Reliance Steel & Aluminum Co (NYSE: RS) has reported earnings for its first fiscal quarter (ending March 31) of $5.28 versus $6.51 for the same period a year ago. For the latest four quarters through March 31, E.P.S. were $21.64 versus $28.32 for the same period a year ago.
Recent Price Action
Reliance Steel & Aluminum Co (NYSE: RS) stock closed at $292.13 on 4/25/24 after a large decline of -6.8%. Moreover, trading volume in this decline was exceptionally high at 344% of normal. The stock has declined -9.3% during the last week but has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, RS is expected to continue to be an important Value Builder.
Reliance Steel & Aluminum has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Reliance Steel & Aluminum has a neutral Appreciation Score of 55 but a good Power Rating of 84, leading to the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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