Reliance (NYSE:RS – Get Free Report) is expected to be announcing its Q3 2026 results after the market closes on Wednesday, October 21st. Analysts expect Reliance to post earnings of $6.83 per share and revenue of $4.74 billion for the quarter. Reliance has set its Q3 2026 guidance at 6.400-6.600 EPS. Investors may visit the company’s upcoming Q3 2026 earnings report for the latest details on the call scheduled for Thursday, October 22, 2026 at 11:00 AM ET.
Reliance (NYSE:RS – Get Free Report) last announced its quarterly earnings data on Wednesday, July 22nd. The industrial products company reported $6.27 EPS for the quarter, beating the consensus estimate of $5.47 by $0.80. The company had revenue of $4.63 billion for the quarter, compared to the consensus estimate of $4.26 billion. Reliance had a net margin of 5.65% and a return on equity of 12.51%. Reliance’s revenue for the quarter was up 26.5% on a year-over-year basis. During the same period in the prior year, the firm posted $4.43 EPS. On average, analysts expect Reliance to post $23.70 EPS for the current fiscal year and $23.69 EPS for the next fiscal year.
Reliance Stock Up 1.5%
NYSE:RS opened at $417.31 on Tuesday. The firm has a market cap of $21.31 billion, a P/E ratio of 24.26, a P/E/G ratio of 0.94 and a beta of 0.95. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.27 and a current ratio of 4.30. Reliance has a fifty-two week low of $260.31 and a fifty-two week high of $433.02. The firm has a 50-day simple moving average of $398.20 and a two-hundred day simple moving average of $383.03.
Insider Activity
In other Reliance news, SVP William A. Smith II sold 2,353 shares of the company’s stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $414.21, for a total transaction of $974,636.13. Following the transaction, the senior vice president owned 19,394 shares in the company, valued at approximately $8,033,188.74. This represents a 10.82% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Arthur Ajemyan sold 2,200 shares of the firm’s stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $410.11, for a total transaction of $902,242.00. Following the sale, the chief financial officer directly owned 14,640 shares in the company, valued at approximately $6,004,010.40. The trade was a 13.06% decrease in their position. The SEC filing for this sale provides additional information. 0.40% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
RS has been the topic of several analyst reports. Citigroup reiterated a “neutral” rating on shares of Reliance in a research note on Wednesday, July 29th. Wall Street Zen lowered shares of Reliance from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 11th. Weiss Ratings upgraded shares of Reliance from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 8th. BMO Capital Markets upped their price objective on Reliance from $390.00 to $415.00 and gave the company a “market perform” rating in a research report on Monday, July 27th. Finally, JPMorgan Chase & Co. increased their target price on Reliance from $390.00 to $400.00 and gave the company a “neutral” rating in a research note on Friday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Reliance currently has a consensus rating of “Hold” and a consensus target price of $387.43.
View Our Latest Analysis on Reliance
Reliance Company Profile
Reliance, Inc (NYSE: RS) is a diversified metals service center company that supplies processed metal products and related services to industrial manufacturers, fabricators, and other commercial customers. Its product offerings include carbon steel, stainless steel, aluminum, copper, brass, and other specialty metals.
The company provides value-added processing services such as cutting, slitting, leveling, blanking, machining, forming, and precision sawing. These services allow customers to purchase metals in customized sizes and specifications, helping reduce their need for in-house processing and inventory management.
Founded in 1939, Reliance serves a broad range of industries, including nonresidential construction, transportation, aerospace and defense, energy, electronics, machinery, and general manufacturing.
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