Reliance (NYSE:RS) Issues Earnings Results

Reliance (NYSE:RS) announced its earnings results on Wednesday. The industrial products company reported $6.27 EPS for the quarter, topping the consensus estimate of $5.47 by $0.80, FiscalAI reports. Reliance had a return on equity of 12.60% and a net margin of 5.65%.The firm had revenue of $4.63 billion for the quarter, compared to the consensus estimate of $4.26 billion. During the same period in the previous year, the business earned $4.43 EPS. The business’s quarterly revenue was up 26.5% compared to the same quarter last year. Reliance updated its Q3 2026 guidance to 6.400-6.600 EPS.

Reliance Stock Up 2.1%

NYSE:RS traded up $8.46 during trading hours on Friday, reaching $403.83. 44,021 shares of the company traded hands, compared to its average volume of 354,347. The company has a current ratio of 4.39, a quick ratio of 2.24 and a debt-to-equity ratio of 0.24. The business’s 50-day moving average price is $386.00 and its two-hundred day moving average price is $347.02. Reliance has a 1 year low of $260.31 and a 1 year high of $419.83. The stock has a market capitalization of $20.62 billion, a P/E ratio of 23.48, a P/E/G ratio of 1.19 and a beta of 0.97.

Reliance Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Friday, August 14th. Reliance’s dividend payout ratio (DPR) is 29.07%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on RS shares. Bank of America lowered shares of Reliance from a “neutral” rating to an “underperform” rating and set a $365.00 price objective on the stock. in a research note on Thursday, April 30th. Weiss Ratings upgraded shares of Reliance from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, May 18th. The Goldman Sachs Group assumed coverage on Reliance in a report on Wednesday, April 1st. They set a “neutral” rating and a $300.00 price objective for the company. BMO Capital Markets upped their target price on shares of Reliance from $320.00 to $350.00 and gave the stock a “market perform” rating in a research report on Monday, April 27th. Finally, Seaport Research Partners upped their price objective on shares of Reliance from $340.00 to $390.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. Two investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Reliance presently has a consensus rating of “Hold” and an average price target of $367.83.

Reliance News Roundup

Here are the key news stories impacting Reliance this week:

• Positive Sentiment: Reliance reported Q2 non-GAAP EPS of $6.27, topping estimates, on revenue of $4.63 billion, also above consensus, with earnings up sharply from a year ago. Reliance, Inc. Reports Second Quarter 2026 Financial Results
• Positive Sentiment: The company said record tons sold, better customer activity, longer mill lead times, and strong pricing helped drive results, while its U.S. border wall project contributed more than expected. Reliance Inc (RS) Q2 2026 Earnings Call Highlights: Record Revenue and Strategic Growth Amid …
• Positive Sentiment: Management guided third-quarter EPS to $6.40-$6.60, well above the market’s prior expectations, signaling confidence that momentum can continue. RS Q2 Earnings Beat Estimates on Record Shipments and Pricing
• Neutral Sentiment: Wells Fargo raised its price target on Reliance, Inc. (RS) to $398 from $372 and kept an Equal Weight rating, suggesting valuation support but not a strong bullish call. Benzinga report on Wells Fargo target increase
• Neutral Sentiment: The company also announced a quarterly dividend of $1.25 per share, which reinforces shareholder returns but is unlikely to be the main stock driver today. Reliance stock page

Insider Activity

In related news, CFO Arthur Ajemyan sold 3,500 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the chief financial officer owned 16,840 shares of the company’s stock, valued at $6,030,740.80. This trade represents a 17.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.40% of the company’s stock.

Institutional Investors Weigh In On Reliance

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Boston Partners grew its position in Reliance by 27.5% in the 3rd quarter. Boston Partners now owns 2,247,603 shares of the industrial products company’s stock valued at $631,224,000 after acquiring an additional 484,286 shares during the last quarter. Wellington Management Group LLP lifted its holdings in Reliance by 25.2% during the 3rd quarter. Wellington Management Group LLP now owns 1,708,756 shares of the industrial products company’s stock valued at $479,870,000 after buying an additional 343,598 shares in the last quarter. Corient Private Wealth LLC boosted its position in Reliance by 1,018.9% in the 4th quarter. Corient Private Wealth LLC now owns 341,827 shares of the industrial products company’s stock valued at $98,744,000 after buying an additional 311,276 shares during the period. State Street Corp grew its stake in Reliance by 6.8% in the 3rd quarter. State Street Corp now owns 2,597,755 shares of the industrial products company’s stock worth $729,528,000 after acquiring an additional 166,214 shares in the last quarter. Finally, Balyasny Asset Management L.P. increased its position in shares of Reliance by 273.9% during the second quarter. Balyasny Asset Management L.P. now owns 155,914 shares of the industrial products company’s stock worth $48,941,000 after acquiring an additional 114,215 shares during the period. Institutional investors own 79.26% of the company’s stock.

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.