Reliance Steel & Aluminum Co. (RS)

NYSE: RS · IEX Real-Time Price · USD
189.61
+7.52 (4.13%)
Oct 4, 2022 4:00 PM EDT - Market closed
4.13%
Market Cap 11.43B
Revenue (ttm) 17.00B
Net Income (ttm) 1.91B
Shares Out 60.29M
EPS (ttm) 30.26
PE Ratio 6.27
Forward PE 7.74
Dividend $3.31 (1.75%)
Ex-Dividend Date Aug 18, 2022
Volume 317,625
Open 183.87
Previous Close 182.09
Day's Range 183.19 - 189.88
52-Week Range 139.02 - 211.66
Beta 0.83
Analysts Buy
Price Target 226.53 (+19.5%)
Earnings Date Oct 27, 2022

About RS

Reliance Steel & Aluminum Co. 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.... [Read more...]

Industry Metals & Mining
IPO Date Sep 15, 1994
CEO James Hoffman
Employees 13,700
Stock Exchange NYSE
Ticker Symbol RS
Full Company Profile

Financial Performance

In 2021, RS's revenue was $14.09 billion, an increase of 59.93% compared to the previous year's $8.81 billion. Earnings were $1.41 billion, an increase of 282.82%.

Financial Statements

Analyst Forecast

According to 18 analysts, the average rating for RS stock is "Buy." The 12-month stock price forecast is 226.53, which is an increase of 19.47% from the latest price.

Price Target
$226.53
(19.47% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Reliance Steel (RS) Forms 'Hammer Chart Pattern': Time for Bottom Fishing?

After losing some value lately, a hammer chart pattern has been formed for Reliance Steel (RS), indicating that the stock has found support. This, combined with an upward trend in earnings estimate revi...

1 week ago - Zacks Investment Research

3 Reasons Growth Investors Will Love Reliance Steel (RS)

Reliance Steel (RS) possesses solid growth attributes, which could help it handily outperform the market.

1 week ago - Zacks Investment Research

Why You Should Add Reliance Steel (RS) Stock to Your Portfolio

Reliance Steel (RS) benefits from healthy demand in major end-use markets and strategic acquisitions.

1 week ago - Zacks Investment Research

Reliance Steel (RS) Upgraded to Buy: What Does It Mean for the Stock?

Reliance Steel (RS) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

2 weeks ago - Zacks Investment Research

Why You Should Retain Reliance Steel (RS) in Your Portfolio

Reliance Steel (RS) gains on strong demand in its major markets and strategic acquisitions amid challenges from cost inflation.

3 weeks ago - Zacks Investment Research

The New “Biden Buyback Tax” Will Send This Dividend Stock Soaring

There's a group of dividend stocks out there that are set to skyrocket as the new “Biden buyback tax” rolls in.

1 month ago - Forbes

Reliance Steel (RS) Gains on Demand Strength, Acquisitions

Reliance Steel (RS) benefits from strong underlying demand in its major markets, the strength in metals pricing and strategic acquisitions.

1 month ago - Zacks Investment Research

Reliance Steel Nears Buy Point As Superb Profit Growth Continues

Reliance Steel's ratings and strong record of earnings growth and dividend payments make it an attractive stock. The post Reliance Steel Nears Buy Point As Superb Profit Growth Continues appeared first ...

1 month ago - Investors Business Daily

Reliance Steel (RS) Tops Earnings and Sales Estimates in Q2

Reliance Steel (RS) gains on higher pricing and strong demand in many of the company's end markets in Q2.

2 months ago - Zacks Investment Research

Reliance Steel (RS) Q2 Earnings and Revenues Beat Estimates

Reliance Steel (RS) delivered earnings and revenue surprises of 0.99% and 2.14%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

2 months ago - Zacks Investment Research

Reliance Steel & Aluminum Co. Reports Second Quarter 2022 Financial Results

- Record quarterly sales of $4.68 billion - Record quarterly gross profit of $1.50 billion driven by strong gross profit margin of 31.9% - Record quarterly pretax income of $762.6 million and margin of ...

2 months ago - GlobeNewsWire

Why Reliance Steel (RS) Could Beat Earnings Estimates Again

Reliance Steel (RS) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

2 months ago - Zacks Investment Research

Here's Why You Should Hold Onto Reliance Steel (RS) Stock for Now

Reliance Steel (RS) gains on strong underlying demand in its major markets, strength in metals pricing and strategic acquisitions.

2 months ago - Zacks Investment Research

Reliance Steel & Aluminum Co. to Announce Second Quarter 2022 Results on Thursday, July 28th

LOS ANGELES, July 14, 2022 (GLOBE NEWSWIRE) -- Reliance Steel & Aluminum Co. (NYSE:RS) announced today that it will report second quarter 2022 financial results for the period ended June 30, 2022, on Th...

2 months ago - GlobeNewsWire

3 Cheap Buy-Ranked Stocks That Also Pay a Dividend

CMC, RS and GEF have been losing value over the past month, creating the opportunity to load up on some shares.

Other symbols: CMCGEF
3 months ago - Zacks Investment Research

Reliance Steel (RS) Gains on Strong Demand, Acquisitions

Reliance Steel (RS) is benefiting from healthy demand, higher prices and acquisitions.

3 months ago - Zacks Investment Research

Why Reliance Steel (RS) is a Top Growth Stock for the Long-Term

Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.

3 months ago - Zacks Investment Research

Major Indexes Enter Bear Market: 5 Low-Beta Stock Picks

We have narrowed our search to five large-cap low-beta stocks with a solid dividend yield. These are: VST, PKG, RS, CHRW and DELL.

Other symbols: CHRWDELLPKGVST
3 months ago - Zacks Investment Research

Reliance Steel's (RS) Shares Up 28% in 6 Months: Here's Why

Reliance Steel (RS) benefits from strong demand across key end-use markets, a diversified product base and strategic acquisitions.

4 months ago - Zacks Investment Research

Here's Why Reliance Steel (RS) Looks Ripe for Bottom Fishing

Reliance Steel (RS) appears to have found support after losing some value lately, as indicated by the formation of a hammer chart. In addition to this technical chart pattern, strong agreement among Wal...

4 months ago - Zacks Investment Research

Reliance Steel & Aluminum Co. Announces Executive Officer Retirement and Promotions

— Michael P. Shanley retiring as Senior Vice President, Operations

4 months ago - GlobeNewsWire

Reliance Steel (RS) is a Top-Ranked Growth Stock: Should You Buy?

Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.

4 months ago - Zacks Investment Research

Reliance Steel (RS) is a Great Momentum Stock: Should You Buy?

Does Reliance Steel (RS) have what it takes to be a top stock pick for momentum investors? Let's find out.

4 months ago - Zacks Investment Research

Reliance Steel & Aluminum Co. Announces Participation at the Goldman Sachs Industrials and Materials Conference

LOS ANGELES, May 04, 2022 (GLOBE NEWSWIRE) -- Reliance Steel & Aluminum Co. (NYSE: RS) announced today that James Hoffman, Chief Executive Officer, Karla Lewis, President, and Arthur Ajemyan, Senior Vic...

5 months ago - GlobeNewsWire

5 Top Stocks to Make the Most of Relative Price Strength

ConocoPhillips (COP), Southwest Airlines (LUV), Reliance Steel & Aluminum (RS), Avnet (AVT) and Huntsman (HUN) are five stocks with explosive relative price strength.

Other symbols: AVTCOPHUNLUV
5 months ago - Zacks Investment Research