance from a “hold” rating to a “buy” rating in a report on Saturday, April 11th. One analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $344.67.

Reliance Stock Performance

Shares of Reliance stock opened at $377.04 on Thursday. The company has a market capitalization of $19.25 billion, a PE ratio of 24.59, a P/E/G ratio of 1.17 and a beta of 0.95. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.24 and a current ratio of 4.39. The company has a 50-day simple moving average of $318.66 and a two-hundred day simple moving average of $306.66. Reliance has a one year low of $260.31 and a one year high of $381.00.

Reliance (NYSE:RS) last announced its earnings results on Wednesday, April 22nd. The industrial products company reported $5.16 EPS for the quarter, topping analysts’ consensus estimates of $4.63 by $0.53. The business had revenue of $4.03 billion during the quarter, compared to the consensus estimate of $3.89 billion. Reliance had a net margin of 5.42% and a return on equity of 11.37%. The firm’s revenue was up 15.1% on a year-over-year basis. During the same period in the previous year, the company posted $3.77 earnings per share. Reliance has set its Q2 2026 guidance at 5.150-5.350 EPS.

Hedge Funds Weigh In On Reliance

Several institutional investors have recently bought and sold shares of the company. State Street Corp grew its position in Reliance by 4.5% in the 4th quarter. State Street Corp now owns 2,715,764 shares of the industrial products company’s stock valued at $784,503,000 after acquiring an additional 118,009 shares in the last quarter. Boston Partners grew its position in Reliance by 27.5% in the 3rd quarter. Boston Partners now owns 2,247,603 shares of the industrial products company’s stock valued at $631,224,000 after acquiring an additional 484,286 shares in the last quarter. Wellington Management Group LLP grew its position in Reliance by 25.2% in the 3rd quarter. Wellington Management Group LLP now owns 1,708,756 shares of the industrial products company’s stock valued at $479,870,000 after acquiring an additional 343,598 shares in the last quarter. Franklin Resources Inc. grew its position in Reliance by 4.8% in the 3rd quarter. Franklin Resources Inc. now owns 1,142,551 shares of the industrial products company’s stock valued at $320,863,000 after acquiring an additional 51,894 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in Reliance by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 938,601 shares of the industrial products company’s stock valued at $270,349,000 after acquiring an additional 2,549 shares in the last quarter. 79.26% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Reliance

In related news, COO Stephen Paul Koch sold 24,060 shares of the business’s stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $321.62, for a total value of $7,738,177.20. Following the sale, the chief operating officer directly owned 14,021 shares in the company, valued at approximately $4,509,434.02. The trade was a 63.18% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Arthur Ajemyan sold 3,500 shares of the business’s stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $358.12, for a total transaction of $1,253,420.00. Following the completion of the sale, the chief financial officer owned 16,840 shares in the company, valued at approximately $6,030,740.80. This trade represents a 17.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 34,175 shares of company stock worth $10,966,902. Company insiders own 0.40% of the company’s stock.

Reliance Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 22nd will be issued a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 1.3%. The ex-dividend date is Friday, May 22nd. Reliance’s payout ratio is 32.62%.

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.