Zacks Research Has Negative Outlook of Reliance Q2 Earnings

Reliance, Inc. (NYSE:RS) – Equities research analysts at Zacks Research dropped their Q2 2027 earnings per share estimates for shares of Reliance in a research note issued on Tuesday, November 4th. Zacks Research analyst Team now anticipates that the industrial products company will earn $5.69 per share for the quarter, down from their previous forecast of $6.26. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Reliance’s current full-year earnings is $16.98 per share.

A number of other equities analysts have also recently issued reports on the stock. JPMorgan Chase & Co. dropped their price target on shares of Reliance from $350.00 to $345.00 and set an “overweight” rating on the stock in a research note on Monday, October 13th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Reliance in a research note on Wednesday, October 8th. Wells Fargo & Company cut their price target on shares of Reliance from $296.00 to $284.00 and set an “equal weight” rating on the stock in a report on Friday, October 24th. Finally, BMO Capital Markets reduced their price target on shares of Reliance from $340.00 to $315.00 and set an “outperform” rating for the company in a research report on Friday, October 24th. Three research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Reliance presently has an average rating of “Hold” and an average target price of $322.40.

Reliance Price Performance

Shares of NYSE:RS opened at $275.36 on Thursday. Reliance has a 1-year low of $250.07 and a 1-year high of $347.43. The company has a debt-to-equity ratio of 0.19, a current ratio of 4.43 and a quick ratio of 2.08. The business has a fifty day moving average price of $282.80 and a 200-day moving average price of $296.10. The company has a market capitalization of $14.40 billion, a PE ratio of 20.13, a PEG ratio of 1.46 and a beta of 0.90.

Reliance (NYSE:RS) last announced its quarterly earnings data on Wednesday, October 22nd. The industrial products company reported $3.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.68 by ($0.04). Reliance had a net margin of 5.23% and a return on equity of 10.37%. The company had revenue of $3.65 billion for the quarter, compared to analysts’ expectations of $3.54 billion. During the same quarter in the previous year, the firm posted $3.64 EPS. The firm’s quarterly revenue was up 6.8% compared to the same quarter last year. Reliance has set its Q4 2025 guidance at 2.650-2.85 EPS.

Reliance Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 21st will be issued a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, November 21st. Reliance’s payout ratio is presently 35.09%.

Institutional Investors Weigh In On Reliance

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. CenterBook Partners LP purchased a new stake in Reliance during the 3rd quarter valued at $3,293,000. First National Bank of Omaha bought a new stake in shares of Reliance in the third quarter worth $8,044,000. GSA Capital Partners LLP bought a new stake in shares of Reliance in the third quarter worth $725,000. Atticus Wealth Management LLC increased its position in Reliance by 84.7% during the third quarter. Atticus Wealth Management LLC now owns 1,389 shares of the industrial products company’s stock valued at $390,000 after acquiring an additional 637 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in Reliance by 49.4% during the third quarter. JPMorgan Chase & Co. now owns 342,796 shares of the industrial products company’s stock valued at $96,268,000 after acquiring an additional 113,378 shares during the last quarter. Hedge funds and other institutional investors own 79.26% of the company’s stock.

Reliance Company Profile

Reliance, Inc operates as a diversified metal solutions provider and the metals service center company in the United States, Canada, and internationally. The company distributes a line of approximately 100,000 metal products, including alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium, and specialty steel products; and provides metals processing services to general manufacturing, non-residential construction, transportation, aerospace, energy, electronics and semiconductor fabrication, and heavy industries.