Reliance (NYSE:RS) Updates Q1 2025 Earnings Guidance

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

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Wolfe Research upgraded Reliance from an “underperform” rating to a “peer perform” rating in a research report on Wednesday, January 8th. The Goldman Sachs Group began coverage on shares of Reliance in a research report on Monday, December 2nd. They issued a “neutral” rating and a $341.00 target price for the company. BMO Capital Markets lowered their price target on shares of Reliance from $340.00 to $330.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Finally, KeyCorp cut their price objective on shares of Reliance from $325.00 to $321.00 and set an “overweight” rating for the company in a report on Wednesday, January 22nd. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $328.17.

Reliance Trading Down 1.9 %

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

Insider Transactions at Reliance

In related news, CEO Karla R. Lewis sold 3,892 shares of the 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 completion of the transaction, the chief executive officer now directly owns 85,117 shares in the company, valued at approximately $27,569,396.30. This represents a 4.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.69% of the company’s stock.

Reliance Company Profile

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.