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NYSE:RS

Reliance (RS) Stock Price, News & Analysis

Reliance logo
$270.98 +0.90 (+0.33%)
(As of 12/24/2024 05:19 PM ET)

About Reliance Stock (NYSE:RS)

Key Stats

Today's Range
$269.45
$271.83
50-Day Range
$264.20
$326.32
52-Week Range
$256.98
$342.20
Volume
131,600 shs
Average Volume
337,041 shs
Market Capitalization
$14.67 billion
P/E Ratio
14.88
Dividend Yield
1.62%
Price Target
$328.83
Consensus Rating
Hold

Company Overview

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. It sells its products directly to original equipment manufacturers, which primarily include small machine shops and fabricators. The company was formerly known as Reliance Steel & Aluminum Co. and changed its name to Reliance, Inc. in February 2024. Reliance, Inc. was founded in 1939 and is based in Scottsdale, Arizona.

Reliance Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
74th Percentile Overall Score

RS MarketRank™: 

Reliance scored higher than 74% of companies evaluated by MarketBeat, and ranked 85th out of 192 stocks in the basic materials sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Reliance has received a consensus rating of Hold. The company's average rating score is 2.17, and is based on 2 buy ratings, 3 hold ratings, and 1 sell rating.

  • Amount of Analyst Coverage

    Reliance has only been the subject of 3 research reports in the past 90 days.

  • Read more about Reliance's stock forecast and price target.
  • Earnings Growth

    Earnings for Reliance are expected to decrease by -0.30% in the coming year, from $16.42 to $16.37 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Reliance is 14.88, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.22.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Reliance is 14.88, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 109.99.

  • Price to Book Value per Share Ratio

    Reliance has a P/B Ratio of 2.01. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Percentage of Shares Shorted

    2.31% of the float of Reliance has been sold short.
  • Short Interest Ratio / Days to Cover

    Reliance has a short interest ratio ("days to cover") of 3.8, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Reliance has recently increased by 2.48%, indicating that investor sentiment is decreasing.
  • Dividend Yield

    Reliance pays a meaningful dividend of 1.64%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Reliance has been increasing its dividend for 14 years.

  • Dividend Coverage

    The dividend payout ratio of Reliance is 24.16%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, Reliance will have a dividend payout ratio of 26.88% next year. This indicates that Reliance will be able to sustain or increase its dividend.

  • Read more about Reliance's dividend.
  • Percentage of Shares Shorted

    2.31% of the float of Reliance has been sold short.
  • Short Interest Ratio / Days to Cover

    Reliance has a short interest ratio ("days to cover") of 3.8, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Reliance has recently increased by 2.48%, indicating that investor sentiment is decreasing.
  • News Sentiment

    Reliance has a news sentiment score of 0.20. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.47 average news sentiment score of Basic Materials companies.
  • News Coverage This Week

    MarketBeat has tracked 20 news articles for Reliance this week, compared to 19 articles on an average week.
  • Search Interest

    Only 6 people have searched for RS on MarketBeat in the last 30 days. This is a decrease of -33% compared to the previous 30 days.
  • MarketBeat Follows

    Only 4 people have added Reliance to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Reliance insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $6,856,500.00 in company stock.

  • Percentage Held by Insiders

    Only 0.69% of the stock of Reliance is held by insiders.

  • Percentage Held by Institutions

    79.26% of the stock of Reliance is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Reliance's insider trading history.
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RS Stock News Headlines

Reliance, Inc. (NYSE:RS) CEO Sells $1,260,618.80 in Stock
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RS Stock Analysis - Frequently Asked Questions

Reliance's stock was trading at $279.68 at the start of the year. Since then, RS stock has decreased by 3.1% and is now trading at $270.98.
View the best growth stocks for 2024 here
.

Reliance, Inc. (NYSE:RS) posted its earnings results on Thursday, October, 24th. The industrial products company reported $3.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.66 by $0.02. The firm's revenue was down 5.6% on a year-over-year basis.

Reliance subsidiaries include Rotax Metals Inc., Admiral Metals Servicenter Company Inc., Nu-Tech Precision Metals Inc., Merfish United, Fry Steel, All Metals Holding, KMS Fab, and more.

Reliance's top institutional investors include State Street Corp (4.63%), Wellington Management Group LLP (2.48%), Geode Capital Management LLC (1.79%) and Yacktman Asset Management LP (1.63%). Insiders that own company stock include Karla R Lewis, James Donald Hoffman, Jeffrey Wayne Durham, Sean Michael Mollins, William A Smith II, Arthur Ajemyan, Stephen Paul Koch, Michael R Hynes and Mark V Kaminski.
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.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Reliance investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Adobe (ADBE), Broadcom (AVGO), Arista Networks (ANET) and Tesla (TSLA).

Company Calendar

Last Earnings
10/24/2024
Ex-Dividend for 12/6 Dividend
11/22/2024
Dividend Payable
12/06/2024
Today
12/25/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Metals service centers & offices
Sub-Industry
Steel
CUSIP
75950910
Employees
15,000
Year Founded
1939

Price Target and Rating

Average Stock Price Target
$328.83
High Stock Price Target
$380.00
Low Stock Price Target
$262.00
Potential Upside/Downside
+21.3%
Consensus Rating
Hold
Rating Score (0-4)
2.17
Research Coverage
6 Analysts

Profitability

Net Income
$1.34 billion
Pretax Margin
9.54%

Debt

Sales & Book Value

Annual Sales
$14.05 billion
Cash Flow
$25.52 per share
Book Value
$134.66 per share

Miscellaneous

Free Float
53,747,000
Market Cap
$14.67 billion
Optionable
Optionable
Beta
0.87

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This page (NYSE:RS) was last updated on 12/25/2024 by MarketBeat.com Staff
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