Reliance (NYSE:RS – Get Free Report) updated its fourth quarter earnings guidance on Thursday. The company provided EPS guidance of $2.65 to $2.85 for the period, compared to the consensus EPS estimate of $3.40. Reliance also updated its Q4 2024 guidance to 2.650-2.850 EPS.
Reliance Stock Down 1.6 %
Shares of Reliance stock opened at $282.63 on Thursday. The stock has a market capitalization of $15.55 billion, a P/E ratio of 14.43 and a beta of 0.85. The company has a quick ratio of 2.43, a current ratio of 5.02 and a debt-to-equity ratio of 0.15. The stock has a 50 day moving average price of $283.40 and a two-hundred day moving average price of $291.54. Reliance has a 12-month low of $237.14 and a 12-month high of $342.20.
Reliance (NYSE:RS – Get Free Report) last announced its earnings results on Thursday, October 24th. The industrial products company reported $3.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.66 by ($0.02). The company had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $3.38 billion. Reliance had a return on equity of 14.73% and a net margin of 7.99%. The firm’s revenue for the quarter was down 5.6% compared to the same quarter last year. During the same period in the previous year, the company earned $5.00 EPS. Equities analysts expect that Reliance will post 17.16 earnings per share for the current year.
Analyst Upgrades and Downgrades
View Our Latest Stock Analysis on RS
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.
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