Reliance (RS) to Release Quarterly Earnings on Wednesday

Reliance (NYSE:RS) will likely be issuing its Q2 2025 quarterly earnings data after the market closes on Wednesday, July 23rd. Analysts expect the company to announce earnings of $4.63 per share and revenue of $3.66 billion for the quarter. Reliance has set its Q2 2025 guidance at 4.500-4.700 EPS.

Reliance (NYSE:RS) last announced its quarterly earnings data on Wednesday, April 23rd. The industrial products company reported $3.77 earnings per share for the quarter, topping the consensus estimate of $3.66 by $0.11. The company had revenue of $3.48 billion during the quarter, compared to analyst estimates of $3.44 billion. Reliance had a net margin of 5.65% and a return on equity of 10.77%. The firm’s revenue for the quarter was down 4.4% compared to the same quarter last year. During the same period last year, the business earned $5.30 EPS. On average, analysts expect Reliance to post $17 EPS for the current fiscal year and $18 EPS for the next fiscal year.

Reliance Price Performance

Shares of RS stock opened at $322.45 on Wednesday. The firm has a market cap of $16.96 billion, a P/E ratio of 23.11, a P/E/G ratio of 1.47 and a beta of 0.89. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.17 and a quick ratio of 1.58. Reliance has a 1-year low of $250.07 and a 1-year high of $333.71. The firm has a fifty day moving average of $309.00 and a two-hundred day moving average of $292.63.

Reliance Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 23rd were given a $1.20 dividend. The ex-dividend date was Friday, May 23rd. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.49%. Reliance’s payout ratio is currently 34.41%.

Institutional Trading of Reliance

A number of institutional investors and hedge funds have recently modified their holdings of the company. Royal Bank of Canada lifted its position in Reliance by 6.6% during the 1st quarter. Royal Bank of Canada now owns 15,111 shares of the industrial products company’s stock worth $4,364,000 after buying an additional 940 shares in the last quarter. Empowered Funds LLC lifted its position in Reliance by 4.8% during the 1st quarter. Empowered Funds LLC now owns 5,662 shares of the industrial products company’s stock valued at $1,635,000 after purchasing an additional 258 shares during the period. Finally, Geneos Wealth Management Inc. lifted its position in Reliance by 99.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 263 shares of the industrial products company’s stock valued at $76,000 after purchasing an additional 131 shares during the period. 79.26% of the stock is currently owned by institutional investors and hedge funds.

About Reliance

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.