Reliance (NYSE:RS) Issues Quarterly Earnings Results

Reliance (NYSE:RS) issued its quarterly earnings data on Wednesday. The industrial products company reported $8.02 EPS for the quarter, topping analysts’ consensus estimates of $6.83 by $1.19, FiscalAI reports. Reliance had a return on equity of 12.51% and a net margin of 5.65%. The company had revenue of $5.21 billion for the quarter, compared to analysts’ expectations of $4.74 billion.

Reliance Stock Up 0.5%

Shares of Reliance stock traded up $1.99 during trading hours on Wednesday, hitting $419.26. 477,148 shares of the company’s stock traded hands, compared to its average volume of 341,369. The stock has a 50 day simple moving average of $398.07 and a 200-day simple moving average of $383.80. The company has a quick ratio of 2.27, a current ratio of 4.30 and a debt-to-equity ratio of 0.22. The company has a market cap of $21.41 billion, a PE ratio of 24.38, a PEG ratio of 0.95 and a beta of 0.95. Reliance has a twelve month low of $260.31 and a twelve month high of $433.02.

Insider Transactions at Reliance

In related news, CFO Arthur Ajemyan sold 2,200 shares of the business’s stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $410.11, for a total value of $902,242.00. Following the transaction, the chief financial officer owned 14,640 shares in the company, valued at approximately $6,004,010.40. The trade was a 13.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP William Smith, II sold 2,353 shares of the stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $414.21, for a total value of $974,636.13. Following the completion of the transaction, the senior vice president directly owned 19,394 shares of the company’s stock, valued at $8,033,188.74. This represents a 10.82% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.40% of the stock is currently owned by insiders.

Key Stories Impacting Reliance

Here are the key news stories impacting Reliance this week:

• Positive Sentiment: Record sales and earnings beat estimates: Reliance reported quarterly revenue of $5.21 billion, up 42.8% year over year and above the $4.74 billion consensus estimate. Reported diluted EPS was $7.84, while the company’s earnings release cited EPS of approximately $8.02, exceeding the $6.83 analyst estimate. Reliance Third Quarter 2026 Financial Results
• Positive Sentiment: Operating momentum strengthened: Tons sold increased 15.6% from a year earlier and 4.3% sequentially. Pretax income more than doubled year over year to $531.9 million, while net income attributable to Reliance reached $402.9 million. Reliance Reports Record Third-Quarter Sales and EPS
• Positive Sentiment: More capital returned to shareholders: Reliance distributed approximately $109 million through dividends and share repurchases, and its board increased the share-repurchase authorization to $2.5 billion. This could support per-share earnings and investor sentiment. Reliance Capital Returns
• Neutral Sentiment: Mixed institutional positioning: Recent filings showed some large investors, including JPMorgan, adding shares, while others reduced their holdings. These moves provide limited near-term direction.
• Negative Sentiment: Insider selling is a cautionary signal: Company insiders reported six open-market sales and no purchases over the past six months. While these transactions may reflect personal financial planning, the absence of insider buying could temper enthusiasm.

Analyst Upgrades and Downgrades

RS has been the topic of several analyst reports. Wells Fargo & Company dropped their target price on Reliance from $398.00 to $391.00 and set an “equal weight” rating on the stock in a report on Monday, August 24th. Wall Street Zen cut Reliance from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 11th. JPMorgan Chase & Co. increased their price objective on shares of Reliance from $390.00 to $400.00 and gave the company a “neutral” rating in a research report on Friday, October 9th. Citigroup reaffirmed a “neutral” rating on shares of Reliance in a research report on Wednesday, July 29th. Finally, Weiss Ratings upgraded shares of Reliance from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Reliance currently has an average rating of “Hold” and an average price target of $387.43.

Reliance Company Profile

Reliance, Inc (NYSE: RS) is a diversified metals service center company that supplies processed metal products and related services to industrial manufacturers, fabricators, and other commercial customers. Its product offerings include carbon steel, stainless steel, aluminum, copper, brass, and other specialty metals.

The company provides value-added processing services such as cutting, slitting, leveling, blanking, machining, forming, and precision sawing. These services allow customers to purchase metals in customized sizes and specifications, helping reduce their need for in-house processing and inventory management.

Founded in 1939, Reliance serves a broad range of industries, including nonresidential construction, transportation, aerospace and defense, energy, electronics, machinery, and general manufacturing.