Reliance (NYSE:RS) Releases Q2 2026 Earnings Guidance

Reliance (NYSE:RS) issued an update on its second quarter 2026 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 5.150-5.350 for the period, compared to the consensus estimate of 5.000. The company issued revenue guidance of -.

Reliance Stock Up 4.3%

Reliance stock traded up $14.61 during mid-day trading on Wednesday, reaching $350.60. The stock had a trading volume of 618,691 shares, compared to its average volume of 352,858. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.30 and a current ratio of 4.88. Reliance has a fifty-two week low of $260.31 and a fifty-two week high of $365.59. The stock’s 50-day simple moving average is $314.80 and its 200-day simple moving average is $301.35. The firm has a market capitalization of $18.14 billion, a PE ratio of 25.10, a price-to-earnings-growth ratio of 1.27 and a beta of 0.88.

Reliance (NYSE:RS) last issued its quarterly earnings data on Wednesday, April 22nd. The industrial products company reported $5.16 earnings per share for the quarter, beating the consensus estimate of $4.63 by $0.53. Reliance had a return on equity of 10.45% and a net margin of 5.17%.The business had revenue of $4.03 billion for the quarter, compared to analysts’ expectations of $3.89 billion. Reliance has set its Q2 2026 guidance at 5.150-5.350 EPS. On average, sell-side analysts forecast that Reliance will post 17.65 EPS for the current fiscal year.

Reliance Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Friday, March 6th were paid a dividend of $1.25 per share. This is a boost from Reliance’s previous quarterly dividend of $1.20. The ex-dividend date was Friday, March 6th. This represents a $5.00 annualized dividend and a yield of 1.4%. Reliance’s dividend payout ratio (DPR) is 35.79%.

Wall Street Analysts Forecast Growth

RS has been the topic of several recent analyst reports. The Goldman Sachs Group initiated coverage on Reliance in a research note on Wednesday, April 1st. They set a “neutral” rating and a $300.00 price objective on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Reliance in a research note on Monday, December 29th. KeyCorp started coverage on Reliance in a report on Wednesday, March 25th. They set an “overweight” rating and a $341.00 price target on the stock. JPMorgan Chase & Co. lifted their price target on Reliance from $330.00 to $340.00 and gave the stock a “neutral” rating in a report on Tuesday, April 14th. Finally, Wall Street Zen upgraded Reliance from a “hold” rating to a “buy” rating in a report on Saturday, April 11th. One investment analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, Reliance currently has a consensus rating of “Hold” and a consensus price target of $326.20.

Insiders Place Their Bets

In other Reliance news, COO Stephen Paul Koch sold 24,060 shares of the business’s stock in a transaction on Monday, February 23rd. The stock was 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 $4,509,434.02. The trade was a 63.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP William A. Smith II sold 6,615 shares of the business’s stock in a transaction on Monday, March 9th. The shares were sold at an average price of $298.61, for a total value of $1,975,305.15. Following the completion of the sale, the senior vice president owned 21,747 shares in the company, valued at approximately $6,493,871.67. The trade was a 23.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.40% of the company’s stock.

Institutional Trading of Reliance

Hedge funds have recently made changes to their positions in the company. Brown Brothers Harriman & Co. raised its stake in shares of Reliance by 86.2% in the fourth quarter. Brown Brothers Harriman & Co. now owns 108 shares of the industrial products company’s stock valued at $31,000 after buying an additional 50 shares during the period. Quarry LP bought a new stake in shares of Reliance in the third quarter valued at $32,000. Greenline Wealth Management LLC bought a new stake in shares of Reliance in the fourth quarter valued at $32,000. Parkside Financial Bank & Trust raised its stake in shares of Reliance by 87.3% in the fourth quarter. Parkside Financial Bank & Trust now owns 118 shares of the industrial products company’s stock valued at $34,000 after buying an additional 55 shares during the period. Finally, Advisory Services Network LLC bought a new stake in shares of Reliance in the third quarter valued at $39,000. 79.26% of the stock is currently owned by institutional investors.

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.