Reliance (RS) Stock Price, News & Analysis

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Reliance in the last year. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" RS shares.
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4 analysts have issued twelve-month target prices for Reliance's shares. Their RS share price targets range from $355.00 to $380.00. On average, they predict the company's stock price to reach $365.67 in the next twelve months. This suggests a possible upside of 13.8% from the stock's current price.
View analysts price targets for RS or view top-rated stocks among Wall Street analysts.

Reliance's stock was trading at $279.68 at the beginning of 2024. Since then, RS shares have increased by 14.9% and is now trading at $321.46.
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Reliance saw a drop in short interest in March. As of March 31st, there was short interest totaling 692,100 shares, a drop of 20.1% from the March 15th total of 866,700 shares. Based on an average trading volume of 246,500 shares, the days-to-cover ratio is presently 2.8 days. Currently, 1.2% of the shares of the stock are short sold.
View Reliance's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024.
View our RS earnings forecast.

Reliance will be holding an earnings conference call on Thursday, April 25th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Reliance, Inc. (NYSE:RS) announced its quarterly earnings results on Thursday, February, 15th. The industrial products company reported $4.73 EPS for the quarter, topping the consensus estimate of $3.92 by $0.81. The industrial products company earned $3.34 billion during the quarter, compared to analyst estimates of $3.31 billion. Reliance had a trailing twelve-month return on equity of 17.53% and a net margin of 9.02%. Reliance's revenue for the quarter was down 7.6% compared to the same quarter last year. During the same period last year, the company earned $5.87 earnings per share.

Reliance declared a quarterly dividend on Tuesday, February 13th. Stockholders of record on Friday, March 8th will be given a dividend of $1.10 per share on Friday, March 22nd. This represents a $4.40 annualized dividend and a dividend yield of 1.37%. The ex-dividend date is Thursday, March 7th. This is an increase from the stock's previous quarterly dividend of $1.00.
Read our dividend analysis for RS.

Reliance (NYSE:RS) pays an annual dividend of $4.40 per share and currently has a dividend yield of 1.36%. The company has been increasing its dividend for 14 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 19.46%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RS will have a dividend payout ratio of 24.44% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for RS.

ETFs with the largest weight of Reliance (NYSE:RS) stock in their portfolio include VanEck Steel ETF (SLX), SPDR S&P Metals & Mining ETF (XME), Invesco Dorsey Wright Basic Materials Momentum ETF (PYZ), QRAFT AI-Enhanced U.S. Next Value ETF (NVQ), Direxion Daily Metals & Mining Bull 2X Shares (MNM), Formidable Fortress ETF (KONG), First Trust Materials AlphaDEX Fund (FXZ) and Invesco S&P MidCap Quality ETF (XMHQ).

Reliance issued an update on its first quarter 2024 earnings guidance on Friday, February, 16th. The company provided earnings per share (EPS) guidance of 5.300-5.500 for the period, compared to the consensus EPS estimate of 5.210. The company issued revenue guidance of -.

21 employees have rated Reliance Chief Executive Officer David H. Hannah on Glassdoor.com. David H. Hannah has an approval rating of 86% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Reliance investors own include Xtrackers California Municipal Bond ETF (CA), BlackRock (BLK), Chipotle Mexican Grill (CMG), Endologix (ELGX), Athabasca Oil (ATH), Micron Technology (MU), Accenture (ACN), Boeing (BA), NIC (EGOV) and

Reliance's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Oliver Luxxe Assets LLC (0.03%), Hennessy Advisors Inc. (0.03%), Occidental Asset Management LLC (0.03%), Wealth Enhancement Advisory Services LLC (0.02%), Los Angeles Capital Management LLC (0.02%) and Orser Capital Management LLC (0.01%). Insiders that own company stock include Arthur Ajemyan, James Donald Hoffman, Jeffrey Wayne Durham, Karla R Lewis, Mark V Kaminski, Michael R Hynes, Sean Michael Mollins, Stephen Paul Koch and William A Smith II.
View institutional ownership trends.

Shares of RS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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