Reliance Steel & Aluminum (RS) Earns Daily Media Impact Score of 0.16
Media coverage about Reliance Steel & Aluminum (NYSE:RS) has trended somewhat positive this week, according to Accern Sentiment Analysis. The research group rates the sentiment of media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Reliance Steel & Aluminum earned a coverage optimism score of 0.16 on Accern’s scale. Accern also assigned media coverage about the industrial products company an impact score of 46.544547192881 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the headlines that may have effected Accern’s analysis:
- Reliance Steel (RS) Up 19% in a Year: What’s Working in Favor? (finance.yahoo.com)
- Reliance Steel (RS) Up 19% in a Year: What's Working in Favor? (finance.yahoo.com)
- Zacks: Analysts Expect Reliance Steel & Aluminum Co (RS) Will Post Quarterly Sales of $2.95 Billion (americanbankingnews.com)
- Reliance Steel & Aluminum Co (RS) Expected to Announce Earnings of $2.70 Per Share (americanbankingnews.com)
- Is Reliance Steel (RS) a Great Value Stock Right Now? (finance.yahoo.com)
A number of research analysts recently commented on the company. KeyCorp upped their target price on Reliance Steel & Aluminum from $97.00 to $100.00 and gave the company an “overweight” rating in a research note on Thursday, June 14th. Zacks Investment Research lowered Reliance Steel & Aluminum from a “buy” rating to a “hold” rating in a research note on Monday. JPMorgan Chase & Co. increased their price objective on Reliance Steel & Aluminum from $100.00 to $105.00 and gave the stock a “neutral” rating in a research note on Friday, July 27th. ValuEngine upgraded Reliance Steel & Aluminum from a “hold” rating to a “buy” rating in a research note on Saturday, June 2nd. Finally, Jefferies Financial Group upgraded Reliance Steel & Aluminum from a “hold” rating to a “buy” rating and set a $72.00 price objective for the company in a research note on Tuesday, July 10th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $98.13.
Reliance Steel & Aluminum (NYSE:RS) last released its quarterly earnings data on Thursday, July 26th. The industrial products company reported $3.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.75 by $0.35. Reliance Steel & Aluminum had a return on equity of 12.29% and a net margin of 7.55%. The firm had revenue of $2.99 billion during the quarter. During the same quarter in the prior year, the company earned $1.40 earnings per share. The business’s revenue was up 20.8% compared to the same quarter last year. equities analysts anticipate that Reliance Steel & Aluminum will post 9.85 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 7th. Shareholders of record on Friday, August 17th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, August 16th. This represents a $2.00 annualized dividend and a yield of 2.30%. Reliance Steel & Aluminum’s dividend payout ratio is currently 36.76%.
In other news, Director David H. Hannah sold 25,000 shares of the firm’s stock in a transaction on Wednesday, August 1st. The stock was sold at an average price of $90.04, for a total value of $2,251,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 3.24% of the company’s stock.
About Reliance Steel & Aluminum
Reliance Steel & Aluminum Co operates as a metals service center company in the United States and internationally. The company provides steel, aluminum, stainless, and specialty metals and related processing services to customers in various industries, such as infrastructure and energy; fabricates steel and aluminum products; and provides various precision fabrication services, including laser cutting, shearing, computer numerated control (CNC) punching, and CNC forming and rolling, as well as welding, assembly, painting, inventory management, and engineering expertise.
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