Reliance (NYSE:RS) Updates Q1 2025 Earnings Guidance

Reliance (NYSE:RS) issued an update on its first quarter 2025 earnings guidance on Wednesday morning. The company provided EPS guidance of 3.300-3.500 for the period, compared to the consensus EPS estimate of 3.610. The company issued revenue guidance of -.

Analyst Ratings Changes

RS has been the topic of several analyst reports. KeyCorp reduced their price objective on Reliance from $325.00 to $321.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 22nd. The Goldman Sachs Group initiated coverage on shares of Reliance in a research report on Monday, December 2nd. They set a “neutral” rating and a $341.00 price objective for the company. BMO Capital Markets lowered their target price on shares of Reliance from $340.00 to $330.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Finally, Wolfe Research upgraded shares of Reliance from an “underperform” rating to a “peer perform” rating in a research note on Wednesday, January 8th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $328.17.

Reliance Stock Performance

Shares of RS traded down $5.61 during mid-day trading on Wednesday, reaching $293.77. 530,704 shares of the company’s stock were exchanged, compared to its average volume of 411,763. The business’s fifty day simple moving average is $281.97 and its 200-day simple moving average is $289.04. Reliance has a 52-week low of $256.98 and a 52-week high of $342.20. The stock has a market capitalization of $15.90 billion, a PE ratio of 16.13 and a beta of 0.91. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.31 and a quick ratio of 1.58.

Insider Buying and Selling at Reliance

In other news, CEO Karla R. Lewis sold 3,892 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $323.90, for a total value of $1,260,618.80. Following the transaction, the chief executive officer now owns 85,117 shares of the company’s stock, valued at approximately $27,569,396.30. The trade was a 4.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.69% of the stock is currently owned by company insiders.

About Reliance

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.