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

January 20, 2018 - By Henry Gaston

 EPS for Reliance Steel & Aluminum Co. (RS) Expected At $0.98
Investors sentiment decreased to 0.96 in Q3 2017. Its down 0.27, from 1.23 in 2017Q2. It is negative, 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.
Sei Com reported 19,704 shares. Palo Cap holds 21,667 shares or 0.87% of its portfolio. Petrus Tru Lta stated it has 0.08% of its portfolio in Reliance Steel & Aluminum Co. (NYSE:RS). Rhumbline Advisers reported 0.02% in Reliance Steel & Aluminum Co. (NYSE:RS). Cubist Systematic Strategies Limited Liability Co has invested 0.01% in Reliance Steel & Aluminum Co. (NYSE:RS). Bancorp Of America Corp De accumulated 433,056 shares. Ls Advisors Limited reported 0.03% stake. 14,970 are held by Teachers Retirement Systems Of The State Of Kentucky. Moreover, Smith Graham & Co Invest Advsr L P has 0.42% invested in Reliance Steel & Aluminum Co. (NYSE:RS) for 52,070 shares. Moreover, Thompson Davis & Communications Inc has 0.01% invested in Reliance Steel & Aluminum Co. (NYSE:RS) for 91 shares. Lsv Asset invested in 0.11% or 846,078 shares. Mackenzie Fincl Corporation accumulated 0.08% or 186,268 shares. Dimensional Fund Advsrs L P reported 2.54M shares. Matarin Capital Management Ltd Liability Company owns 0.07% invested in Reliance Steel & Aluminum Co. (NYSE:RS) for 10,892 shares. Prelude Cap Mngmt Ltd Liability holds 0% or 400 shares in its portfolio.

Since December 8, 2017, it had 0 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 $71.46 million giving it 23.19 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 0.29% or $0.26 during the last trading session, reaching $90.91. About 275,757 shares traded. Reliance Steel & Aluminum Co. (NYSE:RS) has risen 0.13% since January 21, 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. KeyBanc Capital Markets maintained Reliance Steel & Aluminum Co. (NYSE:RS) on Wednesday, September 27 with “Buy” rating. The company was maintained on Tuesday, December 5 by KeyBanc Capital Markets. The firm earned “Buy” rating on Friday, June 23 by Deutsche Bank. The firm has “Buy” rating by Cowen & Co given on Thursday, August 31. The rating was downgraded by Jefferies to “Hold” on Monday, March 21. The firm earned “Buy” rating on Tuesday, May 23 by Bank of America. As per Friday, July 22, the company rating was maintained by Cowen & Co. Macquarie Research upgraded the stock to “Outperform” rating in Tuesday, March 14 report. The firm has “Buy” rating by KeyBanc Capital Markets given on Monday, September 18. The firm has “Hold” rating by Jefferies given on Thursday, July 6.

Reliance Steel & Aluminum Co. operates as a metals service center company. The company has market cap of $6.63 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 17.89 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: Globenewswire.com which released: “Reliance Steel & Aluminum Co. Announces Upcoming Conference Participation” on November 22, 2017, also Benzinga.com with their article: “KeyBanc Issues Stronger Forecast For 3 Steel Names” published on January 11, 2018, Globenewswire.com published: “Reliance Steel & Aluminum Co. Completes Acquisition of Ferguson Perforating …” on October 03, 2017. 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 Globenewswire.com‘s news article titled: “Reliance Steel & Aluminum Co. Provides Update on Hurricane Harvey Impact” with publication date: September 08, 2017.

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