Reliance (NYSE:RS) Issues Q3 2026 Earnings Guidance

Reliance (NYSE:RS) updated its third quarter 2026 earnings guidance on Wednesday. The company provided earnings per share guidance of 6.400-6.600 for the period, compared to the consensus estimate of 5.180. The company issued revenue guidance of -.

Reliance Trading Up 0.7%

Shares of Reliance stock traded up $2.83 during trading hours on Wednesday, reaching $386.25. 523,089 shares of the company’s stock were exchanged, compared to its average volume of 354,644. Reliance has a 52-week low of $260.31 and a 52-week high of $419.83. The company has a fifty day moving average of $385.14 and a 200-day moving average of $345.64. 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 firm has a market capitalization of $19.72 billion, a price-to-earnings ratio of 25.20, a price-to-earnings-growth ratio of 1.18 and a beta of 0.97.

Reliance (NYSE:RS) last announced its quarterly earnings data on Wednesday, July 22nd. The industrial products company reported $6.27 EPS for the quarter, beating analysts’ consensus estimates of $5.44 by $0.83. The business had revenue of $4.63 billion during the quarter, compared to the consensus estimate of $4.25 billion. Reliance had a return on equity of 11.37% and a net margin of 5.42%.Reliance has set its Q3 2026 guidance at 6.400-6.600 EPS. Sell-side analysts forecast that Reliance will post 19.24 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on RS. Seaport Research Partners increased their target price on Reliance from $340.00 to $390.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. The Goldman Sachs Group initiated coverage on Reliance in a research report on Wednesday, April 1st. They set a “neutral” rating and a $300.00 price target for the company. JPMorgan Chase & Co. dropped their price target on Reliance from $378.00 to $376.00 and set a “neutral” rating for the company in a research note on Wednesday, July 15th. KeyCorp lifted their price objective on Reliance from $378.00 to $418.00 and gave the company an “overweight” rating in a research note on Wednesday, June 24th. Finally, Bank of America cut Reliance from a “neutral” rating to an “underperform” rating and set a $365.00 target price for the company. in a report on Thursday, April 30th. Two analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Reliance currently has an average rating of “Hold” and an average price target of $363.50.

Insider Activity at Reliance

In other news, CFO Arthur Ajemyan sold 3,500 shares of the company’s stock in a transaction on Monday, April 27th. The shares were sold at an average price of $358.12, for a total value of $1,253,420.00. Following the completion of the transaction, the chief financial officer directly owned 16,840 shares in the company, valued at approximately $6,030,740.80. This represents a 17.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.40% of the company’s stock.

Hedge Funds Weigh In On Reliance

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Boston Partners increased its position in shares of Reliance by 27.5% during the third quarter. Boston Partners now owns 2,247,603 shares of the industrial products company’s stock worth $631,224,000 after acquiring an additional 484,286 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of Reliance by 25.2% during the 3rd quarter. Wellington Management Group LLP now owns 1,708,756 shares of the industrial products company’s stock valued at $479,870,000 after buying an additional 343,598 shares during the last quarter. Corient Private Wealth LLC raised its holdings in Reliance by 1,018.9% in the fourth quarter. Corient Private Wealth LLC now owns 341,827 shares of the industrial products company’s stock valued at $98,744,000 after acquiring an additional 311,276 shares in the last quarter. State Street Corp raised its holdings in Reliance by 6.8% in the third quarter. State Street Corp now owns 2,597,755 shares of the industrial products company’s stock valued at $729,528,000 after acquiring an additional 166,214 shares in the last quarter. Finally, Balyasny Asset Management L.P. boosted its stake in Reliance by 273.9% during the 2nd quarter. Balyasny Asset Management L.P. now owns 155,914 shares of the industrial products company’s stock valued at $48,941,000 after acquiring an additional 114,215 shares during the last quarter. 79.26% of the stock is owned by hedge funds and other institutional investors.

About Reliance

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.