Reliance (NYSE:RS) Issues Q1 2025 Earnings Guidance

Reliance (NYSE:RS) issued an update on its first quarter 2025 earnings guidance on Wednesday morning. The company provided EPS guidance of 3.300-3.500 for the period, compared to the consensus EPS estimate of 3.610. The company issued revenue guidance of -.

Reliance Price Performance

Shares of RS stock traded up $9.58 on Thursday, reaching $303.20. 230,758 shares of the company were exchanged, compared to its average volume of 405,630. Reliance has a 1 year low of $256.98 and a 1 year high of $342.20. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.58 and a current ratio of 3.31. The business has a 50-day moving average price of $281.72 and a 200 day moving average price of $289.07. The company has a market cap of $16.41 billion, a price-to-earnings ratio of 16.65 and a beta of 0.91.

Reliance (NYSE:RS) last posted its quarterly earnings data on Wednesday, February 19th. The industrial products company reported $2.22 EPS for the quarter, missing the consensus estimate of $2.74 by ($0.52). The firm had revenue of $3.13 billion for the quarter, compared to analysts’ expectations of $3.04 billion. Reliance had a return on equity of 13.68% and a net margin of 7.42%. Equities research analysts forecast that Reliance will post 16.38 earnings per share for the current fiscal year.

Reliance Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be issued a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 1.58%. This is a positive change from Reliance’s previous quarterly dividend of $1.10. Reliance’s dividend payout ratio (DPR) is presently 24.16%.

Analysts Set New Price Targets

RS has been the subject of a number of recent research reports. KeyCorp reduced their target price on shares of Reliance from $325.00 to $321.00 and set an “overweight” rating for the company in a research report on Wednesday, January 22nd. Wolfe Research raised shares of Reliance from an “underperform” rating to a “peer perform” rating in a research note on Wednesday, January 8th. The Goldman Sachs Group assumed coverage on Reliance in a research report on Monday, December 2nd. They issued a “neutral” rating and a $341.00 price target for the company. Finally, BMO Capital Markets lowered their price objective on Reliance from $340.00 to $330.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $328.17.

Insider Transactions at Reliance

In other news, CEO Karla R. Lewis sold 3,892 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $323.90, for a total value of $1,260,618.80. Following the sale, the chief executive officer now directly owns 85,117 shares of the company’s stock, valued at approximately $27,569,396.30. The trade was a 4.37 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.69% of the company’s stock.

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.