Reliance (NYSE:RS) Announces Q4 2026 Earnings Guidance

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

Analyst Ratings Changes

RS has been the subject of several research analyst reports. Wall Street Zen lowered Reliance from a “strong-buy” rating to a “buy” rating in a research report on Sunday, October 11th. Wells Fargo & Company increased their price target on Reliance from $391.00 to $420.00 and gave the stock an “equal weight” rating in a report on Thursday. Weiss Ratings upgraded Reliance from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 8th. Barclays started coverage on shares of Reliance in a research report on Wednesday, October 14th. They set an “equal weight” rating and a $420.00 price objective for the company. Finally, Zacks Research upgraded shares of Reliance from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $391.57.

Reliance Stock Down 0.5%

Shares of NYSE RS traded down $1.99 during trading on Friday, hitting $415.93. 245,231 shares of the company traded hands, compared to its average volume of 275,652. The firm has a market capitalization of $21.24 billion, a price-to-earnings ratio of 19.39, a P/E/G ratio of 0.95 and a beta of 0.95. The business’s fifty day moving average is $397.57 and its 200 day moving average is $385.60. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.27 and a current ratio of 4.12. Reliance has a fifty-two week low of $263.12 and a fifty-two week high of $435.00.

Reliance (NYSE:RS) last issued its earnings results on Wednesday, October 21st. The industrial products company reported $8.02 EPS for the quarter, beating the consensus estimate of $6.83 by $1.19. Reliance had a return on equity of 15.31% and a net margin of 6.38%. The company had revenue of $5.21 billion during the quarter, compared to the consensus estimate of $4.74 billion. During the same period last year, the business posted $3.64 EPS. The firm’s revenue for the quarter was up 42.8% compared to the same quarter last year. Equities research analysts predict that Reliance will post 23.93 earnings per share for the current fiscal year.

Reliance Dividend Announcement

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

Insider Buying and Selling

In related news, CFO Arthur Ajemyan sold 2,200 shares of the stock in a transaction 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 directly owned 14,640 shares in the company, valued at $6,004,010.40. This trade represents a 13.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP William A. Smith II sold 2,353 shares of the stock in a transaction 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 owned 19,394 shares in the company, valued at approximately $8,033,188.74. This represents a 10.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company 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.