Reliance (NYSE:RS) Shares Up 6% Following Earnings Beat

Reliance, Inc. (NYSE:RS)’s share price traded up 6% on Thursday after the company announced better than expected quarterly earnings. The stock traded as high as $413.96 and last traded at $409.2840. Approximately 92,942 shares changed hands during trading, a decline of 74% from the average session volume of 352,614 shares. The stock had previously closed at $386.21.

The industrial products company reported $6.27 earnings per share for the quarter, beating analysts’ consensus estimates of $5.47 by $0.80. Reliance had a return on equity of 12.60% and a net margin of 5.65%.The firm had revenue of $4.63 billion for the quarter, compared to analysts’ expectations of $4.26 billion. During the same period in the prior year, the business posted $4.43 earnings per share. The business’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.

Reliance Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be issued a $1.25 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $5.00 annualized dividend and a dividend yield of 1.3%. Reliance’s dividend payout ratio is presently 32.62%.

Key Headlines Impacting Reliance

Here are the key news stories impacting Reliance this week:

• Positive Sentiment: Reliance beat Q2 earnings and revenue estimates, with non-GAAP EPS of $6.27 and revenue of $4.63 billion, both above Wall Street expectations. Reliance, Inc. Reports Second Quarter 2026 Financial Results
• Positive Sentiment: Record quarterly tons sold, stronger pricing, and improving customer demand across end markets pointed to healthier operating trends. RS Q2 Earnings Beat Estimates on Record Shipments and Pricing
• Positive Sentiment: Management issued strong Q3 EPS guidance of $6.40 to $6.60, well above the consensus estimate, signaling confidence that earnings strength can continue. Reliance, Inc. Reports Second Quarter 2026 Financial Results
• Neutral Sentiment: Wells Fargo raised its price target on Reliance to $398 from $372 while keeping an equal-weight rating, reflecting a more constructive but still cautious stance. Benzinga / Tickerreport coverage of Wells Fargo target hike
• Neutral Sentiment: Reliance also declared a quarterly dividend of $1.25 per share, which supports the stock’s income appeal but is not a major near-term growth catalyst. MarketBeat RS overview

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on RS shares. BMO Capital Markets lifted their price target on shares of Reliance from $320.00 to $350.00 and gave the company a “market perform” rating in a report on Monday, April 27th. JPMorgan Chase & Co. dropped their target price on shares of Reliance from $378.00 to $376.00 and set a “neutral” rating for the company in a research report on Wednesday, July 15th. Seaport Research Partners increased their price target on Reliance from $340.00 to $390.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. Wall Street Zen upgraded Reliance from a “hold” rating to a “buy” rating in a research report on Saturday, April 11th. Finally, Wells Fargo & Company raised their price target on Reliance from $372.00 to $398.00 and gave the stock an “equal weight” rating in a research report on Thursday. Two research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $367.83.

Insiders Place Their Bets

In other Reliance news, CFO Arthur Ajemyan sold 3,500 shares of Reliance stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $358.12, for a total value of $1,253,420.00. Following the transaction, the chief financial officer owned 16,840 shares of the company’s stock, valued at approximately $6,030,740.80. The trade was a 17.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.40% of the company’s stock.

Institutional Investors Weigh In On Reliance

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Costello Asset Management INC acquired a new position in Reliance in the 1st quarter worth $30,000. Brown Brothers Harriman & Co. raised its stake 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 valued at $31,000 after purchasing an additional 50 shares during the period. Greenline Wealth Management LLC bought a new stake in shares of Reliance in the fourth quarter valued at about $32,000. Quarry LP bought a new stake in shares of Reliance in the third quarter valued at about $32,000. Finally, Parkside Financial Bank & Trust boosted its position in shares of Reliance by 87.3% during 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 period. 79.26% of the stock is currently owned by institutional investors and hedge funds.

Reliance Stock Up 2.1%

The company has a debt-to-equity ratio of 0.24, a current ratio of 4.39 and a quick ratio of 2.24. The company has a market capitalization of $20.13 billion, a price-to-earnings ratio of 22.93, a PEG ratio of 1.19 and a beta of 0.97. The firm has a 50-day moving average price of $386.00 and a two-hundred day moving average price of $347.02.

About Reliance

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.