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Reliance Steel & Aluminum Company (RS)
NYSE:RS
Reliance Steel (RS) Stock Price & Analysis
375 Followers
RS Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$226.69 - $342.20
Previous Close$298.06
Volume356.37K
Average Volume (3M)280.75K
Market Cap
$17.12B
Enterprise Value$17.64B
Total Cash (Recent Filing)$849.50M
Total Debt (Recent Filing)$1.37B
Price to Earnings (P/E)13.9
Beta0.89
Next Earnings
Jul 25, 2024EPS Estimate
$5.05Next Dividend Ex-Date
May 23, 2024Dividend Yield1.38%
Share Statistics
EPS (TTM)21.41
Shares Outstanding57,426,608
10 Day Avg. Volume300,786
30 Day Avg. Volume280,754
Standard Deviation0.08
R-Squared0.34
Alpha0.01
Financial Highlights & Ratios
Price to Book (P/B)3.60
Price to Sales (P/S)1.00
Price to Cash Flow (P/CF)7.90
P/FCF Ratio7.80
Enterprise Value/Market CapN/A
Enterprise Value/Revenue1.12
Enterprise Value/Gross Profit3.36
Enterprise Value/Ebitda3.70
Forecast
1Y Price Target
$361.25Price Target Upside21.07% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering4
Reliance Steel News
PremiumCompany Announcements
Reliance Steel’s Strategic Decisions at Annual Shareholder Meeting
Bulls Say, Bears Say
Bulls Say
Financial StabilityReliance boasts a best-in-class balance sheet and strong free cash flow generation, providing significant financial flexibility.
Growth And ExpansionReliance's proactive growth strategy through acquisitions and a robust pipeline suggest an active and potentially lucrative future.
Market PerformanceReliance Inc. reported quarterly earnings per share well above guidance and consensus, showcasing its ability to outperform expectations.
Bears Say
DebtCompany's net debt increased from $62m to $208m.
Financial PerformanceEstimates and target trimmed due to a more challenging pricing environment.
ValuationThe stock is trading at 10.0x EV/NTM EBITDA, above its historical average of 7.7x, leading to a Neutral rating on valuation.
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Ownership Overview
6.12% Insiders
25.36% Mutual Funds
44.49% Other Institutional Investors
24.04% Public Companies and
Individual Investors
Risk Analysis
Main Risk Category
ProductionRisks related to the company’s ability to manufacture goods and services
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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RS FAQ
What was Reliance Steel & Aluminum Company’s price range in the past 12 months?
Reliance Steel & Aluminum Company lowest stock price was $226.69 and its highest was $342.20 in the past 12 months.
What is Reliance Steel & Aluminum Company’s market cap?
Currently, no data Available
When is Reliance Steel & Aluminum Company’s upcoming earnings report date?
Reliance Steel & Aluminum Company’s upcoming earnings report date is Jul 25, 2024 which is in 68 days.
How were Reliance Steel & Aluminum Company’s earnings last quarter?
Reliance Steel & Aluminum Company released its earnings results on Apr 25, 2024. The company reported $5.3 earnings per share for the quarter, missing the consensus estimate of $5.534 by -$0.234.
Is Reliance Steel & Aluminum Company overvalued?
According to Wall Street analysts Reliance Steel & Aluminum Company’s price is currently Undervalued.
Does Reliance Steel & Aluminum Company pay dividends?
Reliance Steel & Aluminum Company pays a Quarterly dividend of $1.1 which represents an annual dividend yield of 1.38%. See more information on Reliance Steel & Aluminum Company dividends here
What is Reliance Steel & Aluminum Company’s EPS estimate?
Reliance Steel & Aluminum Company’s EPS estimate is $5.05.
How many shares outstanding does Reliance Steel & Aluminum Company have?
Reliance Steel & Aluminum Company has 57,426,610 shares outstanding.
What happened to Reliance Steel & Aluminum Company’s price movement after its last earnings report?
Reliance Steel & Aluminum Company reported an EPS of $5.3 in its last earnings report, missing expectations of $5.534. Following the earnings report the stock price went down -6.834%.
Which hedge fund is a major shareholder of Reliance Steel & Aluminum Company?
Among the largest hedge funds holding Reliance Steel & Aluminum Company’s share is Yacktman Asset Management LP. It holds Reliance Steel & Aluminum Company’s shares valued at 333M.
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Reliance Steel Stock Smart Score
Neutral
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Analyst Consensus
Moderate Buy
Average Price Target:
$361.25 (21.07% Upside)
$361.25 (21.07% Upside)
Blogger Sentiment
Bullish
RS Sentiment 83%
Sector Average 70%
Sector Average 70%
Hedge Fund Trend
Decreased
By 222.9K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $33.4M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Positive
Last 7 Days ▲ 3.1%
Last 30 Days ▲ 0.4%
Last 30 Days ▲ 0.4%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
25.88%
12-Months-Change
Fundamentals
Return on Equity
16.44%
Trailing 12-Months
Asset Growth
4.99%
Trailing 12-Months
Company Description
Reliance Steel & Aluminum Company
Reliance Steel & Aluminum Co. engages in the provision of metals processing services and distribution of metal products. It offers alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium, and specialty steel products. The company was founded by Thomas J. Neilan on February 3, 1939 and is headquartered in Los Angeles, CA.
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RS Earnings Call
Q1 2024
0:00 / 0:00
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RS Stock 12 Month Forecast
Average Price Target
$361.25
▲(21.07% Upside)
Technical Analysis
Best Analysts Covering RS
1 Year
1 Year Success Rate
21/33 ratings generated profit
1 Year Average Return
+12.04%
reiterated a buy rating 3 months ago
Copying Philip Gibbs's trades and holding each position for 1 Year would result in 63.64% of your transactions generating a profit, with an average return of +12.04% per trade.
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