Zacks Research Brokers Lift Earnings Estimates for Reliance

Reliance, Inc. (NYSE:RS) – Investment analysts at Zacks Research increased their Q3 2026 EPS estimates for shares of Reliance in a research report issued on Wednesday, August 5th. Zacks Research analyst Team now anticipates that the industrial products company will earn $6.50 per share for the quarter, up from their prior estimate of $4.14. Zacks Research currently has a “Strong-Buy” rating on the stock. The consensus estimate for Reliance’s current full-year earnings is $21.33 per share. Zacks Research also issued estimates for Reliance’s Q4 2026 earnings at $4.64 EPS, FY2026 earnings at $22.57 EPS, Q3 2027 earnings at $6.19 EPS, Q4 2027 earnings at $4.48 EPS, FY2027 earnings at $21.24 EPS, Q1 2028 earnings at $4.45 EPS, Q2 2028 earnings at $4.66 EPS and FY2028 earnings at $18.09 EPS.

A number of other analysts have also recently issued reports on RS. Bank of America cut Reliance from a “neutral” rating to an “underperform” rating and set a $365.00 price objective on the stock. in a report on Thursday, April 30th. Wall Street Zen upgraded Reliance from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 1st. JPMorgan Chase & Co. lowered their price target on shares of Reliance from $378.00 to $376.00 and set a “neutral” rating on the stock in a report on Wednesday, July 15th. Citigroup reaffirmed a “neutral” rating on shares of Reliance in a research note on Wednesday, July 29th. Finally, BMO Capital Markets upped their target price on shares of Reliance from $390.00 to $415.00 and gave the stock a “market perform” rating in a report on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $378.67.

Reliance Price Performance

Reliance stock opened at $417.75 on Friday. The firm has a market capitalization of $21.33 billion, a P/E ratio of 24.29, a PEG ratio of 1.13 and a beta of 0.96. Reliance has a one year low of $260.31 and a one year high of $424.77. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.30 and a quick ratio of 2.27. The business has a fifty day moving average price of $394.63 and a 200-day moving average price of $354.08.

Reliance (NYSE:RS) last released its quarterly earnings data on Wednesday, July 22nd. The industrial products company reported $6.27 earnings per share for the quarter, beating analysts’ consensus estimates of $5.47 by $0.80. Reliance had a net margin of 5.65% and a return on equity of 12.51%. The business had revenue of $4.63 billion during the quarter, compared to analyst estimates of $4.26 billion. During the same period in the previous year, the business earned $4.43 EPS. Reliance’s revenue was up 26.5% compared to the same quarter last year. Reliance has set its Q3 2026 guidance at 6.400-6.600 EPS.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Costello Asset Management INC bought a new position in Reliance in the first quarter valued at $30,000. Brown Brothers Harriman & Co. lifted its stake in Reliance by 86.2% during the fourth quarter. Brown Brothers Harriman & Co. now owns 108 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 50 shares during the last quarter. Greenline Wealth Management LLC bought a new stake in Reliance during the fourth quarter worth about $32,000. Quarry LP purchased a new position in shares of Reliance in the 3rd quarter worth about $32,000. Finally, Parkside Financial Bank & Trust boosted its holdings in shares of Reliance by 87.3% in the 4th quarter. Parkside Financial Bank & Trust now owns 118 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 55 shares in the last quarter. 79.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Reliance

In other Reliance news, CFO Arthur Ajemyan sold 2,200 shares of Reliance stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $410.11, for a total transaction of $902,242.00. Following the completion of the sale, the chief financial officer directly owned 14,640 shares in the company, valued at $6,004,010.40. The trade was a 13.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 transaction of $974,636.13. Following the completion of the transaction, the senior vice president directly owned 19,394 shares in the company, valued at $8,033,188.74. The trade was a 10.82% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.40% of the company’s stock.

Reliance Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, August 14th. Reliance’s dividend payout ratio (DPR) is 29.07%.

Reliance News Roundup

Here are the key news stories impacting Reliance this week:

• Positive Sentiment: Zacks raised its FY2026 EPS forecast to $22.57 from $18.07 and its Q3 2026 estimate to $6.50 from $4.14. The FY2026 forecast is also above the current full-year consensus of $21.33, providing a potential earnings catalyst for Reliance. Zacks Research Reliance estimates
• Positive Sentiment: The research firm lifted its FY2027 EPS outlook to $21.24 from $18.44, raised Q3 2027 EPS to $6.19 from $4.46, and increased Q4 2027 EPS to $4.48 from $3.59. These upgrades indicate stronger anticipated earnings momentum beyond 2026. Zacks Research Reliance estimates
• Positive Sentiment: Zacks also modestly raised its Q1 2027 EPS estimate to $5.09 from $4.97 and Q2 2027 EPS to $5.48 from $5.41, reinforcing the improved intermediate-term outlook. Zacks Research Reliance estimates
• Neutral Sentiment: The analyst’s “Strong Buy” rating is constructive, but the changes are estimates rather than new company operating results. Investors will likely look for confirmation in Reliance’s upcoming results and guidance.
• Negative Sentiment: Longer-term forecasts were mixed: FY2028 EPS was cut to $18.09 from $19.32, while Q1 2028 EPS fell to $4.45 from $5.20 and Q2 2028 EPS declined to $4.66 from $5.47. The reductions suggest analysts expect some earnings normalization after the stronger 2026–2027 outlook. Zacks Research Reliance estimates

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.