What is Zacks Research’s Forecast for Reliance Q1 Earnings?

Reliance, Inc. (NYSE:RS) – Investment analysts at Zacks Research raised their Q1 2025 EPS estimates for Reliance in a research note issued on Tuesday, March 4th. Zacks Research analyst R. Department now forecasts that the industrial products company will earn $3.58 per share for the quarter, up from their previous forecast of $3.51. The consensus estimate for Reliance’s current full-year earnings is $16.98 per share. Zacks Research also issued estimates for Reliance’s Q2 2025 earnings at $3.91 EPS, Q3 2025 earnings at $3.96 EPS, FY2025 earnings at $15.17 EPS, FY2026 earnings at $18.25 EPS and FY2027 earnings at $20.60 EPS.

Several other research firms also recently issued reports on RS. The Goldman Sachs Group assumed coverage on Reliance in a report on Monday, December 2nd. They set a “neutral” rating and a $341.00 price objective on the stock. KeyCorp boosted their price objective on Reliance from $321.00 to $327.00 and gave the stock an “overweight” rating in a report on Monday, February 24th. Finally, Wolfe Research upgraded shares of Reliance from an “underperform” rating to a “peer perform” rating in a research report on Wednesday, January 8th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Reliance currently has an average rating of “Hold” and an average price target of $329.17.

Reliance Trading Up 0.7 %

RS opened at $283.18 on Thursday. Reliance has a 1-year low of $256.98 and a 1-year high of $342.20. The firm has a 50-day moving average price of $284.76 and a two-hundred day moving average price of $289.90. The stock has a market capitalization of $15.33 billion, a PE ratio of 18.34 and a beta of 0.91. The company has a current ratio of 3.21, a quick ratio of 1.58 and a debt-to-equity ratio of 0.10.

Reliance (NYSE:RS) last posted its earnings results on Wednesday, February 19th. The industrial products company reported $2.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.74 by ($0.52). Reliance had a net margin of 6.33% and a return on equity of 11.87%. The firm had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3.04 billion.

Reliance Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be paid a dividend of $1.20 per share. This is a positive change from Reliance’s previous quarterly dividend of $1.10. The ex-dividend date is Friday, March 7th. This represents a $4.80 annualized dividend and a yield of 1.70%. Reliance’s dividend payout ratio (DPR) is presently 31.09%.

Insider Buying and Selling

In other Reliance news, CEO Karla R. Lewis sold 31,136 shares of Reliance stock in a transaction dated 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 transaction, the chief executive officer now directly owns 90,230 shares in the company, valued at approximately $27,115,919.60. The trade was a 25.65 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.69% of the stock is owned by insiders.

Institutional Trading of Reliance

A number of large investors have recently bought and sold shares of RS. Toronto Dominion Bank lifted its holdings in shares of Reliance by 26.7% in the third quarter. Toronto Dominion Bank now owns 8,198 shares of the industrial products company’s stock valued at $2,371,000 after purchasing an additional 1,729 shares in the last quarter. Assetmark Inc. lifted its stake in Reliance by 24.2% in the 3rd quarter. Assetmark Inc. now owns 27,916 shares of the industrial products company’s stock valued at $8,074,000 after acquiring an additional 5,431 shares in the last quarter. Dearborn Partners LLC boosted its position in Reliance by 4.1% during the 3rd quarter. Dearborn Partners LLC now owns 86,406 shares of the industrial products company’s stock worth $24,989,000 after acquiring an additional 3,419 shares during the last quarter. Pure Financial Advisors LLC grew its stake in shares of Reliance by 232.9% during the 4th quarter. Pure Financial Advisors LLC now owns 9,281 shares of the industrial products company’s stock worth $2,499,000 after acquiring an additional 6,493 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Reliance by 1.3% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 127,806 shares of the industrial products company’s stock valued at $36,963,000 after purchasing an additional 1,696 shares during the last quarter. 79.26% of the stock is owned by institutional investors.

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.