FY2026 EPS Estimates for Reliance Lowered by Zacks Research

Reliance, Inc. (NYSE:RS) – Zacks Research cut their FY2026 earnings estimates for Reliance in a research report issued on Monday, March 2nd. Zacks Research analyst Team now anticipates that the industrial products company will post earnings of $16.97 per share for the year, down from their previous forecast of $18.43. Zacks Research has a “Hold” rating on the stock. The consensus estimate for Reliance’s current full-year earnings is $16.98 per share. Zacks Research also issued estimates for Reliance’s Q4 2026 earnings at $3.59 EPS, Q1 2027 earnings at $4.68 EPS, Q2 2027 earnings at $5.06 EPS and FY2027 earnings at $17.88 EPS.

Reliance (NYSE:RS) last issued its earnings results on Wednesday, February 18th. The industrial products company reported $2.40 EPS for the quarter, missing analysts’ consensus estimates of $2.80 by ($0.40). The business had revenue of $3.50 billion during the quarter, compared to analysts’ expectations of $3.45 billion. Reliance had a net margin of 5.17% and a return on equity of 10.45%. The business’s revenue was up 11.9% on a year-over-year basis. During the same period in the prior year, the business posted $2.22 EPS. Reliance has set its Q1 2026 guidance at 4.500-4.70 EPS.

RS has been the subject of several other research reports. BMO Capital Markets downgraded Reliance from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $340.00 to $320.00 in a research report on Friday, February 20th. KeyCorp restated an “overweight” rating on shares of Reliance in a report on Wednesday, January 7th. JPMorgan Chase & Co. lowered shares of Reliance from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $340.00 to $330.00 in a research note on Friday, February 20th. Wells Fargo & Company upped their target price on shares of Reliance from $315.00 to $323.00 and gave the company an “equal weight” rating in a research note on Monday. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Reliance in a report on Monday, December 29th. One analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, Reliance has a consensus rating of “Hold” and a consensus price target of $324.33.

Reliance Stock Down 2.7%

Shares of NYSE RS opened at $314.00 on Wednesday. The stock has a fifty day moving average price of $321.16 and a 200 day moving average price of $296.65. The company has a current ratio of 4.88, a quick ratio of 2.30 and a debt-to-equity ratio of 0.20. Reliance has a 12-month low of $250.07 and a 12-month high of $365.59. The company has a market cap of $16.24 billion, a P/E ratio of 22.48, a P/E/G ratio of 1.95 and a beta of 0.91.

Institutional Investors Weigh In On Reliance

Several hedge funds and other institutional investors have recently modified their holdings of RS. Foundations Investment Advisors LLC acquired a new position in Reliance in the third quarter worth $1,576,000. Principal Financial Group Inc. lifted its position in shares of Reliance by 4.2% in the 3rd quarter. Principal Financial Group Inc. now owns 755,756 shares of the industrial products company’s stock worth $212,243,000 after buying an additional 30,765 shares during the last quarter. First National Advisers LLC acquired a new position in shares of Reliance in the 3rd quarter valued at about $1,948,000. Canada Post Corp Registered Pension Plan bought a new stake in shares of Reliance during the 3rd quarter valued at about $873,000. Finally, Y Intercept Hong Kong Ltd raised its stake in Reliance by 293.0% during the third quarter. Y Intercept Hong Kong Ltd now owns 34,946 shares of the industrial products company’s stock worth $9,814,000 after acquiring an additional 26,055 shares during the period. Institutional investors own 79.26% of the company’s stock.

Insider Activity

In related news, COO Stephen Paul Koch sold 24,060 shares of the company’s stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $321.62, for a total value of $7,738,177.20. Following the sale, the chief operating officer directly owned 14,021 shares of the company’s stock, valued at $4,509,434.02. This represents a 63.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.35% of the company’s stock.

Reliance Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Friday, March 6th will be given a dividend of $1.25 per share. The ex-dividend date of this dividend is Friday, March 6th. This is an increase from Reliance’s previous quarterly dividend of $1.20. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.6%. Reliance’s dividend payout ratio is 34.36%.

Key Stories Impacting Reliance

Here are the key news stories impacting Reliance this week:

• Positive Sentiment: Wells Fargo raised its price target from $315 to $323 and kept an “equal weight” rating — a modest vote of confidence that implies upside vs. the current market level. Wells Fargo price target raise
• Neutral Sentiment: AmericanBankingNews published a positive-leaning forecast mentioning Wells Fargo’s outlook, which may provide some near-term support but doesn’t change fundamentals. Wells Fargo forecast article
• Negative Sentiment: Zacks Research cut several near-term EPS estimates — notably Q1 2026 (to $4.61 from $4.74) and Q2 2026 (to $4.66 from $4.97) and trimmed some 2027 quarter forecasts — while keeping a “Hold” rating. These downgrades increase short-term earnings uncertainty and likely pressured the stock. Zacks Research note
• Negative Sentiment: Reliance’s most recent quarter showed an EPS miss (reported $2.40 vs. $2.80 expected) despite revenue growth; management set Q1 guidance of $4.50–4.70, but lingering misses amplify sensitivity to analyst revisions and could weigh on the stock. Quarterly results summary

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.