Reliance (NYSE:RS) Issues Earnings Results

Reliance (NYSE:RS) announced its earnings results on Wednesday. The industrial products company reported $6.27 earnings per share for the quarter, beating the consensus estimate of $5.47 by $0.80, FiscalAI reports. Reliance had a return on equity of 11.37% and a net margin of 5.42%.The company had revenue of $4.63 billion for the quarter, compared to the consensus estimate of $4.26 billion. During the same period last year, the business posted $4.43 EPS. The company’s revenue was up 26.5% on a year-over-year basis. Reliance updated its Q3 2026 guidance to 6.400-6.600 EPS.

Reliance Stock Performance

NYSE:RS opened at $386.25 on Thursday. The company has a quick ratio of 2.24, a current ratio of 4.39 and a debt-to-equity ratio of 0.24. Reliance has a fifty-two week low of $260.31 and a fifty-two week high of $419.83. The stock has a market cap of $19.72 billion, a PE ratio of 25.20, a price-to-earnings-growth ratio of 1.18 and a beta of 0.97. The firm’s fifty day simple moving average is $385.48 and its 200-day simple moving average is $346.33.

Reliance Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Friday, August 14th. Reliance’s payout ratio is presently 32.62%.

Insider Activity at Reliance

In related news, CFO Arthur Ajemyan sold 3,500 shares of the business’s stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $358.12, for a total transaction of $1,253,420.00. Following the sale, the chief financial officer owned 16,840 shares of the company’s stock, valued at approximately $6,030,740.80. The trade was a 17.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada increased its stake in Reliance by 6.6% in the 1st quarter. Royal Bank of Canada now owns 15,111 shares of the industrial products company’s stock valued at $4,364,000 after purchasing an additional 940 shares in the last quarter. Empowered Funds LLC increased its position in shares of Reliance by 4.8% in the first quarter. Empowered Funds LLC now owns 5,662 shares of the industrial products company’s stock valued at $1,635,000 after buying an additional 258 shares in the last quarter. Geneos Wealth Management Inc. raised its stake in shares of Reliance by 99.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 263 shares of the industrial products company’s stock worth $76,000 after buying an additional 131 shares during the last quarter. Walleye Capital LLC raised its stake in shares of Reliance by 2,192.5% during the 2nd quarter. Walleye Capital LLC now owns 1,215 shares of the industrial products company’s stock worth $381,000 after buying an additional 1,162 shares during the last quarter. Finally, Marshall Wace LLP purchased a new stake in shares of Reliance in the 2nd quarter worth about $1,318,000. 79.26% of the stock is owned by hedge funds and other institutional investors.

Reliance News Roundup

Here are the key news stories impacting Reliance this week:

• Positive Sentiment: Reliance beat Q2 earnings and revenue estimates, with EPS of $6.27 and revenue of $4.63 billion, signaling stronger-than-expected demand and pricing. Reliance, Inc. Reports Second Quarter 2026 Financial Results
• Positive Sentiment: Management raised third-quarter 2026 EPS guidance to $6.40-$6.60, above the consensus estimate, which may support investor confidence in the outlook. Reliance, Inc. Reports Second Quarter 2026 Financial Results
• Neutral Sentiment: The company declared a quarterly dividend of $1.25 per share, maintaining income appeal for shareholders, with a 1.3% annualized yield.
• Neutral Sentiment: Several follow-up reports highlighted the same earnings beat, but did not add materially new information beyond the initial results. Reliance tops Q2 estimates as border wall project boosts earnings
• Negative Sentiment: There are no major negative developments in the news flow provided, so sentiment appears driven primarily by the earnings beat and raised guidance.

Analyst Ratings Changes

RS has been the topic of several recent research reports. Wall Street Zen raised shares of Reliance from a “hold” rating to a “buy” rating in a research note on Saturday, April 11th. The Goldman Sachs Group initiated coverage on shares of Reliance in a research note on Wednesday, April 1st. They issued a “neutral” rating and a $300.00 target price for the company. Weiss Ratings raised shares of Reliance from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, May 18th. JPMorgan Chase & Co. dropped their price target 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. Finally, KeyCorp raised their price objective on shares of Reliance from $378.00 to $418.00 and gave the company an “overweight” rating in a research report on Wednesday, June 24th. Two research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $363.50.

About Reliance

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.