Reliance (NYSE:RS) Updates Q2 2026 Earnings Guidance

Reliance (NYSE:RS) updated its second quarter 2026 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 5.150-5.350 for the period, compared to the consensus estimate of 5.000. The company issued revenue guidance of -.

Reliance Price Performance

Shares of NYSE RS traded up $14.61 during midday trading on Wednesday, reaching $350.60. The company’s stock had a trading volume of 618,691 shares, compared to its average volume of 352,858. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.30 and a current ratio of 4.88. The company has a market cap of $18.14 billion, a P/E ratio of 25.10, a P/E/G ratio of 1.27 and a beta of 0.88. The business’s 50 day moving average price is $314.80 and its two-hundred day moving average price is $301.35. Reliance has a fifty-two week low of $260.31 and a fifty-two week high of $365.59.

Reliance (NYSE:RS) last posted its quarterly earnings data on Wednesday, April 22nd. The industrial products company reported $5.16 EPS for the quarter, topping analysts’ consensus estimates of $4.63 by $0.53. The firm had revenue of $4.03 billion for the quarter, compared to analyst estimates of $3.89 billion. Reliance had a return on equity of 10.45% and a net margin of 5.17%.Reliance has set its Q2 2026 guidance at 5.150-5.350 EPS. On average, analysts forecast that Reliance will post 17.65 EPS for the current fiscal year.

Reliance Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Friday, March 6th were given a dividend of $1.25 per share. This is a positive change from Reliance’s previous quarterly dividend of $1.20. This represents a $5.00 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Friday, March 6th. Reliance’s dividend payout ratio (DPR) is currently 35.79%.

Wall Street Analysts Forecast Growth

RS has been the topic of a number of analyst reports. Zacks Research upgraded shares of Reliance from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 3rd. KeyCorp started coverage on shares of Reliance in a report on Wednesday, March 25th. They set an “overweight” rating and a $341.00 price target for the company. Wall Street Zen raised shares of Reliance from a “hold” rating to a “buy” rating in a research note on Saturday, April 11th. BMO Capital Markets downgraded shares of Reliance from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $340.00 to $320.00 in a research report on Friday, February 20th. Finally, JPMorgan Chase & Co. upped their target price on Reliance from $330.00 to $340.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 14th. One investment analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $326.20.

Insider Transactions at Reliance

In other news, SVP William A. Smith II sold 6,615 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $298.61, for a total value of $1,975,305.15. Following the sale, the senior vice president directly owned 21,747 shares in the company, valued at approximately $6,493,871.67. This trade represents a 23.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Stephen Paul Koch sold 24,060 shares of Reliance stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $321.62, for a total transaction of $7,738,177.20. Following the sale, the chief operating officer directly owned 14,021 shares in the company, valued at $4,509,434.02. This trade represents a 63.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.40% of the stock is currently owned by corporate insiders.

Key Headlines Impacting Reliance

Here are the key news stories impacting Reliance this week:

• Positive Sentiment: Reported Q1 results that beat expectations: Reliance posted $5.16 EPS vs. $4.63 consensus and revenue of $4.03B vs. $3.89B expected, with solid net margin and ROE metrics — a clear near-term earnings beat driving positive investor reaction. Read More.
• Positive Sentiment: Raised Q2 2026 EPS guidance above street: Management set Q2 EPS at $5.150–$5.350 versus the ~$5.00 consensus, providing upside to near-term estimates and supporting the rally. Read More.
• Neutral Sentiment: Corporate disclosure: The company’s formal Q1 2026 financial results were posted via GlobeNewswire with the full release and supporting details (useful for modeling). Read More.
• Neutral Sentiment: Some widely circulated articles reference “Reliance” or similarly named Indian companies (e.g., Jio, Reliance Power) — those items appear to concern unrelated firms and are unlikely to directly affect Reliance, Inc. (RS) trading. Read More.

Institutional Investors Weigh In On Reliance

Several hedge funds have recently modified their holdings of the company. Boston Partners increased its holdings in Reliance by 27.5% in the 3rd quarter. Boston Partners now owns 2,247,603 shares of the industrial products company’s stock worth $631,224,000 after purchasing an additional 484,286 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Reliance by 25.2% during the third quarter. Wellington Management Group LLP now owns 1,708,756 shares of the industrial products company’s stock valued at $479,870,000 after purchasing an additional 343,598 shares in the last quarter. Corient Private Wealth LLC grew its holdings in shares of Reliance by 1,018.9% during 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 increased its stake 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 valued at $729,528,000 after buying an additional 166,214 shares during the period. Finally, Balyasny Asset Management L.P. increased its stake 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 valued at $48,941,000 after buying an additional 114,215 shares during the period. Institutional investors and hedge funds own 79.26% of the company’s stock.

Reliance Company Profile

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.