Reliance FY2026 Earnings Forecast Lifted by Zacks Research

Reliance, Inc. (NYSE:RS) – Equities researchers at Zacks Research lifted their FY2026 EPS estimates for Reliance in a research report issued on Wednesday, November 4th. Zacks Research analyst Team now forecasts that the industrial products company will post earnings of $26.86 per share for the year, up from their prior forecast of $22.57. Zacks Research has a “Strong-Buy” rating on the stock. The consensus estimate for Reliance’s current full-year earnings is $25.68 per share. Zacks Research also issued estimates for Reliance’s Q4 2026 earnings at $7.41 EPS, Q1 2027 earnings at $6.37 EPS, Q4 2027 earnings at $5.76 EPS and FY2027 earnings at $24.29 EPS.

A number of other research firms also recently issued reports on RS. Citigroup restated a “neutral” rating on shares of Reliance in a research note on Wednesday, July 29th. BMO Capital Markets boosted their price objective on Reliance from $390.00 to $415.00 and gave the company a “market perform” rating in a research note on Monday, July 27th. JPMorgan Chase & Co. raised their price objective on shares of Reliance from $400.00 to $420.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 28th. KeyCorp lifted their price objective on shares of Reliance from $421.00 to $437.00 and gave the company an “overweight” rating in a research note on Monday, October 26th. Finally, Wells Fargo & Company upped their target price on shares of Reliance from $391.00 to $420.00 and gave the company an “equal weight” rating in a report on Thursday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Reliance has an average rating of “Hold” and a consensus target price of $400.29.

Reliance Stock Down 6.5%

Reliance stock opened at $413.42 on Friday. Reliance has a fifty-two week low of $263.12 and a fifty-two week high of $454.93. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.22 and a current ratio of 4.12. The company has a market capitalization of $21.06 billion, a P/E ratio of 19.27, a PEG ratio of 0.91 and a beta of 0.95. The stock has a 50-day simple moving average of $404.39 and a 200-day simple moving average of $370.58.

Reliance (NYSE:RS) last issued its quarterly earnings data on Wednesday, October 21st. The industrial products company reported $8.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.83 by $1.19. The company had revenue of $5.21 billion for the quarter, compared to analyst estimates of $4.74 billion. Reliance had a return on equity of 15.31% and a net margin of 6.38%. The business’s quarterly revenue was up 42.8% compared to the same quarter last year. During the same quarter last year, the company posted $3.64 earnings per share.

Reliance Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 4th. Stockholders of record on Friday, November 20th will be issued a $1.25 dividend. The ex-dividend date of this dividend is Friday, November 20th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.2%. Reliance’s payout ratio is presently 23.31%.

Insider Activity at Reliance

In other news, COO Stephen Koch sold 8,334 shares of the company’s stock in a transaction that occurred on Tuesday, October 27th. The stock was sold at an average price of $430.87, for a total transaction of $3,590,870.58. Following the completion of the sale, the chief operating officer owned 8,209 shares in the company, valued at $3,537,011.83. This represents a 50.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On Reliance

Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in shares of Reliance in the 2nd quarter worth $2,171,081,000. Bank of New York Mellon Corp purchased a new stake in shares of Reliance in the second quarter valued at about $176,913,000. William Blair Investment Management LLC acquired a new position in shares of Reliance during the second quarter worth about $142,900,000. Corient Private Wealth LP acquired a new position in shares of Reliance during the second quarter worth about $129,799,000. Finally, XXEC Inc. purchased a new position in Reliance during the second quarter worth about $127,493,000. 79.26% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Reliance

Here are the key news stories impacting Reliance this week:

• Positive Sentiment: Zacks Research raised several future earnings forecasts, including FY2028 EPS to $19.13 from $18.09, and kept its “Strong-Buy” rating. Estimates also increased for Q2 and Q3 2027 and Q1 and Q3 2028, suggesting improved expectations across much of the forecast period. Reliance analyst coverage
• Positive Sentiment: Recent results provide additional support: Reliance reported quarterly EPS of $8.02, above the $6.83 consensus, while revenue also topped estimates and rose 42.8% year over year.
• Neutral Sentiment: Reports about Reliance Jio’s ₹15 unlimited 5G data pack concern Jio and its parent, Reliance Industries—not the U.S.-listed Reliance, Inc. (RS)—so they are not a direct business catalyst for RS. Jio data-pack article
• Negative Sentiment: Zacks lowered its Q2 2028 EPS estimate to $4.45 from $4.66, a counterpoint to its other upward revisions. Reliance analyst coverage

About Reliance

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.