Reliance Steel & Aluminum Co. (RS) EPS Estimated At $0.98

January 23, 2018 - By Louis Casey

 Reliance Steel & Aluminum Co. (RS) EPS Estimated At $0.98
Investors sentiment decreased to 0.96 in Q3 2017. Its down 0.27, from 1.23 in 2017Q2. It dropped, as 32 investors sold Reliance Steel & Aluminum Co. shares while 105 reduced holdings. 31 funds opened positions while 101 raised stakes. 59.07 million shares or 1.45% less from 59.94 million shares in 2017Q2 were reported.
Oregon Public Employees Retirement Fund holds 26,868 shares or 0.03% of its portfolio. Adams Natural Resources Fund Inc invested 0.4% of its portfolio in Reliance Steel & Aluminum Co. (NYSE:RS). 19,064 were reported by Liberty Mutual Gru Asset Management. Fil has 0.01% invested in Reliance Steel & Aluminum Co. (NYSE:RS) for 44,441 shares. Northwestern Mutual Wealth Com has 122 shares for 0% of their portfolio. Citigroup stated it has 108,974 shares or 0.01% of all its holdings. Prudential Plc owns 327,300 shares. Asset Mngmt owns 0.01% invested in Reliance Steel & Aluminum Co. (NYSE:RS) for 8,302 shares. The South Africa-based Old Mutual Customised Solutions (Proprietary) has invested 0.02% in Reliance Steel & Aluminum Co. (NYSE:RS). Credit Suisse Ag holds 0.01% or 93,475 shares in its portfolio. Weaver C Barksdale And Assocs has 656 shares. Toronto Dominion Savings Bank stated it has 0% of its portfolio in Reliance Steel & Aluminum Co. (NYSE:RS). Loomis Sayles And Lp holds 0.02% or 141,222 shares. Cooke Bieler Lp accumulated 0.6% or 425,885 shares. Bnp Paribas Arbitrage Sa holds 40,688 shares.

Since December 8, 2017, it had 0 insider buys, and 1 insider sale for $92,861 activity.

Analysts expect Reliance Steel & Aluminum Co. (NYSE:RS) to report $0.98 EPS on February, 15.They anticipate $0.14 EPS change or 16.67 % from last quarter’s $0.84 EPS. RS’s profit would be $71.46M giving it 23.11 P/E if the $0.98 EPS is correct. After having $1.30 EPS previously, Reliance Steel & Aluminum Co.’s analysts see -24.62 % EPS growth. The stock decreased 0.56% or $0.51 during the last trading session, reaching $90.6. About 391,715 shares traded. Reliance Steel & Aluminum Co. (NYSE:RS) has risen 0.13% since January 24, 2017 and is uptrending. It has underperformed by 16.57% the S&P500.

Reliance Steel & Aluminum Co. (NYSE:RS) Ratings Coverage

Among 9 analysts covering Reliance Steel (NYSE:RS), 6 have Buy rating, 0 Sell and 3 Hold. Therefore 67% are positive. Reliance Steel had 35 analyst reports since September 8, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Wednesday, July 19 by Jefferies. The rating was maintained by KeyBanc Capital Markets on Wednesday, January 10 with “Buy”. The stock has “Buy” rating by Deutsche Bank on Monday, December 5. On Tuesday, September 8 the stock rating was upgraded by Bank of America to “Buy”. As per Monday, March 21, the company rating was downgraded by Jefferies. The stock has “Buy” rating by KeyBanc Capital Markets on Tuesday, December 5. Cowen & Co maintained the shares of RS in report on Friday, November 3 with “Buy” rating. Bank of America maintained it with “Buy” rating and $97.0 target in Monday, January 8 report. Deutsche Bank downgraded the stock to “Hold” rating in Wednesday, March 23 report. Jefferies maintained the shares of RS in report on Wednesday, October 4 with “Hold” rating.

Reliance Steel & Aluminum Co. operates as a metals service center company. The company has market cap of $6.61 billion. The firm provides metals processing services and distributes a line of approximately 100,000 metal products, including alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium, and specialty steel products. It has a 17.83 P/E ratio. The Company’s primary processing services comprise cutting, leveling, sawing, machining, and electro polishing.

More notable recent Reliance Steel & Aluminum Co. (NYSE:RS) news were published by: Seekingalpha.com which released: “Reliance Steel & Aluminum’s (RS) CEO Gregg Mollins on Q3 2017 Results …” on October 26, 2017, also Nasdaq.com with their article: “Should Value Investors Pick Reliance Steel & Aluminum Stock?” published on January 23, 2018, Benzinga.com published: “KeyBanc Issues Stronger Forecast For 3 Steel Names” on January 11, 2018. More interesting news about Reliance Steel & Aluminum Co. (NYSE:RS) were released by: Nasdaq.com and their article: “Reliance Steel & Aluminum Co. (RS) Ex-Dividend Date Scheduled for November 16 …” published on November 15, 2017 as well as Nasdaq.com‘s news article titled: “Reliance Steel Hits New 52-Week High: What’s Driving It?” with publication date: January 08, 2018.

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