Q3 Earnings Forecast for Reliance Issued By Seaport Res Ptn

Reliance, Inc. (NYSE:RS) – Seaport Res Ptn issued their Q3 2026 earnings estimates for shares of Reliance in a note issued to investors on Thursday, February 20th. Seaport Res Ptn analyst M. Englert forecasts that the industrial products company will earn $4.77 per share for the quarter. The consensus estimate for Reliance’s current full-year earnings is $16.98 per share.

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

RS has been the topic of several other research reports. Wolfe Research raised shares of Reliance from an “underperform” rating to a “peer perform” rating in a research report on Wednesday, January 8th. KeyCorp lifted their target price on shares of Reliance from $321.00 to $327.00 and gave the stock an “overweight” rating in a research report on Monday. Finally, The Goldman Sachs Group assumed coverage on shares of Reliance in a research note on Monday, December 2nd. They set a “neutral” rating and a $341.00 price target for the company. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Reliance has a consensus rating of “Hold” and an average price target of $329.17.

Reliance Price Performance

Shares of NYSE RS opened at $299.55 on Monday. Reliance has a fifty-two week low of $256.98 and a fifty-two week high of $342.20. The firm’s 50-day simple moving average is $282.16 and its 200 day simple moving average is $289.46. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.58 and a current ratio of 3.21. The stock has a market cap of $16.21 billion, a price-to-earnings ratio of 19.40 and a beta of 0.90.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Quent Capital LLC lifted its stake in 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 purchasing an additional 37 shares during the last quarter. Johnson Investment Counsel Inc. increased its position in shares of Reliance by 0.4% in the fourth quarter. Johnson Investment Counsel Inc. now owns 11,149 shares of the industrial products company’s stock valued at $3,002,000 after acquiring an additional 39 shares during the period. Townsquare Capital LLC increased its position 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 acquiring an additional 40 shares during the period. Forum Financial Management LP increased its position in shares of Reliance by 2.8% in the fourth quarter. Forum Financial Management LP now owns 1,619 shares of the industrial products company’s stock valued at $436,000 after acquiring an additional 44 shares during the period. Finally, Lido Advisors LLC increased its position in shares of Reliance by 4.9% in 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. 79.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Reliance

In other news, CEO Karla R. Lewis sold 3,892 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $323.90, for a total transaction 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 $27,569,396.30. The trade was a 4.37 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.69% of the stock is owned by company insiders.

Reliance Increases Dividend

The firm 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 $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 1.60%. This is a positive change from Reliance’s previous quarterly dividend of $1.10. The ex-dividend date is Friday, March 7th. Reliance’s payout ratio is currently 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.