Reliance (NYSE:RS) Releases 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 Reliance stock traded down $5.61 during trading hours on Wednesday, reaching $293.77. The stock had a trading volume of 531,498 shares, compared to its average volume of 411,838. The stock’s 50 day moving average is $281.97 and its 200 day moving average is $289.04. The company has a current ratio of 3.31, a quick ratio of 1.58 and a debt-to-equity ratio of 0.12. Reliance has a twelve month low of $256.98 and a twelve month high of $342.20. The firm has a market capitalization of $15.90 billion, a PE ratio of 16.13 and a beta of 0.91.

Reliance (NYSE:RS) last issued its quarterly earnings results on Wednesday, February 19th. The industrial products company reported $2.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.74 by ($0.52). Reliance had a return on equity of 13.68% and a net margin of 7.42%. Equities analysts expect that Reliance will post 16.38 earnings per share for the current fiscal year.

Reliance Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be issued a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 1.63%. This is a positive change from Reliance’s previous quarterly dividend of $1.10. Reliance’s payout ratio is presently 24.16%.

Wall Street Analyst Weigh In

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

Insider Activity at Reliance

In related news, CEO Karla R. Lewis sold 3,892 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 85,117 shares of the company’s stock, valued at approximately $27,569,396.30. This represents a 4.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 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.