FY2026 Earnings Estimate for Reliance Issued By KeyCorp

Reliance, Inc. (NYSE:RS) – KeyCorp issued their FY2026 earnings per share (EPS) estimates for shares of Reliance in a report released on Tuesday, June 23rd. KeyCorp analyst S. Mckinney anticipates that the industrial products company will post earnings of $19.75 per share for the year. KeyCorp has a “Overweight” rating and a $418.00 price target on the stock. The consensus estimate for Reliance’s current full-year earnings is $19.14 per share.

RS has been the subject of a number of other research reports. JPMorgan Chase & Co. boosted their price target on Reliance from $345.00 to $378.00 and gave the company a “neutral” rating in a report on Wednesday, June 10th. Weiss Ratings upgraded shares of Reliance from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, May 18th. BMO Capital Markets upped their price target on shares of Reliance from $320.00 to $350.00 and gave the stock a “market perform” rating in a research report on Monday, April 27th. Seaport Research Partners lifted their price target on Reliance from $340.00 to $390.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. Finally, The Goldman Sachs Group began coverage on shares of Reliance in a research note on Wednesday, April 1st. They set a “neutral” rating and a $300.00 price objective for the company. Two analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $364.50.

Reliance Trading Up 1.9%

NYSE RS opened at $404.33 on Friday. The stock has a market cap of $20.64 billion, a PE ratio of 26.38, a PEG ratio of 1.23 and a beta of 0.95. Reliance has a 12 month low of $260.31 and a 12 month high of $419.83. The company’s 50-day moving average price is $374.61 and its 200-day moving average price is $334.07. The company has a current ratio of 4.39, a quick ratio of 2.24 and a debt-to-equity ratio of 0.24.

Reliance (NYSE:RS) last announced its quarterly earnings data on Wednesday, April 22nd. The industrial products company reported $5.16 EPS for the quarter, beating the consensus estimate of $4.63 by $0.53. Reliance had a return on equity of 11.37% and a net margin of 5.42%.The company had revenue of $4.03 billion for the quarter, compared to the consensus estimate of $3.89 billion. During the same quarter in the prior year, the company posted $3.77 EPS. Reliance’s quarterly revenue was up 15.1% on a year-over-year basis. Reliance has set its Q2 2026 guidance at 5.150-5.350 EPS.

Reliance Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 22nd were issued a $1.25 dividend. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $5.00 dividend on an annualized basis and a yield of 1.2%. Reliance’s payout ratio is presently 32.62%.

Insiders Place Their Bets

In other news, CFO Arthur Ajemyan sold 3,500 shares of the stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $358.12, for a total transaction of $1,253,420.00. Following the sale, the chief financial officer directly owned 16,840 shares of the company’s stock, valued at $6,030,740.80. This represents a 17.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.40% of the company’s stock.

Hedge Funds Weigh In On Reliance

A number of hedge funds have recently bought and sold shares of RS. CWA Asset Management Group LLC acquired a new position in shares of Reliance in the 4th quarter valued at $10,297,000. Assenagon Asset Management S.A. raised its holdings in Reliance by 24.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 24,284 shares of the industrial products company’s stock valued at $7,015,000 after buying an additional 4,817 shares during the period. JPMorgan Chase & Co. raised its holdings in Reliance by 49.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 342,796 shares of the industrial products company’s stock valued at $96,268,000 after buying an additional 113,378 shares during the period. ProCore Advisors LLC acquired a new position in Reliance in the fourth quarter valued at about $18,787,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Reliance in the third quarter valued at about $1,298,000. Hedge funds and other institutional investors own 79.26% of the company’s stock.

Reliance Company Profile

Reliance Steel & Aluminum Co (NYSE: RS) is a leading metals service center company that distributes and processes a broad array of metal products. The company offers cut-to-length, shearing, blanking, sawing, bending, machining and value-added services for carbon and alloy steel, stainless steel, aluminum, brass, titanium and specialty metal alloys. Its products serve diverse end markets, including energy, infrastructure, general manufacturing, transportation, aerospace and defense.

Founded in 1939 in Los Angeles, Reliance Steel & Aluminum has grown through a combination of organic expansion and strategic acquisitions.