Equities Analysts Offer Predictions for Reliance Q2 Earnings

Reliance, Inc. (NYSE:RS) – Investment analysts at Zacks Research lifted their Q2 2027 earnings estimates for shares of Reliance in a research report issued on Wednesday, November 4th. Zacks Research analyst Team now forecasts that the industrial products company will post earnings per share of $5.67 for the quarter, up from their previous forecast of $5.48. Zacks Research has a “Strong-Buy” rating on the stock. The consensus estimate for Reliance’s current full-year earnings is $24.99 per share. Zacks Research also issued estimates for Reliance’s Q3 2027 earnings at $6.50 EPS, Q1 2028 earnings at $4.69 EPS, Q2 2028 earnings at $4.45 EPS, Q3 2028 earnings at $5.19 EPS and FY2028 earnings at $19.13 EPS.

Reliance (NYSE:RS) last released its earnings results on Wednesday, October 21st. The industrial products company reported $8.02 earnings per share for the quarter, topping analysts’ consensus estimates of $6.83 by $1.19. Reliance had a net margin of 6.38% and a return on equity of 15.31%. The firm had revenue of $5.21 billion during the quarter, compared to analyst estimates of $4.74 billion. During the same quarter in the previous year, the business earned $3.64 EPS. The business’s revenue was up 42.8% on a year-over-year basis.

Several other analysts also recently weighed in on the company. Citigroup restated a “neutral” rating on shares of Reliance in a research note on Wednesday, July 29th. Weiss Ratings lowered Reliance from a “buy (b)” rating to a “hold (c)” rating in a report on Wednesday, October 28th. Wells Fargo & Company increased their price objective on Reliance from $391.00 to $420.00 and gave the company an “equal weight” rating in a research report on Thursday, October 22nd. BMO Capital Markets raised their price objective on shares of Reliance from $390.00 to $415.00 and gave the stock a “market perform” rating in a research note on Monday, July 27th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Reliance from $400.00 to $420.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 28th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $400.29.

Reliance Trading Down 0.6%

Shares of NYSE:RS opened at $441.38 on Thursday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.22 and a current ratio of 4.12. The stock’s 50-day moving average is $403.93 and its 200-day moving average is $370.13. The company has a market cap of $22.48 billion, a P/E ratio of 20.58, a P/E/G ratio of 0.93 and a beta of 0.95. Reliance has a 52-week low of $263.12 and a 52-week high of $454.93.

Hedge Funds Weigh In On Reliance

Several large investors have recently added to or reduced their stakes in the company. XXEC Inc. acquired a new stake in shares of Reliance during the 2nd quarter worth approximately $127,493,000. BlackRock Inc. acquired a new position in shares of Reliance in the second quarter valued at $2,171,081,000. Bank of New York Mellon Corp acquired a new position in shares of Reliance in the second quarter valued at $176,913,000. William Blair Investment Management LLC bought a new position in Reliance in the second quarter worth $142,900,000. Finally, Corient Private Wealth LP bought a new stake in Reliance in the 2nd quarter valued at $129,799,000. Institutional investors and hedge funds own 79.26% of the company’s stock.

Insiders Place Their Bets

In related news, COO Stephen Koch sold 8,334 shares of Reliance stock in a transaction dated Tuesday, October 27th. The stock was sold at an average price of $430.87, for a total transaction of $3,590,870.58. Following the sale, the chief operating officer directly owned 8,209 shares of the company’s stock, valued at $3,537,011.83. This trade represents a 50.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.40% of the stock is currently owned by company insiders.

Reliance Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 4th. Investors 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 yield of 1.1%. Reliance’s dividend payout ratio (DPR) is 23.31%.

Key Stories Impacting Reliance

Here are the key news stories impacting Reliance this week:

• Positive Sentiment: Zacks Research raised its estimates for several upcoming quarters, including Q2 and Q3 2027 and Q1 and Q3 2028. It also increased its FY2028 EPS forecast to $19.13 from $18.09 and maintained a “Strong-Buy” rating, providing a generally supportive outlook. Reliance analyst coverage
• Neutral Sentiment: Reports about Reliance Jio’s ₹15 unlimited 5G data pack relate to the Indian telecom business, not Reliance, Inc. (RS), so they do not indicate a direct change in RS’s outlook. Reliance Jio data pack report
• Negative Sentiment: Zacks lowered its Q2 2028 EPS estimate to $4.45 from $4.66. This cut tempers the positive revisions, although the firm’s overall rating remains “Strong-Buy.” Reliance analyst coverage

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.