Aigner_Andreas Posted - 27 minutes ago

#DeathCross $RS at 203.05 R32 HiLo 81% T1Y 218 buy 1.7 PE 22.9 DIV 1.80% #Reliance S #stocks #trading #finance #market

epsguid Posted - 1 day ago

$RS reported earnings of $4.65, consensus was $4.73 via @eWhispers #epsmiss http://eps.sh/d/rs

DonCorleone77 Posted - 1 day ago

$RS Reliance, Inc. sees Q3 adjusted EPS $3.60 to $3.80, consensus $4.51 Reliance anticipates underlying demand will remain relatively stable across the majority of the end markets it serves in the third quarter of 2024 subject to shipment levels to be impacted by normal seasonal patterns, which include a decline in shipping volumes due to planned customer shutdowns and vacation schedules. As a result, the Company estimates its tons sold will be down 2.5% to 4.5% in the third quarter of 2024 compared to the second quarter of 2024 and up 4.5% to 6.5% from the third quarter of 2023. Reliance expects its average selling price per ton sold for the third quarter of 2024 to be down 2% to 4% compared to the second quarter of 2024, primarily driven by lower prices for carbon steel products. Therefore, Reliance anticipates gross profit margin to remain under some pressure in the third quarter of 2024. Based on these expectations, the Company anticipates non-GAAP earnings per diluted share in the range of $3.60 to $3.80 for the third quarter of 2024.

DonCorleone77 Posted - 1 day ago

$RS Reliance, Inc. reports Q2 adjusted EPS $4.65, consensus $4.73 Reports Q2 revenue $3.64B, consensus $3.65B. Our second quarter performance once again highlighted the attractiveness of our business model through various market cycles, delivering solid results in a challenging pricing environment," said Karla Lewis, President and Chief Executive Officer of Reliance. "Reliance's growth and diversification strategies, coupled with our focus on customer service and relationships, increased our shipments well ahead of industry levels. Our new acquisitions and focus on smart, profitable growth increased our tons shipped. However, carbon steel product pricing during the second quarter declined further than anticipated, offsetting the benefits of our increased tonnage. Declining metal pricing was the primary driver of our gross profit margin decrease and sequential reduction in earnings per diluted share to $4.67. Despite these challenges, our teams across the company maintained a strong gross profit margin of 29.8%, within our long-term sustainable range of 29-31%, driven in part by the significant investments we have made in value-added processing capabilities in recent years."

Stock_Titan Posted - 1 day ago

$RS Reliance, Inc. Reports Second Quarter 2024 Financial Results https://www.stocktitan.net/news/RS/reliance-inc-reports-second-quarter-2024-financial-k3q92uqmikl4.html

DonCorleone77 Posted - 1 week ago

$RS Reliance, Inc. to acquire tolling assets from FerrouSouth, no terms disclosed Reliance announced that it has reached an agreement to purchase certain assets of the FerrouSouth division of Ferragon Corporation, a toll processing operation headquartered in Iuka, Mississippi. In addition to offering high quality flat-rolled steel processing, FerrouSouth provides logistics services including shipping and warehousing solutions within the rapidly growing Southeastern market. The FerrouSouth operations will operate as a division of Feralloy Corporation, a wholly owned subsidiary of Reliance. For the twelve months ended December 31, 2023, annual net sales for the select tolling operation were approximately $15M. The terms of the transaction were not disclosed. The transaction is expected to close within the next 30 days, subject to customary closing conditions.

Stock_Titan Posted - 1 week ago

$RS Reliance, Inc. Agrees to Acquire Tolling Assets from FerrouSouth https://www.stocktitan.net/news/RS/reliance-inc-agrees-to-acquire-tolling-assets-from-ferrou-bgonosptdn4d.html

Stock_Titan Posted - 2 weeks ago

$RS Reliance, Inc. to Announce Second Quarter 2024 Results on Thursday, July 25th https://www.stocktitan.net/news/RS/reliance-inc-to-announce-second-quarter-2024-results-on-thursday-hh8embz8f4xk.html

IN0V8 Posted - 3 weeks ago

$RS 7/3 Opportunity KeyBanc cuts target price to $325 from $341

DonCorleone77 Posted - 3 weeks ago

$RS Reliance, Inc. price target lowered to $325 from $341 at KeyBanc KeyBanc lowered the firm's price target on Reliance, Inc. to $325 from $341 given lower earnings estimates, while keeping an Overweight rating on the shares. The firm maintains a balanced view on carbon steel equities. While KeyBanc previously saw the primary variable of 2024 earnings volatility being largely pricing/spread related vs. volume related, it's likely now reasonable to suspect organic steel volumes will be flat-to-down year-over-year in 2025 vs. flattish. Auto growth is likely more modest, while other markets appear somewhat weaker vs. its prior forecasts.

Thestocktraderhubzee Posted - 1 month ago

JUN 27 2024. $AAPL B of A Securities Maintains Buy on Apple, Maintains $230 Price Target $RS B of A Securities Maintains Neutral on Reliance, Lowers Price Target to $335 $MRUS Citigroup Maintains Buy on Merus, Raises Price Target to $93 $CLF Citigroup Maintains Buy on Merus, Raises Price Target to $93 $OTEX Citigroup Maintains Neutral on Open Text, Lowers Price Target to $32

Grouphome Posted - 1 month ago

$RS small starter here this morning. Likely the only thing I do for the next week or so

Aigner_Andreas Posted - 1 month ago

TF SELL $RS at 280.79 : 281.08 BigCap 54% Shp 0.58 S 5.77 N 1.17 RSI 32.94% SRSI 0% ADXR 29.38 #stocks #trading #finance #market

Aigner_Andreas Posted - 05/28/24

TD SELL $RS at 302.82, Supp 290.65 Resis 305.49 R5 HiLo 67% T1Y 218 buy 1.7 DIV 1.80% #Reliance S #stocks #trading #finance #market

thayford Posted - 05/28/24

$RS out 6/21 310c at breakeven

Aigner_Andreas Posted - 2 months ago

TF BUY $RS at 304.8 : 305.85 BigCap 56% Shp 1.31 S 8.31 N 0.92 RSI 54.44% SRSI 100% ADXR 31.86 #stocks #trading #finance #market

thayford Posted - 2 months ago

$RS trapped buyers

thayford Posted - 2 months ago

Long $RS 6/21 310c, targeting upper limit of earnings gap

seven_come_11 Posted - 2 months ago

$STRL My five small cap Bidenomics portfolio are $STRL,$EME,$J,$PWR,$RS.

insiderbuyingselling Posted - 2 months ago

$RS new insider selling: 10000 shares. http://insiderbuyingselling.com/?t=RS

insiderbuyingselling Posted - 2 months ago

$RS new insider selling: 5000 shares. http://insiderbuyingselling.com/?t=RS

StockInvest_us Posted - 04/30/24

Signal alert: $RS - Oversold Trend Short (Undervalued) https://stockinvest.us/l/v9IJRtNyI8

Thestocktraderhubzee Posted - 04/29/24

WATCHLIST APR 29 2024. $DOV Wells Fargo Maintains Equal-Weight on Dover, Raises Price Target to $190 $RCL Wells Fargo Maintains Overweight on Royal Caribbean Gr, Raises Price Target to $159 $BYD Wells Fargo Maintains Overweight on Boyd Gaming, Lowers Price Target to $71 $RS BMO Capital Maintains Outperform on Reliance, Lowers Price Target to $345 $HUBG BMO Capital Maintains Market Perform on Hub Group, Lowers Price Target to $45

briefingcom Posted - 3 months ago

$RS: Reliance, Inc. misses by $0.23, misses on revs; guides Q2 EPS below consensus https://www.briefing.com/in-depth-analysis/content/article?ArticleId=IN20240425070635RS&utm_campaign=inplay&utm_medium=social&utm_source=st&utm_content=view_page

DonCorleone77 Posted - 3 months ago

$RS Reliance, Inc. sees Q2 adjusted EPS $4.70-$4.90, consensus $5.35 Reliance expects a better than normal seasonal recovery in demand in the second quarter of 2024 despite prevailing macroeconomic uncertainty and geopolitical matters. Accordingly, the company estimates its tons sold will be up 2.5% to 4.5% in the second quarter of 2024 compared to the first quarter of 2024, with approximately 2% of the sequential growth coming from recently completed acquisitions on April 1, 2024. In addition, Reliance expects its average selling price per ton sold for the second quarter of 2024 to be down 1% to 3% compared to the first quarter of 2024. The company also anticipates short term gross profit margin pressure in the second quarter of 2024 as it works through higher cost inventory on hand. Based on these expectations, the company anticipates non-GAAP earnings per diluted share in the range of $4.70 to $4.90 for the second quarter of 2024.

DonCorleone77 Posted - 3 months ago

$RS Reliance, Inc. reports Q1 adjusted EPS $5.30, consensus $5.55 Reports Q1 revenue 3.64B, consensus $3.76B. "Our resilient business model, most notably the diversity of our products, end markets and geography, once again delivered strong performance in a more challenging pricing environment than we anticipated in the first quarter," said Karla Lewis, President and Chief Executive Officer of Reliance. "We continued to drive smart, profitable growth, increasing our shipments above industry levels while maintaining pricing discipline resulting in our gross profit margin at the high end of our sustainable range that collectively contributed to our first quarter non-GAAP earnings per diluted share of $5.30. Our significant investments in value-added processing capabilities continue to bolster our gross profit margin throughout market cycles." Lewis continued, "Our profitable operations and consistent ability to generate cash enable us to allocate capital across our core priorities. We have completed three acquisitions to-date in 2024, expanding our product offerings, processing capabilities and geographic reach and collectively adding nearly $500 million in annualized net sales to the Reliance family. We also invested $108.7 million back into our business through capital expenditures, predominantly targeted towards growth opportunities that increase capacity and value-added processing capabilities. We returned $65.3 million to our valued stockholders in dividends. I'd like to thank the entire Reliance team for a strong start to 2024 and their continued commitment to exceptional customer service, and most importantly, safety. While we anticipate continued near-term pricing headwinds, we remain bullish on the longer term tailwinds coming our way through activity related to government stimulus and re/near-shoring. Reliance is in a strong position to benefit from these opportunities."

epsguid Posted - 3 months ago

$RS reported earnings of $5.30, consensus was $5.51, Earnings Whisper was $5.60 via @eWhispers #whispermiss http://eps.sh/d/rs

Stock_Titan Posted - 3 months ago

$RS Reliance, Inc. Reports First Quarter 2024 Financial Results https://www.stocktitan.net/news/RS/reliance-inc-reports-first-quarter-2024-financial-9i1gogb425v3.html

Aigner_Andreas Posted - 3 months ago

TF SELL $RS at 313.94 : 315.38 BigCap 98% Shp 1.56 S 8.58 N 1.15 RSI 32.72% SRSI 0% ADXR 24.52 #stocks #trading #finance #market

Aigner_Andreas Posted - 3 months ago

TD BUY $RS at 319.49, Supp 319.49 Resis 340.04 R6 HiLo 81% T1Y 218 buy 1.7 DIV 1.80% #Reliance S #stocks #trading #finance #market