What is Seaport Res Ptn’s Estimate for Reliance Q3 Earnings?

Reliance, Inc. (NYSE:RS) – Analysts at Seaport Res Ptn issued their Q3 2026 earnings per share estimates for Reliance in a report released on Thursday, February 20th. Seaport Res Ptn analyst M. Englert anticipates that the industrial products company will post earnings of $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 posted its quarterly earnings results on Wednesday, February 19th. The industrial products company reported $2.22 EPS for the quarter, missing the consensus estimate of $2.74 by ($0.52). Reliance had a return on equity of 11.87% and a net margin of 6.33%. The company had revenue of $3.13 billion for the quarter, compared to analysts’ expectations of $3.04 billion.

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

Reliance Price Performance

Shares of RS stock opened at $296.22 on Monday. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.21 and a quick ratio of 1.58. The company has a market capitalization of $16.03 billion, a PE ratio of 19.19 and a beta of 0.90. The firm’s 50-day moving average is $282.48 and its two-hundred day moving average is $289.55. Reliance has a 12 month low of $256.98 and a 12 month high of $342.20.

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 represents a $4.80 annualized dividend and a yield of 1.62%. The ex-dividend date is Friday, March 7th. This is an increase from Reliance’s previous quarterly dividend of $1.10. Reliance’s dividend payout ratio (DPR) is 31.09%.

Insider Buying and Selling at Reliance

In other Reliance news, CEO Karla R. Lewis sold 3,892 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 85,117 shares in the company, valued at $27,569,396.30. This represents a 4.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.69% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in RS. Price T Rowe Associates Inc. MD lifted its holdings in Reliance by 9.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,709,737 shares of the industrial products company’s stock worth $998,886,000 after buying an additional 319,576 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Reliance by 10.4% during the fourth quarter. Wellington Management Group LLP now owns 1,479,542 shares of the industrial products company’s stock worth $398,381,000 after acquiring an additional 138,866 shares during the period. First Trust Advisors LP raised its stake in shares of Reliance by 15.5% in the fourth quarter. First Trust Advisors LP now owns 1,382,916 shares of the industrial products company’s stock valued at $372,364,000 after acquiring an additional 185,873 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in Reliance by 6,311.2% in the fourth quarter. Pacer Advisors Inc. now owns 816,465 shares of the industrial products company’s stock valued at $219,841,000 after purchasing an additional 803,730 shares during the period. Finally, Principal Financial Group Inc. grew its stake in Reliance by 53.5% during the 4th quarter. Principal Financial Group Inc. now owns 725,685 shares of the industrial products company’s stock worth $195,402,000 after purchasing an additional 252,955 shares in the last quarter. Institutional investors and hedge funds own 79.26% 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.