Reliance (RS) Stock Price, News & Analysis

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.

Key Stats

• Today's Range: $256.98 to $271.32
• 50-Day Range: $264.20 to $326.32
• 52-Week Range: $256.98 to $342.20
• Volume: 3.91 million shs
• Average Volume: 337,566 shs
• Market Capitalization: $14.56 billion
• P/E Ratio: 14.77
• Dividend Yield: 1.64%
• Price Target: $328.83
• Consensus Rating: Hold

Reliance Stock Analysis - MarketRank™

Reliance scored higher than 76% of companies evaluated by MarketBeat, and ranked 79th 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.

Analyst's Opinion

• Score: 2.1 / 5
• Analyst Rating: Hold

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.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: -0.30%

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 14.77, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.39.

Price to Earnings Ratio vs. Sector

The P/E ratio of Reliance is 14.77, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 112.65.

Price to Book Value per Share Ratio

Reliance has a P/B Ratio of 2.00. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

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

• Score: 4.2 / 5
• Dividend Strength: Strong

Dividend Yield

Reliance pays a meaningful dividend of 1.57%, 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.

Sustainability and ESG

• Score: 0.0 / 5
• Environmental Score: -6.17

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 and Social Media

• Score: 2.4 / 5
• News Sentiment: 0.38

News Sentiment

Reliance has a news sentiment score of 0.38. 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 0.51 average news sentiment score of Basic Materials companies.

News Coverage This Week

MarketBeat has tracked 26 news articles for Reliance this week, compared to 19 articles on an average week.

Search Interest

9 people have searched for RS on MarketBeat in the last 30 days. This is an increase of 50% 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.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

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.

RS Stock Analysis - Frequently Asked Questions

How have RS shares performed this year?

Reliance's stock was trading at $279.68 on January 1st, 2024. Since then, RS shares have decreased by 3.8% and is now trading at $269.02.
View the best growth stocks for 2024 here.

How were Reliance's earnings last quarter?

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

Does Reliance have any subsidiaries?

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

Who are Reliance's major shareholders?

Reliance's top institutional shareholders 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.

How do I buy shares of Reliance?

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.

What other stocks do shareholders of Reliance own?

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: 12/21/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Basic Materials
• Industry: Metals service centers & offices
• Sub-Industry: Steel
• Current Symbol: NYSE:RS
• CUSIP: 75950910
• CIK: 861884
• Web: www.rsac.com
• Phone: (480) 564-5700
• Fax: 213-687-8792
• 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: +22.2%
• Consensus Rating: Hold
• Rating Score (0-4): 2.17
• Research Coverage: 6 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $18.21
• Trailing P/E Ratio: 14.77
• Forward P/E Ratio: 16.38
• P/E Growth: N/A
• Net Income: $1.34 billion
• Net Margins: 7.42%
• Pretax Margin: 9.54%
• Return on Equity: 13.68%
• Return on Assets: 10.00%

Debt

• Debt-to-Equity Ratio: 0.12
• Current Ratio: 3.31
• Quick Ratio: 1.58

Sales & Book Value

• Annual Sales: $14.05 billion
• Price / Sales: 1.04
• Cash Flow: $25.33 per share
• Price / Cash Flow: 10.62
• Book Value: $134.66 per share
• Price / Book: 2.00

Miscellaneous

• Outstanding Shares: 54,120,000
• Free Float: 53,747,000
• Market Cap: $14.56 billion
• Optionable: Optionable
• Beta: 0.87