FY2026 Earnings Forecast for Reliance Issued By KeyCorp

Reliance, Inc. (NYSE:RS) – Analysts at KeyCorp issued their FY2026 earnings per share estimates for Reliance in a research report issued on Tuesday, June 23rd. KeyCorp analyst S. Mckinney expects that the industrial products company will earn $19.75 per share for the year. KeyCorp has a “Overweight” rating and a $418.00 price objective on the stock. The consensus estimate for Reliance’s current full-year earnings is $19.14 per share.

RS has been the subject of several other research reports. JPMorgan Chase & Co. raised their price objective on shares of Reliance from $345.00 to $378.00 and gave the company a “neutral” rating in a research note on Wednesday, June 10th. Wells Fargo & Company raised their price target on shares of Reliance from $343.00 to $376.00 and gave the company an “equal weight” rating in a research report on Thursday, June 4th. Bank of America downgraded shares of Reliance from a “neutral” rating to an “underperform” rating and set a $365.00 price target for the company. in a research note on Thursday, April 30th. Wall Street Zen raised Reliance from a “hold” rating to a “buy” rating in a research report on Saturday, April 11th. Finally, Weiss Ratings upgraded Reliance from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, May 18th. Two equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Reliance has a consensus rating of “Hold” and a consensus price target of $364.50.

Reliance Stock Performance

Shares of Reliance stock opened at $404.33 on Friday. The stock has a market capitalization of $20.64 billion, a price-to-earnings ratio of 26.38, a price-to-earnings-growth ratio of 1.23 and a beta of 0.95. The company has a debt-to-equity ratio of 0.24, a current ratio of 4.39 and a quick ratio of 2.24. The business has a 50-day moving average of $374.61 and a 200 day moving average of $334.07. Reliance has a 12 month low of $260.31 and a 12 month high of $419.83.

Reliance (NYSE:RS) last posted its quarterly earnings data on Wednesday, April 22nd. The industrial products company reported $5.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.63 by $0.53. Reliance had a return on equity of 11.37% and a net margin of 5.42%.The firm had revenue of $4.03 billion for the quarter, compared to the consensus estimate of $3.89 billion. During the same quarter in the previous year, the business earned $3.77 EPS. The company’s quarterly revenue was up 15.1% compared to the same quarter last year. Reliance has set its Q2 2026 guidance at 5.150-5.350 EPS.

Reliance Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 22nd were given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, May 22nd. Reliance’s dividend payout ratio (DPR) is 32.62%.

Insiders Place Their Bets

In related news, CFO Arthur Ajemyan sold 3,500 shares of the business’s stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $358.12, for a total transaction of $1,253,420.00. Following the completion of the sale, the chief financial officer owned 16,840 shares in the company, valued at $6,030,740.80. The trade was a 17.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.40% of the stock is currently owned by insiders.

Institutional Trading of Reliance

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RS. Parallel Advisors LLC lifted its position in shares of Reliance by 1.7% during the 1st quarter. Parallel Advisors LLC now owns 1,908 shares of the industrial products company’s stock worth $580,000 after buying an additional 31 shares during the last quarter. Venturi Wealth Management LLC grew its position in shares of Reliance by 0.9% in the 1st quarter. Venturi Wealth Management LLC now owns 3,979 shares of the industrial products company’s stock valued at $1,209,000 after buying an additional 34 shares during the last quarter. First Citizens Bank & Trust Co. grew its position in shares of Reliance by 1.7% in the 4th quarter. First Citizens Bank & Trust Co. now owns 2,036 shares of the industrial products company’s stock valued at $588,000 after buying an additional 35 shares during the last quarter. Kathmere Capital Management LLC raised its stake in Reliance by 4.9% during the 4th quarter. Kathmere Capital Management LLC now owns 786 shares of the industrial products company’s stock worth $227,000 after acquiring an additional 37 shares in the last quarter. Finally, Choreo LLC lifted its position in Reliance by 2.9% in the third quarter. Choreo LLC now owns 1,366 shares of the industrial products company’s stock valued at $383,000 after acquiring an additional 39 shares during the last quarter. Institutional investors and hedge funds own 79.26% of the company’s stock.

About Reliance

Reliance Steel & Aluminum Co (NYSE: RS) is a leading metals service center company that distributes and processes a broad array of metal products. The company offers cut-to-length, shearing, blanking, sawing, bending, machining and value-added services for carbon and alloy steel, stainless steel, aluminum, brass, titanium and specialty metal alloys. Its products serve diverse end markets, including energy, infrastructure, general manufacturing, transportation, aerospace and defense.

Founded in 1939 in Los Angeles, Reliance Steel & Aluminum has grown through a combination of organic expansion and strategic acquisitions.