Reliance Steel & Aluminum Co. (NYSE:RS) Earning Somewhat Positive Media Coverage, Study Shows
News articles about Reliance Steel & Aluminum Co. (NYSE:RS) have been trending somewhat positive this week, Accern Sentiment reports. Accern rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Reliance Steel & Aluminum Co. earned a media sentiment score of 0.03 on Accern’s scale. Accern also assigned news articles about the industrial products company an impact score of 70 out of 100, indicating that recent media coverage is likely to have an impact on the stock’s share price in the immediate future.
Several research analysts have commented on RS shares. Jefferies Group LLC reiterated a “hold” rating and set a $77.00 price target (down previously from $80.00) on shares of Reliance Steel & Aluminum Co. in a report on Friday, April 28th. Barclays PLC reiterated a “hold” rating and set a $59.00 price target on shares of Reliance Steel & Aluminum Co. in a report on Monday, May 1st. BidaskClub upgraded shares of Reliance Steel & Aluminum Co. from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 13th. Longbow Research started coverage on shares of Reliance Steel & Aluminum Co. in a report on Wednesday, April 19th. They set a “neutral” rating for the company. Finally, Cowen and Company set a $92.00 target price on shares of Reliance Steel & Aluminum Co. and gave the company an “outperform” rating in a report on Thursday, July 27th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $82.86.
Shares of Reliance Steel & Aluminum Co. (RS) traded up 1.01% during trading on Monday, reaching $73.21. 648,828 shares of the company’s stock were exchanged. The stock has a market capitalization of $5.34 billion, a PE ratio of 16.51 and a beta of 1.23. The company’s 50-day moving average is $73.14 and its 200 day moving average is $77.50. Reliance Steel & Aluminum Co. has a 52 week low of $65.10 and a 52 week high of $88.58.
Reliance Steel & Aluminum Co. (NYSE:RS) last announced its earnings results on Thursday, July 27th. The industrial products company reported $1.40 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.38 by $0.02. Reliance Steel & Aluminum Co. had a return on equity of 8.67% and a net margin of 3.57%. The business had revenue of $2.48 billion for the quarter. During the same period in the prior year, the business posted $1.36 EPS. The firm’s quarterly revenue was up 12.3% compared to the same quarter last year. On average, analysts forecast that Reliance Steel & Aluminum Co. will post $5.17 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Friday, August 18th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date is Wednesday, August 16th. Reliance Steel & Aluminum Co.’s dividend payout ratio is presently 40.54%.
About Reliance Steel & Aluminum Co.
Reliance Steel & Aluminum Co is a metals service center company in North America (the United States and Canada). As of December 31, 2016, the Company’s network of metals service centers operated over 300 locations in 39 states in the United States and in 12 other countries (Australia, Belgium, Canada, China, France, Malaysia, Mexico, Singapore, South Korea, Turkey, the United Arab Emirates and the United Kingdom).
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