Reliance (NYSE:RS – Get Free Report) issued an update on its third quarter 2026 earnings guidance on Wednesday. The company provided EPS guidance of 6.400-6.600 for the period, compared to the consensus earnings per share estimate of 5.180. The company issued revenue guidance of -.
Reliance Stock Performance
NYSE RS opened at $394.39 on Friday. The firm’s fifty day moving average price is $386.00 and its two-hundred day moving average price is $347.02. The stock has a market cap of $20.13 billion, a PE ratio of 22.93, a PEG ratio of 1.19 and a beta of 0.97. Reliance has a fifty-two week low of $260.31 and a fifty-two week high of $419.83. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.24 and a current ratio of 4.39.
Reliance (NYSE:RS – Get Free Report) last released its quarterly earnings data on Wednesday, July 22nd. The industrial products company reported $6.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.47 by $0.80. Reliance had a return on equity of 12.60% and a net margin of 5.65%.The company had revenue of $4.63 billion during the quarter, compared to the consensus estimate of $4.26 billion. During the same quarter in the prior year, the firm posted $4.43 earnings per share. The firm’s revenue was up 26.5% compared to the same quarter last year. Reliance has set its Q3 2026 guidance at 6.400-6.600 EPS. On average, equities analysts expect that Reliance will post 19.24 EPS for the current fiscal year.
Reliance Announces Dividend
Analyst Upgrades and Downgrades
A number of equities analysts recently weighed in on RS shares. Seaport Research Partners lifted their target price on shares of Reliance from $340.00 to $390.00 and gave the stock a “buy” rating in a research note on Tuesday, April 28th. KeyCorp raised their price objective on shares of Reliance from $378.00 to $418.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 24th. BMO Capital Markets boosted their target price on Reliance from $320.00 to $350.00 and gave the company a “market perform” rating in a research report on Monday, April 27th. Wall Street Zen raised Reliance from a “hold” rating to a “buy” rating in a research note on Saturday, April 11th. Finally, The Goldman Sachs Group started coverage on Reliance in a report on Wednesday, April 1st. They issued a “neutral” rating and a $300.00 price target on the stock. Two investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $367.83.
Read Our Latest Stock Analysis on Reliance
Insider Buying and Selling
In related news, CFO Arthur Ajemyan sold 3,500 shares of the 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 transaction, the chief financial officer owned 16,840 shares in the company, valued at approximately $6,030,740.80. This represents a 17.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.40% of the company’s stock.
Reliance News Summary
Here are the key news stories impacting Reliance this week:
- Positive Sentiment: Reliance reported better-than-expected Q2 2026 results, with non-GAAP EPS of $6.27 and revenue of $4.63 billion, both ahead of estimates. The company also posted record tons sold, which suggests strong end-market demand and efficient execution. Reliance, Inc. Reports Second Quarter 2026 Financial Results
- Positive Sentiment: Management raised Q3 2026 EPS guidance to $6.40-$6.60, well above the prior consensus estimate, signaling confidence that earnings momentum can continue into the next quarter. Reliance, Inc. (RS) Q2 2026 Earnings Call Transcript
- Positive Sentiment: Investors are also reacting to commentary that a U.S. border wall project contributed more to earnings than expected, adding an incremental boost to profitability in the quarter. Reliance Inc (RS) Q2 2026 Earnings Call Highlights
- Neutral Sentiment: Wells Fargo raised its price target on RS to $398 from $372 while keeping an equal-weight rating, reflecting improved earnings visibility but not a full bullish shift.
- Neutral Sentiment: The company also announced a quarterly dividend of $1.25 per share, which supports shareholder returns but is unlikely to be the main driver of the stock move.
- Negative Sentiment: Insider trading data shows several executives have sold shares over the past six months, which may temper enthusiasm slightly, though this appears secondary to the earnings-driven rally.
Institutional Investors Weigh In On Reliance
Institutional investors have recently added to or reduced their stakes in the business. State Street Corp raised its position in shares of Reliance by 4.5% in the fourth quarter. State Street Corp now owns 2,715,764 shares of the industrial products company’s stock valued at $784,503,000 after purchasing an additional 118,009 shares during the period. Boston Partners boosted its stake in Reliance by 27.5% in the 3rd quarter. Boston Partners now owns 2,247,603 shares of the industrial products company’s stock worth $631,224,000 after purchasing an additional 484,286 shares during the period. Wellington Management Group LLP boosted its stake 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 worth $479,870,000 after purchasing an additional 343,598 shares during the period. Dimensional Fund Advisors LP grew its stake in Reliance by 8.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 735,212 shares of the industrial products company’s stock valued at $212,390,000 after acquiring an additional 55,344 shares in the last quarter. Finally, Morgan Stanley increased its holdings in Reliance by 13.5% during the 4th quarter. Morgan Stanley now owns 612,387 shares of the industrial products company’s stock worth $176,901,000 after acquiring an additional 72,707 shares during the period. 79.26% of the stock is owned by hedge funds and other 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.
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