Reliance (NYSE:RS) Updates Q1 2025 Earnings Guidance

Reliance (NYSE:RS) updated its first quarter 2025 earnings guidance on Wednesday. The company provided earnings per share guidance of 3.300-3.500 for the period, compared to the consensus earnings per share estimate of 3.610. The company issued revenue guidance of -.

Reliance Stock Performance

Shares of Reliance stock traded down $2.00 during midday trading on Friday, hitting $300.67. The company had a trading volume of 112,953 shares, compared to its average volume of 416,482. The stock has a market cap of $16.27 billion, a price-to-earnings ratio of 19.46 and a beta of 0.91. The company has a quick ratio of 1.58, a current ratio of 3.31 and a debt-to-equity ratio of 0.12. The company has a fifty day simple moving average of $281.75 and a 200 day simple moving average of $289.17. Reliance has a 12-month low of $256.98 and a 12-month high of $342.20.

Reliance (NYSE:RS) last released its quarterly earnings data on Wednesday, February 19th. The industrial products company reported $2.22 earnings per share for the quarter, missing analysts’ consensus estimates of $2.74 by ($0.52). Reliance had a return on equity of 11.71% and a net margin of 6.33%. The business had revenue of $3.13 billion during the quarter, compared to analyst estimates of $3.04 billion. As a group, analysts predict that Reliance will post 16.98 earnings per share for the current fiscal year.

Reliance Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be given a dividend of $1.20 per share. The ex-dividend date is Friday, March 7th. This represents a $4.80 dividend on an annualized basis and a yield of 1.60%. This is an increase from Reliance’s previous quarterly dividend of $1.10. Reliance’s dividend payout ratio is currently 28.50%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Wolfe Research raised shares of Reliance from an “underperform” rating to a “peer perform” rating in a research note on Wednesday, January 8th. KeyCorp reduced their target price on Reliance from $325.00 to $321.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 22nd. The Goldman Sachs Group started coverage on Reliance in a research report on Monday, December 2nd. They set a “neutral” rating and a $341.00 price target for the company. Finally, BMO Capital Markets lowered their price objective 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. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $328.17.

Insider Transactions at Reliance

In other news, CEO Karla R. Lewis sold 3,892 shares of Reliance 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 sale, the chief executive officer now owns 85,117 shares of the company’s stock, valued at $27,569,396.30. The trade was a 4.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.69% of the company’s stock.

About Reliance

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.