Reliance Steel Aluminum Stock Analysis
RS Stock | USD 334.18 2.72 0.81% |
Reliance Steel Aluminum is overvalued with Real Value of 240.61 and Target Price of 293.0. The main objective of Reliance Steel stock analysis is to determine its intrinsic value, which is an estimate of what Reliance Steel Aluminum is worth, separate from its market price. There are two main types of Reliance Steel's stock analysis: fundamental analysis and technical analysis. Fundamental analysis focuses on the financial and economic factors that affect Reliance Steel's performance, such as revenue growth, earnings, and financial stability. Technical analysis, on the other hand, focuses on the price and volume data of Reliance Steel's stock to identify patterns and trends that may indicate its future price movements.
The Reliance Steel stock is traded in the USA on New York Stock Exchange, with the market opening at 09:30:00 and closing at 16:00:00 every Mon,Tue,Wed,Thu,Fri except for officially observed holidays in the USA. Reliance Steel is usually not traded on Thanksgiving Day, Christmas Day, New Year 's Day, Dr . Martin Luther King Jr 's Birthday, Washington 's Birthday, Good Friday, Memorial Day, Juneteenth Holiday, Independence Day, Labour Day. Reliance Stock trading window is adjusted to America/New York timezone. Here, you can get updates on important government artifacts, including earning estimates, SEC corporate filings, announcements, and Reliance Steel's ongoing operational relationships across important fundamental and technical indicators.
Reliance |
Reliance Stock Analysis Notes
About 81.0% of the company shares are owned by institutional investors. The book value of Reliance Steel was at this time reported as 134.84. The company has Price/Earnings To Growth (PEG) ratio of 1.2. Reliance Steel Aluminum recorded earning per share (EPS) of 22.64. The entity last dividend was issued on the 7th of March 2024. The firm had 2:1 split on the 20th of July 2006. Reliance Steel Aluminum Co. operates as a diversified metal solutions provider and the metals service center company in the United States, Canada, and internationally. The company was founded in 19 and is headquartered in Los Angeles, California. Reliance Steel operates under Steel classification in the United States and is traded on New York Stock Exchange. It employs 13700 people. To find out more about Reliance Steel Aluminum contact Gregg Mollins at 480 564 5700 or learn more at https://www.rsac.com.Reliance Steel Quarterly Total Revenue |
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Reliance Steel Aluminum Investment Alerts
Many investors view ongoing market volatility as an opportunity to purchase more stocks at a favorable price or short it to generate a bearish trend profit opportunity. If you are one of those investors, make sure you clearly understand the position you are entering. Reliance Steel's investment alerts are automatically generated signals that are significant enough to either complement your investing judgment regarding Reliance Steel Aluminum or challenge it. These alerts can help you understand what you are buying and avoid costly mistakes.
Over 81.0% of the company shares are owned by institutional investors | |
On 22nd of March 2024 Reliance Steel paid $ 1.1 per share dividend to its current shareholders | |
Latest headline from prnewswire.com: Acquisition by Douglas Stotlar of 615 shares of Reliance Steel subject to Rule 16b-3 |
Reliance Steel Aluminum Upcoming and Recent Events
Earnings reports are used by Reliance Steel to provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Every quarterly earnings report provides investors with three things: an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Reliance Steel previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
15th of February 2024 Upcoming Quarterly Report | View | |
25th of April 2024 Next Financial Report | View | |
31st of December 2023 Next Fiscal Quarter End | View | |
15th of February 2024 Next Fiscal Year End | View | |
30th of September 2023 Last Quarter Report | View | |
31st of December 2022 Last Financial Announcement | View |
Reliance Largest EPS Surprises
Earnings surprises can significantly impact Reliance Steel's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
---|---|---|---|---|---|---|---|
2003-04-17 | 2003-03-31 | 0.08 | 0.09 | 0.01 | 12 | ||
2002-04-18 | 2002-03-31 | 0.1 | 0.12 | 0.02 | 20 | ||
2002-02-21 | 2001-12-31 | 0.05 | 0.07 | 0.02 | 40 |
Reliance Steel Thematic Classifications
In addition to having Reliance Steel stock in your portfolios, you can add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your favorite investment opportunity, you can then obtain an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility. If you are a result-oriented investor, you can benefit from optimizing one of our existing themes to build an efficient portfolio against your specific investing outlook.
WholesaleUSA Equities from Wholesale industry as classified by Fama & French |
Reliance Stock Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Reliance Steel is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Reliance Steel Aluminum backward and forwards among themselves. Reliance Steel's institutional investor refers to the entity that pools money to purchase Reliance Steel's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
Shares | Amvescap Plc. | 2023-12-31 | 813.6 K | Lsv Asset Management | 2023-12-31 | 772 K | Norges Bank | 2023-12-31 | 667.5 K | Lord, Abbett & Co Llc | 2023-12-31 | 633.7 K | Northern Trust Corp | 2023-12-31 | 631.2 K | T. Rowe Price Investment Management,inc. | 2023-12-31 | 621.9 K | Bank Of New York Mellon Corp | 2023-12-31 | 582.8 K | Pacer Advisors, Inc. | 2023-12-31 | 536.5 K | Morgan Stanley - Brokerage Accounts | 2023-12-31 | 514.4 K | Vanguard Group Inc | 2023-12-31 | 7 M | Blackrock Inc | 2023-12-31 | 6.3 M |
Reliance Market Capitalization
The company currently falls under 'Large-Cap' category with a market capitalization of 19.35 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Reliance Steel's market, we take the total number of its shares issued and multiply it by Reliance Steel's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.Reliance Profitablity
Reliance Steel's profitability indicators refer to fundamental financial ratios that showcase Reliance Steel's ability to generate income relative to its revenue or operating costs. If, let's say, Reliance Steel is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, Reliance Steel's executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of Reliance Steel's profitability requires more research than a typical breakdown of Reliance Steel's financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
The company has Net Profit Margin (PM) of 0.09 %, which suggests that even a small decline in it sales will erase profits and may result in a net loss, or a negative profit margin. This is way below average. Likewise, it shows Net Operating Margin (NOM) of 0.1 %, which signifies that for every $100 of sales, it has a net operating income of $0.1. Last Reported | Projected for 2024 | ||
Return On Capital Employed | 0.18 | 0.11 | |
Return On Assets | 0.13 | 0.13 | |
Return On Equity | 0.17 | 0.10 |
Management Efficiency
Reliance Steel Aluminum has Return on Asset (ROA) of 0.1045 % which means that for every $100 of assets, it generated a profit of $0.1045. This is way below average. Likewise, it shows a return on total equity (ROE) of 0.1807 %, which means that it produced $0.1807 on every 100 dollars invested by current stockholders. Reliance Steel's management efficiency ratios could be used to measure how well Reliance Steel manages its routine affairs as well as how well it operates its assets and liabilities. Return On Assets is likely to gain to 0.13 in 2024, whereas Return On Capital Employed is likely to drop 0.11 in 2024. At this time, Reliance Steel's Asset Turnover is comparatively stable compared to the past year.Last Reported | Projected for 2024 | ||
Price Book Value Ratio | 2.11 | 1.13 | |
Enterprise Value Multiple | 8.37 | 8.55 | |
Price Fair Value | 2.11 | 1.13 |
The analysis of Reliance Steel's management efficiency is an essential part of evaluating and assessing the financial and operational performance of the entity. It is also vital to analyze Reliance Steel's future growth prospects and the overall market conditions to determine the value and potential of its stock. The analysis involves studying a range of financial metrics such as revenue, earnings, profit margins, cash flow, debt, market share, and external factors such as economic trends, industry outlook, competition, and government regulations. The goal of Reliance Stock analysis is to determine whether it is undervalued, fairly valued, or overvalued and to make informed investment decisions.
Dividend Yield 0.0131 | Forward Dividend Yield 0.0131 | Forward Dividend Rate 4.4 | Beta 0.873 |
Technical Drivers
As of the 29th of March, Reliance Steel holds the Semi Deviation of 0.9186, coefficient of variation of 699.48, and Risk Adjusted Performance of 0.0866. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Reliance Steel, as well as the relationship between them. Put it differently, you can use this information to find out if the company will indeed mirror its model of past market data, or the prices will eventually revert. We are able to interpolate and collect nineteen technical drivers for Reliance Steel Aluminum, which can be compared to its competitors. Please check Reliance Steel Aluminum standard deviation, value at risk, as well as the relationship between the Value At Risk and kurtosis to decide if Reliance Steel Aluminum is priced some-what accurately, providing market reflects its current price of 334.18 per share. Given that Reliance Steel has jensen alpha of 0.0175, we recommend you to check out Reliance Steel Aluminum's recent market performance to make sure the company can sustain itself at a future point.Reliance Steel Aluminum Price Movement Analysis
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Bollinger Bands is very popular indicator that was developed by John Bollinger. It consist of three lines. Reliance Steel middle band is a simple moving average of its typical price. The upper and lower bands are (N) standard deviations above and below the middle band. The bands widen and narrow when the volatility of the price is higher or lower, respectively. The upper and lower bands can also be interpreted as price targets for Reliance Steel Aluminum. When the price bounces off of the lower band and crosses the middle band, then the upper band becomes the price target.
Reliance Steel Aluminum Insider Trading Activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Reliance Steel insiders, such as employees or executives, is commonly permitted as long as it does not rely on Reliance Steel's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Reliance Steel insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Arthur Ajemyan few days ago Acquisition by Arthur Ajemyan of 11 shares of Reliance Steel subject to Rule 16b-3 | ||
Leslie Waite over a year ago Sale by Leslie Waite of 900 shares of Reliance Steel |
Reliance Steel Outstanding Bonds
Reliance Steel issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Reliance Steel Aluminum uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Reliance bonds can be classified according to their maturity, which is the date when Reliance Steel Aluminum has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
RELIANCE STL ALUM Corp BondUS759509AB87 | View | |
US759509AG74 Corp BondUS759509AG74 | View | |
US759509AF91 Corp BondUS759509AF91 | View |
Reliance Steel Predictive Daily Indicators
Reliance Steel intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Reliance Steel stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
Accumulation Distribution | 2569.25 | |||
Daily Balance Of Power | (0.72) | |||
Rate Of Daily Change | 0.99 | |||
Day Median Price | 335.12 | |||
Day Typical Price | 334.81 | |||
Price Action Indicator | (2.30) | |||
Period Momentum Indicator | (2.72) |
Reliance Steel Corporate Filings
F4 | 6th of March 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
F4 | 5th of March 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
10K | 29th of February 2024 Annual report required by the U.S. Securities and Exchange Commission (SEC) of a company financial performance | ViewVerify |
F4 | 28th of February 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
F4 | 21st of February 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
8K | 15th of February 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
13A | 13th of February 2024 An amended filing to the original Schedule 13G | ViewVerify |
13A | 24th of January 2024 An amended filing to the original Schedule 13G | ViewVerify |
Reliance Steel Forecast Models
Reliance Steel's time-series forecasting models are one of many Reliance Steel's stock analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Reliance Steel's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.About Reliance Stock Analysis
Stock analysis is the technique used by a trader or investor to examine and evaluate how Reliance Steel prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Reliance shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Stock such as Reliance Steel. By using and applying Reliance Stock analysis, traders can create a robust methodology for identifying Reliance entry and exit points for their positions.
Last Reported | Projected for 2024 | ||
Pretax Profit Margin | 0.12 | 0.12 | |
Operating Profit Margin | 0.12 | 0.06 | |
Net Profit Margin | 0.09 | 0.09 | |
Gross Profit Margin | 0.29 | 0.22 |
Current Reliance Analysis - Recommendations
We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Reliance analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. Reliance analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.
Target Price | Advice | # of Analysts | |
293.0 | Buy | 7 | Odds |
Most Reliance analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Reliance stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Reliance Steel Aluminum, talking to its executives and customers, or listening to Reliance conference calls.
Reliance Stock Analysis Indicators
Reliance Steel Aluminum stock analysis indicators help investors evaluate how Reliance Steel stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing and determine when trading Reliance Steel shares will generate the highest return on investment. By understating and applying Reliance Steel stock analysis, traders can identify Reliance Steel position entry and exit signals to maximize returns.
Begin Period Cash Flow | 1.2 B | |
Long Term Debt | 1.1 B | |
Common Stock Shares Outstanding | 59 M | |
Total Stockholder Equity | 7.7 B | |
Tax Provision | 400.6 M | |
Quarterly Earnings Growth Y O Y | -0.2 | |
Property Plant And Equipment Net | 2.5 B | |
Cash And Short Term Investments | 1.1 B | |
Cash | 1.1 B | |
Accounts Payable | 410.3 M | |
Net Debt | 297.1 M | |
50 Day M A | 308.7046 | |
Total Current Liabilities | 843.6 M | |
Other Operating Expenses | 13.1 B | |
Non Current Assets Total | 5.8 B | |
Forward Price Earnings | 18.2482 | |
Non Currrent Assets Other | 136.3 M | |
Stock Based Compensation | 65 M |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Reliance Steel Aluminum. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
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When running Reliance Steel's price analysis, check to measure Reliance Steel's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Reliance Steel is operating at the current time. Most of Reliance Steel's value examination focuses on studying past and present price action to predict the probability of Reliance Steel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Reliance Steel's price. Additionally, you may evaluate how the addition of Reliance Steel to your portfolios can decrease your overall portfolio volatility.
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Is Reliance Steel's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Reliance Steel. If investors know Reliance will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Reliance Steel listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.20) | Dividend Share 4 | Earnings Share 22.64 | Revenue Per Share 253.839 | Quarterly Revenue Growth (0.08) |
The market value of Reliance Steel Aluminum is measured differently than its book value, which is the value of Reliance that is recorded on the company's balance sheet. Investors also form their own opinion of Reliance Steel's value that differs from its market value or its book value, called intrinsic value, which is Reliance Steel's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Reliance Steel's market value can be influenced by many factors that don't directly affect Reliance Steel's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Reliance Steel's value and its price as these two are different measures arrived at by different means. Investors typically determine if Reliance Steel is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Reliance Steel's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.