Press coverage about Reliance Steel & Aluminum Co. (NYSE:RS) has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm ranks the sentiment of press coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Reliance Steel & Aluminum Co. earned a news impact score of 0.21 on Accern’s scale. Accern also assigned news articles about the industrial products company an impact score of 45.6134135048931 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news articles that may have effected Accern Sentiment Analysis’s rankings:
- The great Indian fire sale (asianage.com)
- Reliance Steel & Aluminum Co. breached its 50 day moving average in a Bearish Manner : RS-US : November 13, 2017 (finance.yahoo.com)
- Analysts Anticipate Reliance Steel & Aluminum Co. (RS) Will Announce Quarterly Sales of $2.29 Billion (americanbankingnews.com)
- ETFs with exposure to Reliance Steel & Aluminum Co. : November 9, 2017 (finance.yahoo.com)
- Zacks: Brokerages Anticipate Reliance Steel & Aluminum Co. (RS) to Announce $0.97 EPS (americanbankingnews.com)
Shares of Reliance Steel & Aluminum Co. (RS) opened at $74.20 on Wednesday. The stock has a market cap of $5,489.79, a PE ratio of 14.88, a PEG ratio of 1.62 and a beta of 1.28. Reliance Steel & Aluminum Co. has a 52-week low of $68.46 and a 52-week high of $88.58. The company has a debt-to-equity ratio of 0.43, a current ratio of 4.06 and a quick ratio of 1.79.
Reliance Steel & Aluminum Co. (NYSE:RS) last announced its earnings results on Thursday, October 26th. The industrial products company reported $1.30 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.19 by $0.11. The company had revenue of $2.45 billion during the quarter. Reliance Steel & Aluminum Co. had a net margin of 3.97% and a return on equity of 8.61%. The company’s revenue was up 12.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.25 EPS. sell-side analysts forecast that Reliance Steel & Aluminum Co. will post 5.16 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 17th will be given a $0.45 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.43%. Reliance Steel & Aluminum Co.’s payout ratio is presently 35.43%.
A number of equities analysts have commented on the stock. Jefferies Group LLC reaffirmed a “hold” rating and set a $72.00 price objective on shares of Reliance Steel & Aluminum Co. in a research report on Wednesday, July 19th. Zacks Investment Research cut shares of Reliance Steel & Aluminum Co. from a “buy” rating to a “hold” rating in a research report on Wednesday, October 18th. ValuEngine cut shares of Reliance Steel & Aluminum Co. from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Cowen and Company set a $92.00 price objective on shares of Reliance Steel & Aluminum Co. and gave the stock an “outperform” rating in a research report on Thursday, July 27th. Finally, Bank of America Corporation reaffirmed a “buy” rating and set a $89.00 price objective (up from $88.00) on shares of Reliance Steel & Aluminum Co. in a research report on Tuesday, September 5th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $82.00.
Reliance Steel & Aluminum Co. Company Profile
Reliance Steel & Aluminum Co is a metals service center company in North America (the United States and Canada). As of December 31, 2016, the Company’s network of metals service centers operated over 300 locations in 39 states in the United States and in 12 other countries (Australia, Belgium, Canada, China, France, Malaysia, Mexico, Singapore, South Korea, Turkey, the United Arab Emirates and the United Kingdom).
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