Reliance (NYSE:RS) Announces Q4 2026 Earnings Guidance

Reliance (NYSE:RS) updated its fourth quarter 2026 earnings guidance on Friday. The company provided EPS guidance of 7.400-7.600 for the period, compared to the consensus EPS estimate of 5.830.

Analysts Set New Price Targets

A number of research analysts have recently commented on RS shares. KeyCorp upped their target price on Reliance from $418.00 to $421.00 and gave the company an “overweight” rating in a research note on Monday, October 5th. Citigroup reissued a “neutral” rating on shares of Reliance in a research note on Wednesday, July 29th. Weiss Ratings upgraded Reliance from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 8th. Barclays began coverage on Reliance in a research report on Wednesday, October 14th. They issued an “equal weight” rating and a $420.00 price objective on the stock. Finally, Wall Street Zen lowered Reliance from a “strong-buy” rating to a “buy” rating in a research note on Sunday, October 11th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $391.57.

Reliance Trading Up 1.5%

Shares of Reliance stock traded up $6.36 on Friday, hitting $424.28. 30,657 shares of the company traded hands, compared to its average volume of 340,661. The stock’s 50 day moving average price is $397.76 and its 200-day moving average price is $385.39. The company has a current ratio of 4.30, a quick ratio of 2.27 and a debt-to-equity ratio of 0.22. Reliance has a 52 week low of $263.12 and a 52 week high of $435.00. The company has a market cap of $21.66 billion, a PE ratio of 24.75, a PEG ratio of 0.96 and a beta of 0.95.

Reliance (NYSE:RS) last announced its quarterly earnings data on Wednesday, October 21st. The industrial products company reported $8.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.83 by $1.19. The company had revenue of $5.21 billion for the quarter, compared to analysts’ expectations of $4.74 billion. Reliance had a return on equity of 15.57% and a net margin of 6.38%. Reliance’s revenue was up 42.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.64 earnings per share. Equities research analysts predict that Reliance will post 23.70 EPS for the current year.

Reliance Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 4th. Stockholders of record on Friday, November 20th will be given a dividend of $1.25 per share. The ex-dividend date of this dividend is Friday, November 20th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.2%. Reliance’s dividend payout ratio is presently 29.07%.

Insider Buying and Selling at Reliance

In related news, CFO Arthur Ajemyan sold 2,200 shares of Reliance stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $410.11, for a total value of $902,242.00. Following the completion of the sale, the chief financial officer directly owned 14,640 shares in the company, valued at $6,004,010.40. The trade was a 13.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP William Smith, II sold 2,353 shares of the company’s stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $414.21, for a total transaction of $974,636.13. Following the completion of the sale, the senior vice president directly owned 19,394 shares of the company’s stock, valued at approximately $8,033,188.74. This trade represents a 10.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.40% of the company’s stock.

About Reliance

Reliance, Inc (NYSE: RS) is a diversified metals service center company that supplies processed metal products and related services to industrial manufacturers, fabricators, and other commercial customers. Its product offerings include carbon steel, stainless steel, aluminum, copper, brass, and other specialty metals.

The company provides value-added processing services such as cutting, slitting, leveling, blanking, machining, forming, and precision sawing. These services allow customers to purchase metals in customized sizes and specifications, helping reduce their need for in-house processing and inventory management.

Founded in 1939, Reliance serves a broad range of industries, including nonresidential construction, transportation, aerospace and defense, energy, electronics, machinery, and general manufacturing.