Reliance (NYSE:RS) Announces Q4 2026 Earnings Guidance

Reliance (NYSE:RS) issued an update on its fourth quarter 2026 earnings guidance on Friday morning. The company provided EPS guidance of 7.400-7.600 for the period, compared to the consensus estimate of 5.830.

Analyst Ratings Changes

A number of analysts have commented on RS shares. KeyCorp raised their price objective on Reliance from $418.00 to $421.00 and gave the stock an “overweight” rating in a research report on Monday, October 5th. Citigroup restated a “neutral” rating on shares of Reliance in a research report on Wednesday, July 29th. Zacks Research upgraded Reliance from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 3rd. Wall Street Zen lowered Reliance from a “strong-buy” rating to a “buy” rating in a research note on Sunday, October 11th. Finally, JPMorgan Chase & Co. raised their target price on Reliance from $390.00 to $400.00 and gave the stock a “neutral” rating in a research report on Friday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $391.57.

Reliance Stock Performance

NYSE RS opened at $415.93 on Friday. The stock has a market cap of $21.24 billion, a P/E ratio of 19.39, a PEG ratio of 0.94 and a beta of 0.95. The company’s 50-day simple moving average is $397.57 and its 200 day simple moving average is $385.60. Reliance has a twelve month low of $263.12 and a twelve month high of $435.00. The company has a quick ratio of 2.27, a current ratio of 4.12 and a debt-to-equity ratio of 0.21.

Reliance (NYSE:RS) last posted its quarterly earnings results on Wednesday, October 21st. The industrial products company reported $8.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.83 by $1.19. The firm had revenue of $5.21 billion during the quarter, compared to analyst estimates of $4.74 billion. Reliance had a net margin of 6.38% and a return on equity of 15.31%. The company’s quarterly revenue was up 42.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.64 earnings per share. As a group, research analysts forecast that Reliance will post 24.63 earnings per share for the current fiscal year.

Reliance Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 4th. Stockholders of record on Friday, November 20th will be paid a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Friday, November 20th. Reliance’s dividend payout ratio is currently 23.31%.

Insider Buying and Selling

In other news, SVP William Smith, II sold 2,353 shares of the stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $414.21, for a total value of $974,636.13. Following the completion of the transaction, the senior vice president directly owned 19,394 shares of the company’s stock, valued at approximately $8,033,188.74. This represents a 10.82% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Arthur Ajemyan sold 2,200 shares of the firm’s stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $410.11, for a total value of $902,242.00. Following the transaction, the chief financial officer owned 14,640 shares of the company’s stock, valued at $6,004,010.40. This trade represents a 13.06% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.40% of the company’s stock.

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.