4 days Ago By ABMN Staff
Reliance ( NYSE:RS – Get Free Report ) is expected to release its earnings data after the market closes on Wednesday, April 23rd. Analysts expect Reliance to post earnings of $3.61 per share and revenue of $3.
44 billion for the quarter. Reliance has set its Q1 2025 guidance at 3.300-3.
500 EPS.Parties that wish to register for the company’s conference call can do so using this link . Reliance ( NYSE:RS – Get Free Report ) last posted its quarterly earnings data 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). The company had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3.
04 billion. Reliance had a net margin of 6.33% and a return on equity of 11.
87%. On average, analysts expect Reliance to post $17 EPS for the current fiscal year and $18 EPS for the next fiscal year. Reliance Trading Down 0.
5 % Shares of Reliance stock opened at $276.85 on Wednesday. The business has a fifty day simple moving average of $285.
52 and a 200-day simple moving average of $289.89. Reliance has a fifty-two week low of $250.
07 and a fifty-two week high of $326.87. The firm has a market cap of $14.
64 billion, a price-to-earnings ratio of 17.93 and a beta of 0.83.
The company has a quick ratio of 1.58, a current ratio of 3.21 and a debt-to-equity ratio of 0.
10. Reliance Increases Dividend Insider Transactions at Reliance In other Reliance news, CEO Karla R. Lewis sold 31,136 shares of the stock in a transaction 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 in the company, valued at $27,115,919.60. This represents a 25.
65 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link . 0.
69% of the stock is owned by insiders. Analysts Set New Price Targets Several research firms have issued reports on RS. Wolfe Research upgraded Reliance from an “underperform” rating to a “peer perform” rating in a report on Wednesday, January 8th.
KeyCorp boosted their price target on shares of Reliance from $321.00 to $327.00 and gave the company an “overweight” rating in a report on Monday, February 24th.
Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Reliance presently has an average rating of “Hold” and a consensus target price of $319.00.
Check Out Our Latest Research Report on RS Reliance Company Profile ( Get Free Report ) 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. Recommended Stories Receive News & Ratings for Reliance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Reliance and related companies with MarketBeat.
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