Zacks Research Comments on Reliance’s Q1 Earnings (NYSE:RS)

Reliance, Inc. (NYSE:RS) – Equities research analysts at Zacks Research upped their Q1 2027 EPS estimates for shares of Reliance in a note issued to investors on Wednesday, August 5th. Zacks Research analyst Team now forecasts that the industrial products company will earn $5.09 per share for the quarter, up from their previous estimate of $4.97. Zacks Research has a “Strong-Buy” rating on the stock. The consensus estimate for Reliance’s current full-year earnings is $21.33 per share. Zacks Research also issued estimates for Reliance’s Q2 2027 earnings at $5.48 EPS.

Reliance (NYSE:RS) last posted its earnings results on Wednesday, July 22nd. The industrial products company reported $6.27 EPS for the quarter, topping the consensus estimate of $5.47 by $0.80. The firm had revenue of $4.63 billion during the quarter, compared to analysts’ expectations of $4.26 billion. Reliance had a net margin of 5.65% and a return on equity of 12.51%. The company’s quarterly revenue was up 26.5% compared to the same quarter last year. During the same period last year, the company posted $4.43 EPS. Reliance has set its Q3 2026 guidance at 6.400-6.600 EPS.

RS has been the subject of several other reports. Wells Fargo & Company raised their price objective on shares of Reliance from $372.00 to $398.00 and gave the stock an “equal weight” rating in a report on Thursday, July 23rd. KeyCorp upped their target price on Reliance from $378.00 to $418.00 and gave the stock an “overweight” rating in a report on Wednesday, June 24th. Citigroup reissued a “neutral” rating on shares of Reliance in a research report on Wednesday, July 29th. JPMorgan Chase & Co. lowered their target price on Reliance from $378.00 to $376.00 and set a “neutral” rating for the company in a research note on Wednesday, July 15th. Finally, Seaport Research Partners lifted their price target on Reliance from $340.00 to $390.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Reliance has a consensus rating of “Hold” and a consensus target price of $378.67.

Reliance Price Performance

Shares of NYSE RS opened at $421.14 on Thursday. Reliance has a 1 year low of $260.31 and a 1 year high of $424.77. The stock has a market capitalization of $21.50 billion, a P/E ratio of 24.48, a P/E/G ratio of 1.11 and a beta of 0.96. The company’s 50-day moving average is $393.82 and its 200 day moving average is $353.42. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.30 and a quick ratio of 2.27.

Reliance Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be paid a dividend of $1.25 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $5.00 annualized dividend and a yield of 1.2%. Reliance’s payout ratio is presently 29.07%.

Insider Transactions at Reliance

In other news, CFO Arthur Ajemyan sold 2,200 shares of Reliance stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $410.11, for a total transaction of $902,242.00. Following the completion of the transaction, the chief financial officer directly owned 14,640 shares in the company, valued at approximately $6,004,010.40. This trade represents a 13.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP William A. Smith II sold 2,353 shares of the business’s stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $414.21, for a total value of $974,636.13. Following the completion of the sale, the senior vice president directly owned 19,394 shares in the company, valued at approximately $8,033,188.74. This represents a 10.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. ProCore Advisors LLC bought a new stake in shares of Reliance during the fourth quarter valued at approximately $18,787,000. Arjuna Capital purchased a new position in Reliance in the 4th quarter worth approximately $1,838,000. PFA Pension Forsikringsaktieselskab purchased a new stake in Reliance during the 4th quarter valued at $61,317,000. Forsta AP Fonden purchased a new stake in Reliance during the 4th quarter valued at $2,022,000. Finally, Fulcrum Wealth Advisors LLC bought a new stake in shares of Reliance in the 4th quarter worth $2,529,000. Institutional investors own 79.26% of the company’s stock.

More Reliance News

Here are the key news stories impacting Reliance this week:

• Positive Sentiment: Zacks upgraded Reliance to “Strong Buy” from “Hold,” adding momentum to the recent rally and signaling confidence in the company’s earnings outlook. Zacks.com
• Positive Sentiment: Rising earnings estimates are supporting the stock. Zacks said recent estimate revisions indicate Reliance’s shares could continue moving higher in the near term. Earnings Estimates Moving Higher for Reliance
• Positive Sentiment: Reliance was added to Zacks’ Rank #1 “Strong Buy” lists, including its income-stock list, reinforcing the bullish analyst-driven narrative. New Strong Buy Stocks for August 4th
• Positive Sentiment: The company’s latest quarter exceeded expectations, with adjusted EPS of $6.27 versus a $5.47 consensus estimate and revenue of $4.63 billion versus $4.26 billion expected. Revenue increased 26.5% year over year, while third-quarter EPS guidance of $6.40–$6.60 remains constructive.
• Neutral Sentiment: Reliance announced a quarterly dividend of $1.25 per share, equivalent to a $5.00 annual payout and an approximately 1.2% yield. The dividend supports income appeal but is unlikely to be a major short-term catalyst.
• Negative Sentiment: CFO Arthur Ajemyan sold 2,200 shares for approximately $902,242, reducing his holdings by 13.06%. The sale is a modest negative insider signal, although he continues to own 14,640 shares. Reliance CFO Insider Sale
• Negative Sentiment: Valuation and analyst caution could limit further gains: Reliance trades above the reported average analyst target of $378.67, while the consensus rating remains “Hold,” including one “Sell” rating.

About Reliance

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.