Q3 Earnings Forecast for Reliance Issued By Seaport Res Ptn

Reliance, Inc. (NYSE:RS) – Analysts at Seaport Res Ptn issued their Q3 2026 earnings estimates for shares of Reliance in a research note issued on Thursday, February 20th. Seaport Res Ptn analyst M. Englert forecasts that the industrial products company will post earnings of $4.77 per share for the quarter. The consensus estimate for Reliance’s current full-year earnings is $16.98 per share.

RS has been the subject of a number of other reports. Wolfe Research upgraded shares of Reliance from an “underperform” rating to a “peer perform” rating in a research note on Wednesday, January 8th. KeyCorp raised their price target on shares of Reliance from $321.00 to $327.00 and gave the stock an “overweight” rating in a report on Monday. Finally, The Goldman Sachs Group initiated coverage on shares of Reliance in a report on Monday, December 2nd. They set a “neutral” rating and a $341.00 price objective on the stock. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $329.17.

Reliance Price Performance

Shares of NYSE RS opened at $296.22 on Monday. Reliance has a fifty-two week low of $256.98 and a fifty-two week high of $342.20. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.58 and a current ratio of 3.21. The company has a market cap of $16.03 billion, a PE ratio of 19.19 and a beta of 0.90. The business has a 50-day simple moving average of $282.48 and a two-hundred day simple moving average of $289.55.

Reliance (NYSE:RS) last released its quarterly earnings results on Wednesday, February 19th. The industrial products company reported $2.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.74 by ($0.52). Reliance had a return on equity of 11.87% and a net margin of 6.33%. The firm had revenue of $3.13 billion during the quarter, compared to analysts’ expectations of $3.04 billion.

Institutional Investors Weigh In On Reliance

A number of institutional investors have recently added to or reduced their stakes in the stock. Raymond James & Associates lifted its holdings in Reliance by 26.1% during the third quarter. Raymond James & Associates now owns 33,713 shares of the industrial products company’s stock valued at $9,750,000 after purchasing an additional 6,985 shares in the last quarter. Sequoia Financial Advisors LLC raised its position in shares of Reliance by 26.4% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 2,458 shares of the industrial products company’s stock worth $711,000 after purchasing an additional 513 shares during the last quarter. International Assets Investment Management LLC lifted its stake in Reliance by 27,269.0% in the 3rd quarter. International Assets Investment Management LLC now owns 112,213 shares of the industrial products company’s stock valued at $32,453,000 after buying an additional 111,803 shares in the last quarter. IFM Investors Pty Ltd boosted its holdings in Reliance by 58.3% in the 3rd quarter. IFM Investors Pty Ltd now owns 18,021 shares of the industrial products company’s stock worth $5,212,000 after buying an additional 6,637 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in Reliance by 9.7% during the 3rd quarter. Assenagon Asset Management S.A. now owns 8,769 shares of the industrial products company’s stock worth $2,536,000 after buying an additional 777 shares in the last quarter. Institutional investors and hedge funds own 79.26% of the company’s stock.

Insider Transactions at Reliance

In other news, CEO Karla R. Lewis sold 31,136 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $300.52, for a total transaction of $9,356,990.72. Following the completion of the transaction, the chief executive officer now directly owns 90,230 shares of the company’s stock, valued at $27,115,919.60. This represents a 25.65 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.69% of the company’s stock.

Reliance Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be given a $1.20 dividend. The ex-dividend date is Friday, March 7th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.62%. This is an increase from Reliance’s previous quarterly dividend of $1.10. Reliance’s dividend payout ratio is 31.09%.

About Reliance

Reliance, Inc operates as a diversified metal solutions provider and the metals service center company in the United States, Canada, and internationally. The company distributes a line of approximately 100,000 metal products, including alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium, and specialty steel products; and provides metals processing services to general manufacturing, non-residential construction, transportation, aerospace, energy, electronics and semiconductor fabrication, and heavy industries.