Home Markets Earnings Estimate Forecast on Reliance Steel & Aluminum Co.(RS)

Earnings Estimate Forecast on Reliance Steel & Aluminum Co.(RS)


Reliance Steel & Aluminum Co.(RS): For the most recent quarter end, Reliance Steel & Aluminum Co. reported Annual Earnings of $0.84. Based on the filings, last years Annual Earnings was, $4.48. For the most recent quarter end, RS reported a surprise Earnings per Share of 12% . The consensus estimate for current quarter is $1.38 and for the current fiscal year, the estimate is $5.49. For the Next fiscal year, the estimate is $6.06 based on the consensus. Los Angeles based Reliance Steel & Aluminum Co. Last reported the Quarter results on Dec 31, 2016 and the Next earnings date is scheduled to be released on Apr 27, 2017.

Reliance Steel & Aluminum Co. has received $1.38 as the consensus Earnings Estimate for the Quarter ending on Mar 2017 ,According to the estimate provided by 5 Financial Advisor in the Stock Trading Firms. Among 5 Analysts, Bottom line EPS Estimate for the current quarter is $1.33 while the top line estimate is $1.5 , a key information to consider for Day Trading and investing in stocks. The EPS growth rate is projected at 34.17%. Reliance Steel & Aluminum Co. reported better than expected with a surprise EPS of 12% or $0.09 during its most recent quarterly earnings. The Actual EPS was $0.84 compared to the Estimated EPS of $0.75. According to the corporate earnings calendar, Reliance Steel & Aluminum Co. will release next earnings on Apr 27, 2017 with an estimated EPS consensus of $1.38. Based on the consensus of stock financial advisors the stock has a price target of $85.44. Current year estimate on EPS consensus is $5.49. The Estimated EPS rate for Long term growth is $9.

Reliance Steel & Aluminum Co. has a Price to Earnings ratio of 19.56 for the trailing twelve month period. The price to book ratio of the company for the most recent quarter is 1.52. For the Most Recent Fiscal Year, Reliance Steel & Aluminum Co. has a price to cash ratio of 11.57. For the Trailing twelve month period, company showed a Net Profit Margin of 3.53% and Return on Equity of the stock is 7.94%.

For Dividend Investing Stock Market Traders Reliance Steel & Aluminum Co. has a Dividend Yield of 1.94% with an Annual Dividend of $1.7. It has a Payout Ratio of 0.38 and the change in Dividend payout ratio is 0.09.

Reliance Steel & Aluminum Co Last issued its quarterly earnings results on Feb 16, 2017. The company reported $0.84 EPS for the quarter, beating the analyst consensus estimate by $ 0.10. Analyst had a consensus of $0.74. The company had revenue of $2061.60 million for the quarter, compared to analysts expectations of $2024.24 million. The companys revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.87 EPS.

Company has reported several Insider transactions to the SEC, on Dec 9, 2016, Gregg J Mollins (President & CEO) sold 10,000 shares at 86.79 per share price.On Dec 9, 2016, Karla R Lewis (Sr. EVP & CFO) sold 40,000 shares at 86.18 per share price.On Dec 9, 2016, James Donald Hoffman (EVP, Chief Operating Officer) sold 5,000 shares at 86.57 per share price.

Reliance Steel & Aluminum Co. (NYSE:RS) witnessed a decline in the market cap on Wednesday as its shares dropped 1.13% or 0.99 points. After the session commenced at $87.04, the stock reached the higher end at $87.495 while it hit a low of $85.54. With the volume soaring to 625,308 shares, the last trade was called at $86.63. The company has a 52-week high of $88.58. The company has a market cap of $6,297 million and there are 72,682,793 shares in outstanding. The 52-week low of the share price is $58.06.

Reliance Steel & Aluminum Co. is one of the largest metals service center companies in the United States. Through a network of metals service centers, the company provides value-added materials management and metals processing services and distributes a full line of metal products, including carbon, alloy, stainless and specialty steel, aluminum, brass and copper products to customers in a broad range of industries. Some of these metals service centers provide processing services for specialty metals only.



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