In the latest session, Reliance Steel & Aluminum Co. (NYSE: RS) closed at $235.67 down -3.36% from its previous closing price of $243.87. In other words, the price has decreased by -$8.20 from its previous closing price. On the day, 508388 shares were traded. RS stock price reached its highest trading level at $243.03 during the session, while it also had its lowest trading level at $234.49.
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For a deeper understanding of Reliance Steel & Aluminum Co.’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 17.17 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 9.35. For the most recent quarter (mrq), Quick Ratio is recorded 2.80 and its Current Ratio is at 4.80. In the meantime, Its Debt-to-Equity ratio is 0.16 whereas as Long-Term Debt/Eq ratio is at 0.16.
Upgrades & Downgrades
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Mar 03 when Mollins Sean Michael sold 4,750 shares for $263.87 per share. The transaction valued at 1,253,382 led to the insider holds 16,930 shares of the business.
Ajemyan Arthur sold 1,640 shares of RS for $404,326 on Feb 27. The SVP, CFO now owns 13,028 shares after completing the transaction at $246.54 per share. On Feb 22, another insider, HOFFMAN JAMES DONALD, who serves as the Director of the company, sold 20,000 shares for $245.92 each. As a result, the insider received 4,918,417 and left with 55,333 shares of the company.
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, RS now has a Market Capitalization of 14.58B and an Enterprise Value of 15.13B. As of this moment, Reliance’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.44, and their Forward P/E ratio for the next fiscal year is 11.56. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.85 while its Price-to-Book (P/B) ratio in mrq is 1.89. Its current Enterprise Value per Revenue stands at 0.89 whereas that against EBITDA is 5.36.
Stock Price History:
Over the past 52 weeks, RS has reached a high of $264.42, while it has fallen to a 52-week low of $160.29. The 50-Day Moving Average of the stock is 246.47, while the 200-Day Moving Average is calculated to be 216.47.
For the past three months, RS has traded an average of 532.19K shares per day and 253.33k over the past ten days. A total of 58.83M shares are outstanding, with a floating share count of 58.22M. Insiders hold about 0.50% of the company’s shares, while institutions hold 84.20% stake in the company. Shares short for RS as of Apr 27, 2023 were 738.58k with a Short Ratio of 0.74M, compared to 1.13M on Mar 30, 2023. Therefore, it implies a Short% of Shares Outstanding of 1.26% and a Short% of Float of 1.65%.
Dividends & Splits
According to the company, the forward annual dividend rate for RS is 4.00, from 3.62 in the trailing year. Against a Trailing Annual Dividend Yield of 1.49%, it implies a Forward Annual Dividend Yield of 1.64%. The stock’s 5-year Average Dividend Yield is 1.99. The current Payout Ratio is 12.80% for RS, which recently paid a dividend on Jun 08, 2023 with an ex-dividend date of May 24, 2023. Stock splits for the company last occurred on Jul 19, 2006 when the company split stock in a 2:1 ratio.
There are 6 different market analysts currently analyzing its stock. On average, analysts expect EPS of $6.61 for the current quarter, with a high estimate of $6.76 and a low estimate of $6.5, while EPS last year was $9.15. The consensus estimate for the next quarter is $5.18, with high estimates of $6.69 and low estimates of $4.3.
Analysts are recommending an EPS of between $25.51 and $20.92 for the fiscal current year, implying an average EPS of $22.73. EPS for the following year is $20.38, with 5 analysts recommending between $24.91 and $16.9.
A total of 5 analysts believe the company’s revenue will be $4B this quarter.It ranges from a high estimate of $4.05B to a low estimate of $3.94B. As of the current estimate, Reliance Steel & Aluminum Co.’s year-ago sales were $4.68B, an estimated decrease of -14.60% from the year-ago figure. For the next quarter, 4 analysts are estimating revenue of $3.66B, a decrease of -11.40% over than the figure of -$14.60% in the same quarter last year. There is a high estimate of $4B for the next quarter, whereas the lowest estimate is $3.38B.
A total of 6 analysts have provided revenue estimates for RS’s current fiscal year. The highest revenue estimate was $15.7B, while the lowest revenue estimate was $14.25B, resulting in an average revenue estimate of $14.9B. In the same quarter a year ago, actual revenue was $17.02B, down -12.50% from the average estimate. Based on 5 analysts’ estimates, the company’s revenue will be $13.87B in the next fiscal year. The high estimate is $14.82B and the low estimate is $12.56B. The average revenue growth estimate for next year is down -6.90% from the average revenue estimate for this year.