Reliance Steel & Aluminum (NYSE:RS) will be posting its quarterly earnings results before the market opens on Thursday, February 20th. Analysts expect Reliance Steel & Aluminum to post earnings of $1.70 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.
Reliance Steel & Aluminum stock opened at $116.97 on Thursday. The company has a current ratio of 4.01, a quick ratio of 1.90 and a debt-to-equity ratio of 0.31. Reliance Steel & Aluminum has a 12 month low of $82.62 and a 12 month high of $122.17. The stock’s 50 day simple moving average is $118.33 and its two-hundred day simple moving average is $109.76. The firm has a market cap of $7.77 billion, a PE ratio of 12.84, a P/E/G ratio of 1.49 and a beta of 1.28.
Several equities research analysts have commented on the company. Cowen lowered Reliance Steel & Aluminum from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $123.00 to $122.00 in a research report on Tuesday, January 21st. They noted that the move was a valuation call. Exane BNP Paribas assumed coverage on Reliance Steel & Aluminum in a research report on Thursday, November 14th. They issued a “neutral” rating and a $117.00 price objective on the stock. Bank of America set a $115.00 price objective on Reliance Steel & Aluminum and gave the stock a “hold” rating in a research report on Friday, October 25th. BNP Paribas assumed coverage on Reliance Steel & Aluminum in a research report on Thursday, November 14th. They issued a “hold” rating and a $117.00 price objective on the stock. Finally, Zacks Investment Research lowered Reliance Steel & Aluminum from a “hold” rating to a “sell” rating and set a $128.00 price objective on the stock. in a research report on Wednesday, January 15th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $109.80.
In other news, CFO Karla R. Lewis sold 7,800 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $116.28, for a total transaction of $906,984.00. Following the completion of the transaction, the chief financial officer now directly owns 86,476 shares of the company’s stock, valued at approximately $10,055,429.28. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO James Donald Hoffman sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $120.22, for a total value of $360,660.00. Over the last ninety days, insiders have sold 22,160 shares of company stock valued at $2,589,192. Corporate insiders own 3.43% of the company’s stock.
About Reliance Steel & Aluminum
Reliance Steel & Aluminum Co operates as a metals service center company. The company provides alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium, and specialty steel products and related processing services to general manufacturing, non-residential construction, transportation, aerospace and defense, energy, electronics and semiconductor fabrication, auto, and heavy industries.
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