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Reliance Steel & Aluminum Company (RS)
NYSE:RS
Holding RS?
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RS Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$237.14 - $342.20
Previous Close$279.29
Volume265.21K
Average Volume (3M)392.82K
Market Cap
$15.37B
Enterprise Value$16.38B
Total Cash (Recent Filing)$385.20M
Total Debt (Recent Filing)$1.39B
Price to Earnings (P/E)14.3
Beta0.67
Next Earnings
Oct 24, 2024EPS Estimate
$3.72Last Dividend Ex-Date
Aug 16, 2024Dividend Yield1.55%
Share Statistics
EPS (TTM)19.58
Shares Outstanding55,015,528
10 Day Avg. Volume352,850
30 Day Avg. Volume392,824
Standard Deviation0.08
R-Squared0.29
Alpha0.01
Financial Highlights & Ratios
Price to Book (P/B)2.02
Price to Sales (P/S)1.08
Price to Cash Flow (P/CF)10.40
P/FCF Ratio14.30
Enterprise Value/Market CapN/A
Enterprise Value/Revenue1.15
Enterprise Value/Gross Profit3.60
Enterprise Value/Ebitda12.10
Forecast
1Y Price Target
$316.40Price Target Upside12.75% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering6
Reliance Steel News
PremiumPre-Earnings
Is RS a Buy, Before Earnings?Bulls Say, Bears Say
Bulls Say
Financial PerformanceReliance's healthy balance sheet and resilient cash flows will support continued investments in growth and shareholder returns through the cycle.
Growth StrategyReliance announced or completed four acquisitions, adding approximately $500 million in sales, with a robust pipeline indicating continued growth.
Market PositionReliance is a best-in-class metals service center and processor expected to continue delivering solid performance through various market conditions.
Bears Say
Analyst DowngradeRS downgrade to Underperform after shares rose nearly 5% despite Q2's miss and lower Q3 guidance.
Market DemandEvidence of weaker end market demand, particularly in higher-margin aerospace and auto markets, supports a more cautious view.
Valuation ConcernsValuation also looks rich into a construction slowdown, trading well above historical averages.
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Ownership Overview
6.35% Insiders
26.28% Mutual Funds
43.92% Other Institutional Investors
23.45% Public Companies and
Individual Investors
Risk Analysis
Main Risk Category
ProductionRisks related to the company’s ability to manufacture goods and services
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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RS FAQ
What was Reliance Steel & Aluminum Company’s price range in the past 12 months?
Reliance Steel & Aluminum Company lowest stock price was $237.14 and its highest was $342.20 in the past 12 months.
What is Reliance Steel & Aluminum Company’s market cap?
Currently, no data Available
When is Reliance Steel & Aluminum Company’s upcoming earnings report date?
Reliance Steel & Aluminum Company’s upcoming earnings report date is Oct 24, 2024 which is in 36 days.
How were Reliance Steel & Aluminum Company’s earnings last quarter?
Reliance Steel & Aluminum Company released its earnings results on Jul 25, 2024. The company reported $4.65 earnings per share for the quarter, missing the consensus estimate of $4.734 by -$0.084.
Is Reliance Steel & Aluminum Company overvalued?
According to Wall Street analysts Reliance Steel & Aluminum Company’s price is currently Undervalued.
Does Reliance Steel & Aluminum Company pay dividends?
Reliance Steel & Aluminum Company pays a Quarterly dividend of $1.1 which represents an annual dividend yield of 1.55%. See more information on Reliance Steel & Aluminum Company dividends here
What is Reliance Steel & Aluminum Company’s EPS estimate?
Reliance Steel & Aluminum Company’s EPS estimate is $3.72.
How many shares outstanding does Reliance Steel & Aluminum Company have?
Reliance Steel & Aluminum Company has 55,015,530 shares outstanding.
What happened to Reliance Steel & Aluminum Company’s price movement after its last earnings report?
Reliance Steel & Aluminum Company reported an EPS of $4.65 in its last earnings report, missing expectations of $4.734. Following the earnings report the stock price went up 4.876%.
Which hedge fund is a major shareholder of Reliance Steel & Aluminum Company?
Among the largest hedge funds holding Reliance Steel & Aluminum Company’s share is Yacktman Asset Management LP. It holds Reliance Steel & Aluminum Company’s shares valued at 283M.
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Reliance Steel Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$316.40 (12.75% Upside)
$316.40 (12.75% Upside)
Blogger Sentiment
Bullish
RS Sentiment 80%
Sector Average 70%
Sector Average 70%
Hedge Fund Trend
Increased
By 2.4K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 2.8%
Last 30 Days ▼ 3.3%
Last 30 Days ▼ 3.3%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
8.57%
12-Months-Change
Fundamentals
Return on Equity
14.94%
Trailing 12-Months
Asset Growth
0.07%
Trailing 12-Months
Company Description
Reliance Steel & Aluminum Company
Reliance Steel & Aluminum Co. engages in the provision of metals processing services and distribution of metal products. It offers alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium, and specialty steel products. The company was founded by Thomas J. Neilan on February 3, 1939 and is headquartered in Los Angeles, CA.
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RS Earnings Call
Q2 2024
0:00 / 0:00
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RS Stock 12 Month Forecast
Average Price Target
$316.40
▲(12.75% Upside)
Technical Analysis
Best Analysts Covering RS
1 Year
1 Year Success Rate
12/16 ratings generated profit
1 Year Average Return
+10.88%
downgraded a sell rating 2 months ago
Copying Timna Tanners's trades and holding each position for 1 Year would result in 75.00% of your transactions generating a profit, with an average return of +10.88% per trade.
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