Reliance Steel & Aluminum Co (NYSE: RS) has reported earnings for its second fiscal quarter (ending June 30) of $4.71 versus $6.56 for the same period a year ago — a decline of -28%. Relative to the consensus estimate of $4.73, this was a shortfall of $-0.02. For the latest four quarters through June 30, E.P.S. were $19.79 compared to $25.59 a year ago — a decline of -23%.
Recent Price Action
Reliance Steel & Aluminum Co (NYSE: RS) stock enjoyed a large increase of 4.9% on 7/25/24. The stock closed at $308.15. Moreover, trading volume in this advance was exceptionally high at 200% of normal. The stock has performed in line with the market over the last nine months and is unchanged during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, RS is expected to continue to be an important Value Builder.
Reliance Steel & Aluminum has a current Value Trend Rating of C (High Neutral). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Reliance Steel & Aluminum has a neutral Power Rating of 53 and a slightly positive Appreciation Score of 60, leading to the High Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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