Wigglyick
Posted - 3 days ago
Steel has been strong for some time now. Here’s 3 $RS Reliance, $STLD Steel Dynamics
$WS Worthington Steel
Doozio
Posted - 2 weeks ago
Wen da FUTUre of 🧠⏰ is about to get da $vel ocity NEXN thru its $RS INTA 🧠⏰♾️
smartkarma
Posted - 3 weeks ago
$RS | Reliance Inc.: How Are They Dealing With Challenges in Maintaining Automotive Sector Influence Amid Market Fluctuations? - Major Drivers
"Reliance Steel presented its Third Quarter 2024 earnings and reported a robust operational performance amid fluctuating market dynamics. Despite..." - Baptista Research (Baptista Research)
Read more: https://www.smartkarma.com/insights/reliance-inc-how-are-they-dealing-with-challenges-in-maintaining-automotive-sector-influence-amid-market-fluctuations-major-drivers
insiderbuyingselling
Posted - 10/30/24
$RS new insider selling: 6810 shares. http://insiderbuyingselling.com/?t=RS
DonCorleone77
Posted - 10/24/24
$RS Reliance sees Q4 adjusted EPS $2.65-$2.85, consensus $3.40 "Given the significant uncertainty currently surrounding economic policy in the U.S., Reliance anticipates underlying demand will weaken temporarily across the majority of the end markets it serves in the fourth quarter of 2024, recovering as we move into 2025. Due to normal seasonal trends and heightened macroeconomic and political uncertainty, the company estimates its tons sold will be down 6.0% to 8.0% in the fourth quarter of 2024 compared to the third quarter of 2024 and up 4.0% to 6.0% from the fourth quarter of 2023 with 0.5% to 2.5% attributable to same store growth. Reliance expects its average selling price per ton sold for the fourth quarter of 2024 to be down 1.5% to 3.5% compared to the third quarter of 2024 with continued pricing pressure across carbon steel products. Reliance anticipates its FIFO gross profit margin to stabilize in the fourth quarter of 2024, reflecting better alignment of replacement costs and inventory costs on hand. Based on these expectations, the company anticipates non-GAAP earnings per diluted share in the range of $2.65 to $2.85 for the fourth quarter of 2024."
DonCorleone77
Posted - 10/24/24
$RS Reliance reports Q3 adjusted EPS $3.64, consensus $3.66 Reports Q3 revenue $3.42B, consensus $3.38B. "Our businesses continued to execute well through challenging market conditions in the third quarter, once again outperforming the industry in shipments while maintaining a gross profit margin within our sustainable range, which we refer to as smart, profitable growth," said Karla Lewis, President and Chief Executive Officer of Reliance. "Although metals pricing declined more than anticipated, the inherent resilience of our business model servicing diverse end markets with expansive value-added processing capabilities and quick-turn orders, as well as increased volume, helped mitigate the impact of lower pricing levels to our gross profit margin and supported non-GAAP earnings per diluted share of $3.64, in-line with our guidance."
LiveSquawk
Posted - 10/24/24
$RS | Reliance Steel & Aluminium Q3 2024 Earnings Adj Eps $3.64 (est $3.69) Rev $3.42B (est $3.38B) Sees Q4 Tons Sold -6% To -8% Sees Q4 Adj Eps $2.65 To $2.85 (est $3.44) Reliance Board Authorized $1.5B Repurchase Program
JFDI
Posted - 1 month ago
wow, big $RS off the open $PANW
WeeklyTrader
Posted - 1 month ago
What’s your target price for $RS? RSI: 58.27% 50-day MA: $281.93 200-day MA: $296.42
AstralTradingDOTnet
Posted - 1 month ago
$RS $SPY Reliance (RS) (closed October 9th at 288.07) is showing some solid green just before an astrological event. Can the momentum take the price up to recent highs, and maybe beyond? I have profit targets at 306 & 324.
Chyeahhh
Posted - 1 month ago
$HOLO lower highs as we fade off .
$META pump was fake but yall went with it $RS not happening hype so yall pumped it (China and insiders just dumped more worthless shares) Now yall have nothing again so yall are pumping the fake idea of acquisitions Let me put yall on some game. So I call out scams, I expose them. A scam I’ve been working on $ENZC got the sec hammer yesterday.
In time just like that Bulgarian scam $HOLO will get the SEC hammer. Because it’s a micro cap pump n dump scheme to extract money from US markets and send it offshore. Controlled and managed by Asians you’ll never know or see or whom will ever step foot in the country. Have a good Afternoon 🤙🏾
DonCorleone77
Posted - 1 month ago
$RS $DAN Reliance appoints James Kamsickas to board, names Douglas Stotlar as chairman Reliance (RS) announced the appointment of James Kamsickas to serve as an independent director. Mr. Kamsickas' term took effect on October 1, 2024 and will expire at the Company's 2025 Annual Meeting of Stockholders. Following the appointment of Mr. Kamsickas, Reliance's Board will be comprised of nine members, eight of whom are independent. Kamsickas is the chairman and CEO of Dana Incorporated (DAN). Consistent with corporate governance best practices and Reliance's strategic, deliberate and well-executed long-term succession plan, Mark Kaminski will step down from the position of non-executive Chairman of the Board effective January 1, 2025. Mr. Kaminski has served as Reliance's independent, non-executive Chairman since July 2016. Mr. Kaminski will continue to serve as a member of the Company's Board of Directors. On October 1, 2024, the Board of Directors unanimously appointed Douglas Stotlar as Reliance's independent, non-executive Chairman of the Board effective January 1, 2025. Mr. Stotlar has served on Reliance's Board of Directors since October 2016.
Stock_Titan
Posted - 2 months ago
$RS Reliance, Inc. Announces Amended and Restated $1.5 Billion Credit Facility
https://www.stocktitan.net/news/RS/reliance-inc-announces-amended-and-restated-1-5-billion-credit-jk1eq3b8gf3d.html
allstarcharts
Posted - 2 months ago
toppy or no? $XME $CRS $RS $X $NUE
StockInvest_us
Posted - 3 months ago
Signal alert: $RS - Double Top https://stockinvest.us/l/uctHfDhp6B
StockInvest_us
Posted - 3 months ago
Signal alert: $RS - Double Top https://stockinvest.us/l/dLBsjeZfXV
NVDAMillionaire
Posted - 07/31/24
$RS Reliance, Inc. (RS): A Diversified Metals Powerhouse Navigating Challenging Pricing Headwinds http://beyondspx.com/2024/07/31/reliance-inc-rs-a-diversified-metals-powerhouse-navigating-challenging-pricing-headwinds/
Aigner_Andreas
Posted - 07/27/24
#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 - 07/25/24
$RS reported earnings of $4.65, consensus was $4.73 via @eWhispers #epsmiss http://eps.sh/d/rs
DonCorleone77
Posted - 07/25/24
$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 - 07/25/24
$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 - 07/25/24
$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 - 4 months 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 - 4 months 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 - 4 months 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 - 4 months ago
$RS 7/3 Opportunity KeyBanc cuts target price to $325 from $341
DonCorleone77
Posted - 4 months 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 - 06/26/24
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 - 5 months ago
$RS small starter here this morning. Likely the only thing I do for the next week or so
