Reliance (NYSE:RS – Get Free Report) issued an update on its fourth quarter 2024 earnings guidance on Thursday morning. The company provided earnings per share guidance of 2.650-2.850 for the period, compared to the consensus earnings per share estimate of 3.400. The company issued revenue guidance of -.
Reliance Stock Performance
Shares of RS stock opened at $282.63 on Thursday. The business’s fifty day simple moving average is $283.40 and its 200-day simple moving average is $291.54. The company has a market cap of $15.55 billion, a PE ratio of 14.43 and a beta of 0.85. The company has a current ratio of 5.02, a quick ratio of 2.43 and a debt-to-equity ratio of 0.15. Reliance has a 12-month low of $237.14 and a 12-month high of $342.20.
Reliance (NYSE:RS – Get Free Report) last issued its quarterly earnings results on Thursday, July 25th. The industrial products company reported $4.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.73 by ($0.08). The business had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.64 billion. Reliance had a return on equity of 14.73% and a net margin of 7.99%. The business’s revenue for the quarter was down 6.1% on a year-over-year basis. During the same period in the previous year, the company posted $6.49 earnings per share. Analysts expect that Reliance will post 17.16 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Check Out Our Latest Stock Analysis on RS
Reliance Company Profile
Reliance, Inc operates as a diversified metal solutions provider and the metals service center company in the United States, Canada, and internationally. The company distributes a line of approximately 100,000 metal products, including alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium, and specialty steel products; and provides metals processing services to general manufacturing, non-residential construction, transportation, aerospace, energy, electronics and semiconductor fabrication, and heavy industries.
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