Reliance (NYSE:RS) Releases Q3 2026 Earnings Guidance

Reliance (NYSE:RS) updated its third quarter 2026 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 6.400-6.600 for the period, compared to the consensus earnings per share estimate of 5.180. The company issued revenue guidance of -.

Reliance Stock Performance

RS opened at $386.25 on Thursday. 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 company has a market cap of $19.72 billion, a price-to-earnings ratio of 25.20, a PEG ratio of 1.18 and a beta of 0.97. The company’s 50 day moving average is $385.48 and its 200 day moving average is $346.33. Reliance has a 12-month low of $260.31 and a 12-month high of $419.83.

Reliance (NYSE:RS) last announced its earnings results on Wednesday, July 22nd. The industrial products company reported $6.27 EPS for the quarter, beating analysts’ consensus estimates of $5.47 by $0.80. The business had revenue of $4.63 billion during the quarter, compared to analysts’ expectations of $4.26 billion. Reliance had a net margin of 5.42% and a return on equity of 11.37%. The firm’s revenue was up 26.5% on a year-over-year basis. During the same period in the prior year, the company earned $4.43 earnings per share. Reliance has set its Q3 2026 guidance at 6.400-6.600 EPS. On average, equities research analysts predict that Reliance will post 19.24 EPS for the current year.

Reliance Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of brokerages have commented on RS. Weiss Ratings upgraded Reliance from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, May 18th. Wells Fargo & Company lowered their price objective on Reliance from $376.00 to $372.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 9th. The Goldman Sachs Group began coverage on shares of Reliance in a report on Wednesday, April 1st. They issued a “neutral” rating and a $300.00 target price for the company. BMO Capital Markets raised their target price on shares of Reliance from $320.00 to $350.00 and gave the stock a “market perform” rating in a research note on Monday, April 27th. Finally, Bank of America downgraded shares of Reliance from a “neutral” rating to an “underperform” rating and set a $365.00 price target on the stock. in a report on Thursday, April 30th. Two analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $363.50.

Insider Activity at Reliance

In other news, CFO Arthur Ajemyan sold 3,500 shares of the business’s stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $358.12, for a total value of $1,253,420.00. Following the transaction, the chief financial officer directly owned 16,840 shares in the company, valued at $6,030,740.80. The trade was 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 this hyperlink. 0.40% of the stock is owned by insiders.

Key Stories Impacting Reliance

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.

Institutional Inflows and Outflows

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

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.