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 guidance of 5.150-5.350 for the period, compared to the consensus earnings per share estimate of 5.000. The company issued revenue guidance of -.

Reliance Stock Down 1.9%

Reliance stock opened at $344.17 on Friday. The firm has a market capitalization of $17.80 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 firm’s fifty day moving average price is $314.37 and its two-hundred day moving average price is $301.99. Reliance has a 1-year low of $260.31 and a 1-year high of $365.59. The company has a current ratio of 4.88, a quick ratio of 2.30 and a debt-to-equity ratio of 0.20.

Reliance (NYSE:RS) last posted its earnings results on Wednesday, April 22nd. The industrial products company reported $5.16 EPS for the quarter, topping the consensus estimate of $4.63 by $0.53. Reliance had a net margin of 5.42% and a return on equity of 11.32%. The company had revenue of $4.03 billion during the quarter, compared to the consensus estimate of $3.89 billion. During the same period in the previous year, the firm posted $3.77 earnings per share. The firm’s revenue for the quarter was up 15.1% on a year-over-year basis. Reliance has set its Q2 2026 guidance at 5.150-5.350 EPS. On average, equities research analysts predict that Reliance will post 17.65 earnings per share for the current fiscal year.

Reliance Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, May 22nd will be issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Friday, May 22nd. Reliance’s dividend payout ratio (DPR) is currently 35.79%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on RS shares. 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. Zacks Research raised Reliance from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 3rd. BMO Capital Markets cut Reliance from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $340.00 to $320.00 in a research note on Friday, February 20th. Wall Street Zen raised shares of Reliance from a “hold” rating to a “buy” rating in a report on Saturday, April 11th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Reliance in a research note on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $331.00.

Insiders Place Their Bets

In related news, SVP William A. Smith II sold 6,615 shares of the business’s stock in a transaction dated 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 transaction, the senior vice president directly owned 21,747 shares of the company’s stock, valued at approximately $6,493,871.67. The trade was a 23.32% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Stephen Paul Koch sold 24,060 shares of the stock in a transaction dated 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 transaction, the chief operating officer owned 14,021 shares of the company’s stock, valued at approximately $4,509,434.02. The trade was a 63.18% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.40% of the company’s stock.

Institutional Investors Weigh In On Reliance

Several large investors have recently modified their holdings of RS. Brown Brothers Harriman & Co. raised its holdings in shares of Reliance by 86.2% in the 4th quarter. Brown Brothers Harriman & Co. now owns 108 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 50 shares during the period. Quarry LP bought a new position in Reliance during the third quarter valued at $32,000. Greenline Wealth Management LLC bought a new position in Reliance during the fourth quarter valued at $32,000. Parkside Financial Bank & Trust increased its position in Reliance by 87.3% in the fourth quarter. Parkside Financial Bank & Trust now owns 118 shares of the industrial products company’s stock worth $34,000 after buying an additional 55 shares during the last quarter. Finally, Advisory Services Network LLC purchased a new stake in Reliance in the third quarter worth $39,000. Hedge funds and other institutional investors own 79.26% of the company’s stock.

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.