Somewhat Positive News Coverage Somewhat Unlikely to Affect Reliance Steel & Aluminum (RS) Share Price
News headlines about Reliance Steel & Aluminum (NYSE:RS) have been trending somewhat positive this week, according to Accern Sentiment. Accern identifies negative and positive media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Reliance Steel & Aluminum earned a coverage optimism score of 0.22 on Accern’s scale. Accern also gave headlines about the industrial products company an impact score of 46.3107282831498 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news headlines that may have effected Accern’s analysis:
- Reliance Steel & Aluminum (RS) Upgraded at ValuEngine (americanbankingnews.com)
- Active-Investors: Free Research Report as Reliance Steel & Aluminum’s Revenue Climbed 12.1% and Earnings Soared 96.6% (finanznachrichten.de)
- Analysts Anticipate Reliance Steel & Aluminum Co. (RS) Will Post Quarterly Sales of $2.29 Billion (americanbankingnews.com)
- ETFs with exposure to Reliance Steel & Aluminum Co. : November 30, 2017 (finance.yahoo.com)
- Reliance Steel & Aluminum Co. (RS) Given Average Rating of “Hold” by Brokerages (americanbankingnews.com)
RS has been the topic of several research analyst reports. Clarkson Capital reaffirmed a “buy” rating on shares of Reliance Steel & Aluminum in a research note on Wednesday, November 15th. Cowen reaffirmed a “buy” rating and set a $92.00 price objective on shares of Reliance Steel & Aluminum in a research note on Friday, September 1st. ValuEngine cut shares of Reliance Steel & Aluminum from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Zacks Investment Research raised shares of Reliance Steel & Aluminum from a “hold” rating to a “buy” rating and set a $86.00 price objective on the stock in a research note on Monday, October 16th. Finally, Bank of America reaffirmed a “buy” rating and set a $89.00 price objective (up from $88.00) on shares of Reliance Steel & Aluminum in a research note on Tuesday, September 5th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $79.83.
Shares of Reliance Steel & Aluminum (NYSE RS) traded up $0.72 during trading on Wednesday, reaching $81.20. 435,151 shares of the company’s stock traded hands, compared to its average volume of 494,126. The company has a debt-to-equity ratio of 0.43, a current ratio of 4.06 and a quick ratio of 1.79. The company has a market capitalization of $5,951.35, a PE ratio of 16.13, a price-to-earnings-growth ratio of 1.74 and a beta of 1.29. Reliance Steel & Aluminum has a 1 year low of $68.46 and a 1 year high of $88.58.
Reliance Steel & Aluminum (NYSE:RS) last issued its quarterly earnings data on Thursday, October 26th. The industrial products company reported $1.30 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.19 by $0.11. The firm had revenue of $2.45 billion for the quarter. Reliance Steel & Aluminum had a net margin of 3.97% and a return on equity of 8.61%. Reliance Steel & Aluminum’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.25 earnings per share. equities analysts expect that Reliance Steel & Aluminum will post 5.21 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 17th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.22%. Reliance Steel & Aluminum’s payout ratio is 35.43%.
Reliance Steel & Aluminum Company Profile
Reliance Steel & Aluminum Co is a metals service center company in North America (the United States and Canada). As of December 31, 2016, the Company’s network of metals service centers operated over 300 locations in 39 states in the United States and in 12 other countries (Australia, Belgium, Canada, China, France, Malaysia, Mexico, Singapore, South Korea, Turkey, the United Arab Emirates and the United Kingdom).
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