FY2025 Earnings Estimate for Reliance Issued By KeyCorp

Reliance, Inc. (NYSE:RS) – Research analysts at KeyCorp issued their FY2025 earnings estimates for shares of Reliance in a note issued to investors on Tuesday, January 6th. KeyCorp analyst P. Gibbs expects that the industrial products company will earn $14.80 per share for the year. KeyCorp has a “Overweight” rating on the stock. The consensus estimate for Reliance’s current full-year earnings is $16.98 per share.

Reliance (NYSE:RS) last posted its earnings results on Wednesday, October 22nd. The industrial products company reported $3.64 EPS for the quarter, missing the consensus estimate of $3.68 by ($0.04). Reliance had a return on equity of 10.37% and a net margin of 5.23%.The firm had revenue of $3.65 billion for the quarter, compared to the consensus estimate of $3.54 billion. During the same period in the prior year, the business earned $3.64 EPS. Reliance’s quarterly revenue was up 6.8% compared to the same quarter last year. Reliance has set its Q4 2025 guidance at 2.650-2.85 EPS.

A number of other research analysts also recently issued reports on RS. Weiss Ratings restated a “hold (c)” rating on shares of Reliance in a research note on Monday, December 29th. BMO Capital Markets cut their price target on shares of Reliance from $340.00 to $315.00 and set an “outperform” rating on the stock in a report on Friday, October 24th. Zacks Research downgraded shares of Reliance from a “hold” rating to a “strong sell” rating in a report on Monday. Wells Fargo & Company lifted their price objective on shares of Reliance from $284.00 to $287.00 and gave the stock an “equal weight” rating in a research report on Friday, November 14th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Reliance from $345.00 to $340.00 and set an “overweight” rating on the stock in a research note on Friday, December 5th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $317.25.

Reliance Stock Performance

Shares of RS opened at $308.29 on Friday. The stock has a 50 day moving average of $284.11 and a 200 day moving average of $291.78. The company has a market capitalization of $16.12 billion, a price-to-earnings ratio of 22.54, a PEG ratio of 1.54 and a beta of 0.92. Reliance has a 12 month low of $250.07 and a 12 month high of $347.43. The company has a current ratio of 4.43, a quick ratio of 2.08 and a debt-to-equity ratio of 0.19.

Hedge Funds Weigh In On Reliance

A number of large investors have recently made changes to their positions in RS. Private Trust Co. NA raised its stake in shares of Reliance by 417.6% during the 2nd quarter. Private Trust Co. NA now owns 88 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 71 shares during the period. Elevation Wealth Partners LLC purchased a new position in Reliance during the 4th quarter valued at about $28,000. Quarry LP purchased a new position in Reliance during the 3rd quarter valued at about $32,000. Guerra Advisors Inc bought a new stake in shares of Reliance during the third quarter valued at about $34,000. Finally, Root Financial Partners LLC purchased a new stake in shares of Reliance in the third quarter worth about $38,000. 79.26% of the stock is owned by institutional investors.

Insider Activity at Reliance

In related news, CEO Karla R. Lewis sold 5,809 shares of Reliance stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $283.50, for a total value of $1,646,851.50. Following the completion of the transaction, the chief executive officer directly owned 84,421 shares in the company, valued at approximately $23,933,353.50. The trade was a 6.44% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Stephen Paul Koch sold 3,066 shares of the business’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $283.56, for a total transaction of $869,394.96. Following the sale, the chief operating officer directly owned 14,021 shares in the company, valued at $3,975,794.76. The trade was a 17.94% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.35% of the company’s stock.

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.