Equities analysts predict that Reliance Steel & Aluminum Co. (NYSE:RS) will report earnings of $1.25 per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Reliance Steel & Aluminum Co.’s earnings, with estimates ranging from $1.13 to $1.40. Reliance Steel & Aluminum Co. also reported earnings per share of $1.25 during the same quarter last year. The company is scheduled to issue its next earnings report before the market opens on Thursday, October 26th.

According to Zacks, analysts expect that Reliance Steel & Aluminum Co. will report full year earnings of $5.18 per share for the current fiscal year, with EPS estimates ranging from $4.96 to $5.45. For the next fiscal year, analysts forecast that the business will post earnings of $5.97 per share, with EPS estimates ranging from $5.40 to $6.38. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that follow Reliance Steel & Aluminum Co..

Reliance Steel & Aluminum Co. (NYSE:RS) last released its earnings results on Thursday, October 26th. The industrial products company reported $0.84 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.29 by ($0.45). Reliance Steel & Aluminum Co. had a return on equity of 8.67% and a net margin of 3.57%.

Several research analysts have weighed in on the stock. BidaskClub upgraded shares of Reliance Steel & Aluminum Co. from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 13th. Deutsche Bank AG reiterated a “buy” rating on shares of Reliance Steel & Aluminum Co. in a research report on Saturday, June 24th. Cowen and Company reiterated a “buy” rating and issued a $92.00 price target on shares of Reliance Steel & Aluminum Co. in a research report on Friday, September 1st. Jefferies Group LLC reiterated a “hold” rating and issued a $72.00 price target on shares of Reliance Steel & Aluminum Co. in a research report on Wednesday, July 19th. Finally, Zacks Investment Research upgraded shares of Reliance Steel & Aluminum Co. from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the stock. Reliance Steel & Aluminum Co. presently has a consensus rating of “Buy” and an average price target of $83.00.

Reliance Steel & Aluminum Co. (RS) traded down 1.91% on Thursday, reaching $72.46. 475,730 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $72.11 and a 200-day moving average of $75.28. The company has a market cap of $5.28 billion, a P/E ratio of 16.34 and a beta of 1.23. Reliance Steel & Aluminum Co. has a 12-month low of $65.10 and a 12-month high of $88.58.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Friday, August 18th were given a $0.45 dividend. The ex-dividend date of this dividend was Wednesday, August 16th. This represents a $1.80 annualized dividend and a dividend yield of 2.48%. Reliance Steel & Aluminum Co.’s dividend payout ratio is presently 40.54%.

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A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Lord Abbett & CO. LLC boosted its position in Reliance Steel & Aluminum Co. by 1.5% during the second quarter. Lord Abbett & CO. LLC now owns 1,832,962 shares of the industrial products company’s stock worth $133,458,000 after acquiring an additional 26,528 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in Reliance Steel & Aluminum Co. during the second quarter worth approximately $252,000. Public Employees Retirement System of Ohio boosted its position in Reliance Steel & Aluminum Co. by 1.5% during the second quarter. Public Employees Retirement System of Ohio now owns 140,935 shares of the industrial products company’s stock worth $10,261,000 after acquiring an additional 2,109 shares during the last quarter. Koch Industries Inc. acquired a new stake in Reliance Steel & Aluminum Co. during the second quarter worth approximately $393,000. Finally, 1st Global Advisors Inc. acquired a new stake in Reliance Steel & Aluminum Co. during the second quarter worth approximately $278,000. Hedge funds and other institutional investors own 82.68% of the company’s stock.

About Reliance Steel & Aluminum Co.

Reliance Steel & Aluminum Co is a metals service center company in North America (the United States and Canada). As of December 31, 2016, the Company’s network of metals service centers operated over 300 locations in 39 states in the United States and in 12 other countries (Australia, Belgium, Canada, China, France, Malaysia, Mexico, Singapore, South Korea, Turkey, the United Arab Emirates and the United Kingdom).

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Earnings History and Estimates for Reliance Steel & Aluminum Co. (NYSE:RS)

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