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

Reliance, Inc. (NYSE:RS) – Equities researchers at Zacks Research increased their Q1 2025 EPS estimates for Reliance in a note issued to investors on Tuesday, March 4th. Zacks Research analyst R. Department now expects that the industrial products company will post earnings of $3.58 per share for the quarter, up from their prior 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.

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

Several other research analysts have also recently commented on the company. The Goldman Sachs Group started coverage on Reliance in a research note on Monday, December 2nd. They issued a “neutral” rating and a $341.00 price target on the stock. KeyCorp increased their price objective on Reliance from $321.00 to $327.00 and gave the company an “overweight” rating in a research 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 company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $329.17.

Reliance Stock Performance

Shares of NYSE:RS opened at $283.18 on Thursday. The business’s 50-day simple moving average is $284.76 and its 200 day simple moving average is $289.90. The company has a market cap of $15.33 billion, a P/E ratio of 18.34 and a beta of 0.91. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.58 and a current ratio of 3.21. Reliance has a one year low of $256.98 and a one year high of $342.20.

Institutional Trading of Reliance

Several hedge funds have recently added to or reduced their stakes in the business. Quent Capital LLC grew its stake in shares of Reliance by 4.1% in the fourth quarter. Quent Capital LLC now owns 941 shares of the industrial products company’s stock worth $253,000 after acquiring an additional 37 shares during the last quarter. Johnson Investment Counsel Inc. increased its holdings in shares of Reliance by 0.4% during the 4th quarter. Johnson Investment Counsel Inc. now owns 11,149 shares of the industrial products company’s stock worth $3,002,000 after purchasing an additional 39 shares during the period. Townsquare Capital LLC lifted its stake in shares of Reliance by 3.1% in the fourth quarter. Townsquare Capital LLC now owns 1,342 shares of the industrial products company’s stock valued at $361,000 after buying an additional 40 shares during the period. Forum Financial Management LP grew its position in Reliance by 2.8% during the fourth quarter. Forum Financial Management LP now owns 1,619 shares of the industrial products company’s stock worth $436,000 after buying an additional 44 shares in the last quarter. Finally, Lido Advisors LLC increased its stake in Reliance by 4.9% during the fourth quarter. Lido Advisors LLC now owns 998 shares of the industrial products company’s stock valued at $269,000 after acquiring an additional 47 shares during the period. Institutional investors own 79.26% of the company’s stock.

Insiders Place Their Bets

In other Reliance news, CEO Karla R. Lewis sold 31,136 shares of the company’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $300.52, for a total transaction of $9,356,990.72. Following the completion of the sale, the chief executive officer now directly owns 90,230 shares in the company, valued at $27,115,919.60. This represents a 25.65 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.69% of the company’s stock.

Reliance Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be issued a $1.20 dividend. This is a positive change from Reliance’s previous quarterly dividend of $1.10. This represents a $4.80 annualized dividend and a yield of 1.70%. The ex-dividend date of this dividend is Friday, March 7th. Reliance’s payout ratio is 31.09%.

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.