Reliance Steel & Aluminum Co. (NYSE:RS) declared a quarterly dividend on Thursday, July 25th, AnalystRatings.Net reports. Shareholders of record on Friday, August 16th will be given a dividend of $0.33 per share on Friday, September 13th. This represents a $1.32 dividend on an annualized basis and a yield of 1.88%.
Several analysts have recently commented on the stock. Analysts at Credit Suisse initiated coverage on shares of Reliance Steel & Aluminum Co. in a research note to investors on Monday, July 8th. They set an “outperform” rating and a $82.00 price target on the stock. On the ratings front, analysts at Zacks downgraded shares of Reliance Steel & Aluminum Co. from a “neutral” rating to an “underperform” rating in a research note to investors on Tuesday, July 2nd. They now have a $60.00 price target on the stock. Finally, analysts at Topeka Capital Markets initiated coverage on shares of Reliance Steel & Aluminum Co. in a research note to investors on Wednesday, June 12th. They set a “hold” rating and a $70.00 price target on the stock.
One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $72.67.
Shares of Reliance Steel & Aluminum Co. (NYSE: RS) traded down 0.67% during mid-day trading on Friday, hitting $69.61. Reliance Steel & Aluminum Co. has a one year low of $48.06 and a one year high of $72.90. The stock’s 50-day moving average is currently $66.3. The company has a market cap of $5.338 billion and a P/E ratio of 14.36.
Reliance Steel & Aluminum Co. (NYSE:RS) last announced its earnings results on Thursday, July 25th. The company reported $1.14 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.19 by $0.05. The company had revenue of $2.45 million for the quarter, compared to the consensus estimate of $2.48 million. During the same quarter in the prior year, the company posted $1.44 earnings per share. The company’s quarterly revenue was up 10.8% on a year-over-year basis. Reliance Steel & Aluminum Co. has set its Q3 guidance at $1.15-1.25 EPS. On average, analysts predict that Reliance Steel & Aluminum Co. will post $4.93 earnings per share for the current fiscal year.
Reliance Steel & Aluminum Co (NYSE: RS) is the metals service center company in North America (United States and Canada).