Reliance (RS) Expected to Announce Quarterly Earnings on Wednesday

Reliance (NYSE:RS) is expected to be announcing its Q2 2026 results after the market closes on Wednesday, July 22nd. Analysts expect the company to announce earnings of $5.44 per share and revenue of $4.2460 billion for the quarter. Reliance has set its Q2 2026 guidance at 5.150-5.350 EPS. Parties are encouraged to explore the company’s upcoming Q2 2026 earning report for the latest details on the call scheduled for Thursday, July 23, 2026 at 11:00 AM ET.

Reliance (NYSE:RS) last released its quarterly earnings results on Wednesday, April 22nd. The industrial products company reported $5.16 earnings per share for the quarter, beating the consensus estimate of $4.63 by $0.53. The firm had revenue of $4.03 billion for the quarter, compared to analysts’ expectations of $3.89 billion. Reliance had a return on equity of 11.37% and a net margin of 5.42%.The company’s revenue was up 15.1% compared to the same quarter last year. During the same quarter last year, the firm posted $3.77 EPS. On average, analysts expect Reliance to post $19 EPS for the current fiscal year and $21 EPS for the next fiscal year.

Reliance Stock Performance

Shares of RS opened at $388.39 on Wednesday. The company has a market cap of $19.83 billion, a PE ratio of 25.34, a price-to-earnings-growth ratio of 1.19 and a beta of 0.97. The company has a current ratio of 4.39, a quick ratio of 2.24 and a debt-to-equity ratio of 0.24. The stock has a 50-day moving average price of $383.04 and a 200-day moving average price of $342.13. Reliance has a 12-month low of $260.31 and a 12-month high of $419.83.

Reliance Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 22nd were given a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Friday, May 22nd. Reliance’s dividend payout ratio is 32.62%.

Insider Buying and Selling at Reliance

In related news, CFO Arthur Ajemyan sold 3,500 shares of the business’s stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $358.12, for a total value of $1,253,420.00. Following the completion of the sale, the chief financial officer owned 16,840 shares in the company, valued at $6,030,740.80. The trade was a 17.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.40% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. First Citizens Bank & Trust Co. lifted its stake in shares of Reliance by 1.7% in the 4th quarter. First Citizens Bank & Trust Co. now owns 2,036 shares of the industrial products company’s stock valued at $588,000 after purchasing an additional 35 shares during the period. Transamerica Financial Advisors LLC grew its position in Reliance by 31.4% during the second quarter. Transamerica Financial Advisors LLC now owns 201 shares of the industrial products company’s stock valued at $63,000 after buying an additional 48 shares during the period. Brown Brothers Harriman & Co. increased its holdings in Reliance by 86.2% in the fourth quarter. Brown Brothers Harriman & Co. now owns 108 shares of the industrial products company’s stock valued at $31,000 after buying an additional 50 shares in the last quarter. Parkside Financial Bank & Trust increased its holdings in Reliance by 87.3% in the fourth quarter. Parkside Financial Bank & Trust now owns 118 shares of the industrial products company’s stock valued at $34,000 after buying an additional 55 shares in the last quarter. Finally, Principal Securities Inc. increased its holdings in Reliance by 7.3% in the fourth quarter. Principal Securities Inc. now owns 842 shares of the industrial products company’s stock valued at $243,000 after buying an additional 57 shares in the last quarter. 79.26% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on RS. The Goldman Sachs Group assumed coverage on shares of Reliance in a research note on Wednesday, April 1st. They issued a “neutral” rating and a $300.00 target price on the stock. Weiss Ratings raised shares of Reliance from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, May 18th. Seaport Research Partners increased their price target on shares of Reliance from $340.00 to $390.00 and gave the stock a “buy” rating in a report on Tuesday, April 28th. KeyCorp raised their price objective on shares of Reliance from $378.00 to $418.00 and gave the company an “overweight” rating in a research report on Wednesday, June 24th. Finally, Wells Fargo & Company dropped their price objective on shares of Reliance from $376.00 to $372.00 and set an “equal weight” rating for the company in a report on Thursday, July 9th. Two investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $363.83.

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.