Reliance Steel & Aluminum Co. (NYSE:RS) – Equities research analysts at KeyCorp issued their Q3 2017 earnings estimates for shares of Reliance Steel & Aluminum Co. in a report issued on Wednesday. KeyCorp analyst P. Gibbs anticipates that the industrial products company will post earnings per share of $1.13 for the quarter. KeyCorp currently has a “Overweight” rating and a $81.00 price target on the stock. KeyCorp also issued estimates for Reliance Steel & Aluminum Co.’s FY2018 earnings at $5.40 EPS.

Reliance Steel & Aluminum Co. (NYSE:RS) last released its quarterly earnings data on Thursday, July 27th. The industrial products company reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.02. The firm had revenue of $2.48 billion for the quarter. Reliance Steel & Aluminum Co. had a net margin of 3.57% and a return on equity of 8.67%. The firm’s quarterly revenue was up 12.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.36 EPS.

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A number of other equities analysts have also issued reports on RS. Jefferies Group LLC reiterated a “hold” rating and issued a $77.00 target price (down previously from $80.00) on shares of Reliance Steel & Aluminum Co. in a research report on Friday, April 28th. Barclays PLC reiterated a “hold” rating and issued a $59.00 target price on shares of Reliance Steel & Aluminum Co. in a research report on Monday, May 1st. Bank of America Corporation upgraded shares of Reliance Steel & Aluminum Co. from a “neutral” rating to a “buy” rating and set a $88.00 target price for the company in a research report on Tuesday, May 23rd. They noted that the move was a valuation call. BidaskClub upgraded shares of Reliance Steel & Aluminum Co. from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 13th. Finally, Deutsche Bank AG reiterated a “buy” rating on shares of Reliance Steel & Aluminum Co. in a research report on Saturday, June 24th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $82.86.

Shares of Reliance Steel & Aluminum Co. (NYSE RS) opened at 69.31 on Friday. The stock has a market cap of $5.05 billion, a P/E ratio of 15.63 and a beta of 1.23. Reliance Steel & Aluminum Co. has a 12-month low of $65.10 and a 12-month high of $88.58. The company’s 50-day moving average is $72.83 and its 200-day moving average is $76.70.

Several institutional investors have recently bought and sold shares of RS. Capstone Asset Management Co. raised its position in Reliance Steel & Aluminum Co. by 3.6% in the first quarter. Capstone Asset Management Co. now owns 8,086 shares of the industrial products company’s stock valued at $647,000 after buying an additional 280 shares during the period. Louisiana State Employees Retirement System raised its position in Reliance Steel & Aluminum Co. by 2.8% in the first quarter. Louisiana State Employees Retirement System now owns 18,400 shares of the industrial products company’s stock valued at $1,472,000 after buying an additional 500 shares during the period. Smith Graham & Co. Investment Advisors LP raised its position in Reliance Steel & Aluminum Co. by 20.8% in the first quarter. Smith Graham & Co. Investment Advisors LP now owns 52,890 shares of the industrial products company’s stock valued at $4,232,000 after buying an additional 9,090 shares during the period. Dalton Greiner Hartman Maher & Co. raised its position in Reliance Steel & Aluminum Co. by 4.2% in the first quarter. Dalton Greiner Hartman Maher & Co. now owns 3,938 shares of the industrial products company’s stock valued at $315,000 after buying an additional 157 shares during the period. Finally, Nationwide Fund Advisors raised its position in Reliance Steel & Aluminum Co. by 3.0% in the first quarter. Nationwide Fund Advisors now owns 285,502 shares of the industrial products company’s stock valued at $22,846,000 after buying an additional 8,375 shares during the period. Institutional investors own 83.74% of the company’s stock.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Friday, August 18th will be given a dividend of $0.45 per share. The ex-dividend date is Wednesday, August 16th. This represents a $1.80 annualized dividend and a dividend yield of 2.60%. Reliance Steel & Aluminum Co.’s dividend payout ratio (DPR) is 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).

Earnings History and Estimates for Reliance Steel & Aluminum Co. (NYSE:RS)

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