Reliance (NYSE:RS) Releases Q1 2025 Earnings Guidance

Reliance (NYSE:RS - Get Free Report) issued an update on its first quarter 2025 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 3.300-3.500 for the period, compared to the consensus estimate of 3.610. The company issued revenue guidance of -.

Reliance Stock Performance

Reliance stock traded down $1.60 during midday trading on Friday, reaching $301.06. 531,353 shares of the company's stock were exchanged, compared to its average volume of 428,969. Reliance has a 52 week low of $256.98 and a 52 week high of $342.20. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.58 and a current ratio of 3.31. The firm has a market cap of $16.29 billion, a price-to-earnings ratio of 19.50 and a beta of 0.91. The stock's 50-day simple moving average is $281.93 and its 200 day simple moving average is $289.29.

Reliance (NYSE:RS - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The industrial products company reported $2.22 EPS for the quarter, missing analysts' consensus estimates of $2.74 by ($0.52). Reliance had a return on equity of 11.71% and a net margin of 6.33%. The business had revenue of $3.13 billion for the quarter, compared to the consensus estimate of $3.04 billion. On average, analysts expect that Reliance will post 16.98 earnings per share for the current fiscal year.

Reliance Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be issued a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date of this dividend is Friday, March 7th. This is a boost from Reliance's previous quarterly dividend of $1.10. Reliance's payout ratio is currently 28.50%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on RS. BMO Capital Markets reduced their price objective on Reliance from $340.00 to $330.00 and set an "outperform" rating for the company in a report on Friday, October 25th. KeyCorp dropped their price target on shares of Reliance from $325.00 to $321.00 and set an "overweight" rating for the company in a research report on Wednesday, January 22nd. Wolfe Research upgraded shares of Reliance from an "underperform" rating to a "peer perform" rating in a research report on Wednesday, January 8th. Finally, The Goldman Sachs Group started coverage on shares of Reliance in a research report on Monday, December 2nd. They issued a "neutral" rating and a $341.00 price target for the company. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $328.17.

Insider Buying and Selling at Reliance

In other Reliance news, CEO Karla R. Lewis sold 3,892 shares of the business's stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $323.90, for a total transaction of $1,260,618.80. Following the completion of the transaction, the chief executive officer now directly owns 85,117 shares in the company, valued at $27,569,396.30. The trade was a 4.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.69% of the company's stock.

Reliance Company Profile

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.