Reliance (RS) to Post Earnings on Wednesday

Reliance (NYSE:RS) is expected to be issuing its Q2 2026 results after the market closes on Wednesday, July 22nd. Analysts expect Reliance to announce earnings of $5.44 per share and revenue of $4.2504 billion for the quarter. Reliance has set its Q2 2026 guidance at 5.150-5.350 EPS. Interested persons may visit the the company’s upcoming Q2 2026 earning summary page for the latest details on the call scheduled for Thursday, July 23, 2026 at 11:00 AM ET.

Reliance (NYSE:RS) last announced its quarterly earnings results on Wednesday, April 22nd. The industrial products company reported $5.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.63 by $0.53. Reliance had a return on equity of 11.37% and a net margin of 5.42%.The company had revenue of $4.03 billion during the quarter, compared to the consensus estimate of $3.89 billion. During the same period in the previous year, the company posted $3.77 earnings per share. Reliance’s revenue for the quarter was up 15.1% on a year-over-year basis. On average, analysts expect Reliance to post $19 EPS for the current fiscal year and $21 EPS for the next fiscal year.

Reliance Price Performance

Shares of NYSE RS opened at $383.49 on Tuesday. The stock has a market capitalization of $19.58 billion, a price-to-earnings ratio of 25.02, a PEG ratio of 1.22 and a beta of 0.97. Reliance has a 12 month low of $260.31 and a 12 month high of $419.83. The firm’s 50 day simple moving average is $384.70 and its 200-day simple moving average is $344.99. The company has a debt-to-equity ratio of 0.24, a current ratio of 4.39 and a quick ratio of 2.24.

Insider Activity at Reliance

In other news, CFO Arthur Ajemyan sold 3,500 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief financial officer directly owned 16,840 shares of the company’s stock, valued at $6,030,740.80. This represents a 17.21% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 0.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On Reliance

A number of institutional investors have recently added to or reduced their stakes in RS. Brown Brothers Harriman & Co. raised its position in Reliance by 86.2% during the fourth quarter. Brown Brothers Harriman & Co. now owns 108 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 50 shares during the period. Greenline Wealth Management LLC acquired a new stake in shares of Reliance in the fourth quarter valued at about $32,000. Quarry LP acquired a new stake in shares of Reliance in the third quarter valued at about $32,000. Parkside Financial Bank & Trust increased its stake in shares of Reliance by 87.3% during the fourth quarter. Parkside Financial Bank & Trust now owns 118 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 55 shares in the last quarter. Finally, Atlas Capital Advisors Inc. purchased a new stake in shares of Reliance during the fourth quarter worth about $40,000. Institutional investors and hedge funds own 79.26% of the company’s stock.

Analyst Upgrades and Downgrades

RS has been the subject of several analyst reports. BMO Capital Markets boosted their target price on shares of Reliance from $320.00 to $350.00 and gave the company a “market perform” rating in a research note on Monday, April 27th. Seaport Research Partners raised their price target on shares of Reliance from $340.00 to $390.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. Bank of America cut shares of Reliance from a “neutral” rating to an “underperform” rating and set a $365.00 price objective for the company. in a report on Thursday, April 30th. The Goldman Sachs Group initiated coverage on shares of Reliance in a research report on Wednesday, April 1st. They issued a “neutral” rating and a $300.00 price objective for the company. Finally, JPMorgan Chase & Co. lowered their target price on shares of Reliance from $378.00 to $376.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 15th. Two research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $363.50.

Reliance Company Profile

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.