NYSE:RS Reliance (RS) Stock Price, News & Analysis $286.01 +8.90 (+3.21%) (As of 09/19/2024 ET) Add Compare Share Share Stock Analysis Stock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrends About Reliance Stock (NYSE:RS) 30 days 90 days 365 days Advanced Chart View Price History Chart DataSkip Price History Chart Key Stats Today's Range$280.29▼$287.0050-Day Range$271.25▼$308.7552-Week Range$237.14▼$342.20Volume370,354 shsAverage Volume318,283 shsMarket Capitalization$16.42 billionP/E Ratio13.36Dividend Yield1.54%Price Target$329.40Consensus RatingHold Company OverviewReliance, 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.Read More… Our #1 Ticker for the Rare "Retirement Window" (Ad)We've only seen this happen three times in the past 20 years... And every time - like clockwork - it's minted an entire new class of millionaires.Click here for our #1 "Retirement Window" Stock >>> Reliance Stock Analysis - MarketRank™See Top Rated MarketRank™ StocksOverall MarketRank™: 79th PercentileReliance scored higher than 79% of companies evaluated by MarketBeat, and ranked 77th out of 197 stocks in the basic materials sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation. Analyst's Opinion2.1 / 5Analyst RatingHold Consensus RatingReliance has received a consensus rating of Hold. The company's average rating score is 2.20, and is based on 2 buy ratings, 2 hold ratings, and 1 sell rating.Amount of Analyst CoverageReliance 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 and Valuation1.9 / 5Proj. Earnings Growth1.34% Earnings GrowthEarnings for Reliance are expected to grow by 1.34% in the coming year, from $17.21 to $17.44 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Reliance is 13.36, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 131.01.Price to Earnings Ratio vs. SectorThe P/E ratio of Reliance is 13.36, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 125.51.Price to Book Value per Share RatioReliance has a P/B Ratio of 2.12. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about Reliance's valuation and earnings. Short Interest4.0 / 5Short Interest LevelHealthy Percentage of Shares Shorted2.09% of the float of Reliance has been sold short.Short Interest Ratio / Days to CoverReliance has a short interest ratio ("days to cover") of 2.9, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Reliance has recently decreased by 4.20%, indicating that investor sentiment is improving. Dividend2.5 / 5Dividend StrengthModerate Dividend YieldReliance pays a meaningful dividend of 1.61%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthReliance does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Reliance is 20.55%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Reliance will have a dividend payout ratio of 25.23% next year. This indicates that Reliance will be able to sustain or increase its dividend.Read more about Reliance's dividend. Sustainability and ESG0.0 / 5Environmental Score-6.17 Percentage of Shares Shorted2.09% of the float of Reliance has been sold short.Short Interest Ratio / Days to CoverReliance has a short interest ratio ("days to cover") of 2.9, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Reliance has recently decreased by 4.20%, indicating that investor sentiment is improving. News and Social Media2.4 / 5News Sentiment0.40 News SentimentReliance has a news sentiment score of 0.40. 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 news sentiment score is similar to the average news sentiment of Basic Materials companies.News Coverage This WeekMarketBeat has tracked 30 news articles for Reliance this week, compared to 12 articles on an average week.Search Interest2 people have searched for RS on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.MarketBeat FollowsOnly 1 people have added Reliance to their MarketBeat watchlist in the last 30 days. This is a decrease of -80% compared to the previous 30 days. Company Ownership1.7 / 5Insider TradingN/A Insider Buying vs. Insider SellingIn the past three months, Reliance insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 0.69% of the stock of Reliance is held by insiders.Percentage Held by Institutions79.26% 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. RS Stock News HeadlinesReliance Power, Reliance Infrastructure shares rise up to 7.5%; what’s driving the gains?September 19 at 4:19 AM | msn.comReliance Jio announces 'Diwali Dhamaka' offer with 1 year of free AirFiber subscription; see detailsSeptember 18 at 11:17 PM | msn.com“Buffett Indicator” Predicts 62% Stock Market CrashThe last time the "Buffett Indicator" flashed this red was in 2000 - right before the market crashed 50%.September 19, 2024 | Behind the Markets (Ad)Reliance Infra, Reliance Power shares skyrocket as investors cheer debt settlement milestonesSeptember 18 at 6:17 PM | msn.comReliance Infra shares hit 20% upper circuit level; here's what analysts saySeptember 18 at 1:08 PM | msn.comReliance Infra cuts standalone debt by 87%; shares surge 20%September 18 at 1:08 PM | msn.comReliance Infra shares hit 20% upper circuit. What's next?September 18 at 8:08 AM | msn.comReliance Power settles Rs 3,872 crore guarantor obligations for Vidarbha Industries PowerSeptember 18 at 8:08 AM | msn.comSee More Headlines RS Stock Analysis - Frequently Asked Questions How have RS shares performed this year? Reliance's stock was trading at $279.68 at the beginning of 2024. Since then, RS stock has increased by 2.3% and is now trading at $286.01. 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, July, 25th. The industrial products company reported $4.65 earnings per share for the quarter, missing the consensus estimate of $4.73 by $0.08. The business's revenue for the quarter was down 6.1% 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? Top institutional investors of Reliance include Dimensional Fund Advisors LP (2.04%), Yacktman Asset Management LP (1.72%), Acadian Asset Management LLC (1.72%) and Royal London Asset Management Ltd. (1.53%). Insiders that own company stock include Karla R Lewis, James Donald Hoffman, Jeffrey Wayne Durham, William A Smith II, Sean Michael Mollins, Arthur Ajemyan, Mark V Kaminski, Stephen Paul Koch and Michael R Hynes. 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 Xtrackers California Municipal Bond ETF (CA), BlackRock (BLK), Chipotle Mexican Grill (CMG), Endologix (ELGX), Athabasca Oil (ATH), Micron Technology (MU) and Accenture (ACN). Company Calendar Last Earnings7/25/2024Ex-Dividend for 8/30 Dividend8/16/2024Dividend Payable8/30/2024Today9/19/2024Next Earnings (Estimated)10/24/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorBasic Materials Industry Metals service centers & offices Sub-IndustrySteel Current SymbolNYSE:RS CUSIP75950910 CIK861884 Webwww.rsac.com Phone(480) 564-5700Fax213-687-8792Employees15,000Year Founded1939Price Target and Rating Average Stock Price Target$329.40 High Stock Price Target$380.00 Low Stock Price Target$262.00 Potential Upside/Downside+15.2%Consensus RatingHold Rating Score (0-4)2.20 Research Coverage5 Analysts Profitability EPS (Most Recent Fiscal Year)$21.41 Trailing P/E Ratio13.36 Forward P/E Ratio16.62 P/E GrowthN/ANet Income$1.34 billion Net Margins7.99% Pretax Margin10.30% Return on Equity14.73% Return on Assets10.85% Debt Debt-to-Equity Ratio0.15 Current Ratio5.02 Quick Ratio2.43 Sales & Book Value Annual Sales$14.25 billion Price / Sales1.15 Cash Flow$28.72 per share Price / Cash Flow9.96 Book Value$134.66 per share Price / Book2.12Miscellaneous Outstanding Shares57,427,000Free Float57,031,000Market Cap$16.42 billion OptionableOptionable Beta0.85 Social Links This page (NYSE:RS) was last updated on 9/19/2024 by MarketBeat.com Staff From Our PartnersUnlock the Secret to Easy Wins with Iron CondorsDiscover the power of Iron Condor trades – a low-risk, high-reward strategy that allows you to profit consiste...Netpicks | SponsoredSell NVDA Now?Guess who's selling NVDA next The most successful hedge fund in history quietly sold 500,000 shares. 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