FY2027 Earnings Forecast for Reliance Issued By KeyCorp

Reliance, Inc. (NYSE:RS) – Research analysts at KeyCorp issued their FY2027 earnings per share estimates for shares of Reliance in a research report issued on Tuesday, June 23rd. KeyCorp analyst S. Mckinney expects that the industrial products company will earn $21.75 per share for the year. KeyCorp has a “Overweight” rating and a $418.00 price objective on the stock. The consensus estimate for Reliance’s current full-year earnings is $19.14 per share.

Reliance (NYSE:RS) last announced its quarterly earnings data on Wednesday, April 22nd. The industrial products company reported $5.16 EPS for the quarter, beating analysts’ consensus estimates of $4.63 by $0.53. The firm had revenue of $4.03 billion for the quarter, compared to analyst estimates of $3.89 billion. Reliance had a return on equity of 11.37% and a net margin of 5.42%.The business’s quarterly revenue was up 15.1% compared to the same quarter last year. During the same period last year, the company earned $3.77 EPS. Reliance has set its Q2 2026 guidance at 5.150-5.350 EPS.

Several other research firms have also recently issued reports on RS. Weiss Ratings upgraded Reliance from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, May 18th. Seaport Research Partners boosted their price objective on Reliance from $340.00 to $390.00 and gave the stock a “buy” rating in a report on Tuesday, April 28th. Bank of America downgraded shares of Reliance from a “neutral” rating to an “underperform” rating and set a $365.00 target price on the stock. in a research report on Thursday, April 30th. Wall Street Zen raised shares of Reliance from a “hold” rating to a “buy” rating in a research note on Saturday, April 11th. Finally, BMO Capital Markets lifted their price target on shares of Reliance from $320.00 to $350.00 and gave the stock a “market perform” rating in a research report on Monday, April 27th. Two research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $364.50.

Reliance Trading Down 0.4%

RS stock opened at $397.05 on Thursday. The company has a quick ratio of 2.24, a current ratio of 4.39 and a debt-to-equity ratio of 0.24. Reliance has a twelve month low of $260.31 and a twelve month high of $419.83. The company has a market cap of $20.27 billion, a P/E ratio of 25.90, a PEG ratio of 1.24 and a beta of 0.95. The business has a fifty day moving average of $372.99 and a 200-day moving average of $333.24.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Royal Bank of Canada lifted its holdings in shares of Reliance by 6.6% during the 1st quarter. Royal Bank of Canada now owns 15,111 shares of the industrial products company’s stock valued at $4,364,000 after purchasing an additional 940 shares in the last quarter. Empowered Funds LLC increased its stake in Reliance by 4.8% during the 1st quarter. Empowered Funds LLC now owns 5,662 shares of the industrial products company’s stock worth $1,635,000 after purchasing an additional 258 shares in the last quarter. Geneos Wealth Management Inc. increased its stake in Reliance by 99.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 263 shares of the industrial products company’s stock worth $76,000 after purchasing an additional 131 shares in the last quarter. Walleye Capital LLC raised its holdings in Reliance by 2,192.5% during the 2nd quarter. Walleye Capital LLC now owns 1,215 shares of the industrial products company’s stock worth $381,000 after buying an additional 1,162 shares during the period. Finally, Marshall Wace LLP acquired a new stake in Reliance during the 2nd quarter worth approximately $1,318,000. 79.26% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Reliance

In related news, CFO Arthur Ajemyan sold 3,500 shares of the firm’s stock in a transaction on Monday, April 27th. The stock was sold at an average price of $358.12, for a total transaction of $1,253,420.00. Following the sale, the chief financial officer owned 16,840 shares of the company’s stock, valued at approximately $6,030,740.80. This trade represents a 17.21% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.40% of the stock is currently owned by corporate insiders.

Reliance Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 22nd were given a $1.25 dividend. The ex-dividend date was Friday, May 22nd. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.3%. Reliance’s dividend payout ratio is currently 32.62%.

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.