Reliance Steel & Aluminum Co (NYSE: RS) has reported earnings for its third fiscal quarter (ending September 30) of $3.64 versus $5.05 for the same period a year ago — a decline of -28%. For the latest four quarters through September 30, E.P.S. were $18.43 versus $24.10 for the same period a year ago — a decline of -24%.
Recent Price Action
Reliance Steel & Aluminum Co (NYSE: RS) stock enjoyed a large increase of 4.0% on 10/24/24. The stock closed at $293.80. Moreover, unusually high trading volume at 194% of normal accompanied the advance. The stock has been weak relative to the market over the last nine months but has risen 0.5% 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 (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. Reliance Steel & Aluminum has a slightly positive Appreciation Score of 64 but a slightly negative Power Rating of 35, with the Neutral Value Trend Rating the result.
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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