Reliance Steel & Aluminum Co. (RS) Analysts See $0.98 EPS

January 17, 2018 - By Clifton Ray

 Reliance Steel & Aluminum Co. (RS) Analysts See $0.98 EPS
Investors sentiment decreased to 0.96 in Q3 2017. Its down 0.27, from 1.23 in 2017Q2. It turned 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.
Employees Retirement Systems Of Texas, a Texas-based fund reported 94,000 shares. 5,700 were accumulated by Capital Fund Mgmt. Quantbot Technologies L P has invested 0.03% in Reliance Steel & Aluminum Co. (NYSE:RS). Lord Abbett And Co Ltd holds 1.90M shares or 0.42% of its portfolio. Weaver C Barksdale And accumulated 656 shares or 0.06% of the stock. Robeco Institutional Asset Management Bv invested in 0.05% or 112,620 shares. Maryland-based Adams Natural Resource Fund has invested 0.4% in Reliance Steel & Aluminum Co. (NYSE:RS). Royal Retail Bank Of Canada reported 0.01% in Reliance Steel & Aluminum Co. (NYSE:RS). 14,327 were reported by Bluemountain Capital Management Limited Liability Corp. Timber Hill Ltd Com reported 2,947 shares. Bnp Paribas Arbitrage has 40,688 shares for 0.01% of their portfolio. Third Avenue Management Limited Liability holds 359,950 shares or 1.24% of its portfolio. Rdl Inc invested in 0.74% or 14,123 shares. Yorktown Research Inc owns 11,100 shares. Perigon Wealth Mngmt Lc accumulated 141 shares.

Since December 8, 2017, it had 0 insider purchases, 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 $71.45 million giving it 23.20 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. It closed at $90.93 lastly. It is down 0.13% since January 17, 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. On Wednesday, September 27 the stock rating was maintained by KeyBanc Capital Markets with “Buy”. Rosenblatt upgraded Reliance Steel & Aluminum Co. (NYSE:RS) on Thursday, April 28 to “Neutral” rating. The firm has “Buy” rating given on Tuesday, October 18 by Clarksons Platou. The firm has “Buy” rating given on Monday, December 5 by Deutsche Bank. On Wednesday, July 19 the stock rating was maintained by Jefferies with “Hold”. The firm has “Buy” rating by Cowen & Co given on Thursday, August 31. Deutsche Bank maintained the shares of RS in report on Friday, June 23 with “Buy” rating. On Friday, February 19 the stock rating was downgraded by Bank of America to “Neutral”. The stock of Reliance Steel & Aluminum Co. (NYSE:RS) has “Buy” rating given on Tuesday, September 8 by Bank of America. The firm has “Outperform” rating by Cowen & Co given on Friday, July 22.

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 news for Reliance Steel & Aluminum Co. (NYSE:RS) were recently published by: Benzinga.com, which released: “KeyBanc Issues Stronger Forecast For 3 Steel Names” on January 11, 2018. Zacks.com‘s article titled: “Reliance Steel (RS) Poised on Acquisitions, Strong Demand” and published on December 29, 2017 is yet another important article.

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