105.96 +1.47 (1.41%)
After hours: 4:26PM EST
|Bid||104.24 x 1000|
|Ask||105.63 x 800|
|Day's Range||104.28 - 107.97|
|52 Week Range||82.62 - 122.17|
|Beta (5Y Monthly)||1.27|
|PE Ratio (TTM)||11.50|
|Earnings Date||Apr. 22, 2020|
|Forward Dividend & Yield||2.20 (1.86%)|
|Ex-Dividend Date||Nov. 13, 2019|
|1y Target Est||117.63|
Reliance Steel & Aluminum Co. (NYSE:RS) shares fell 4.4% to US$111 in the week since its latest yearly results. The...
Reliance announced record cash provided by operations of $1.30 billion for 2019, which was an increase of $636.9 million, or 95.8%, from $664.6 million in 2018. The Company does not provide annual guidance given the transactional nature of its business, including short lead times with 40% of the orders received delivered the next day, coupled with volatility in metals pricing and the cyclicality of the many end markets of its customers. During the earnings call, Reliance’s Chief Financial Officer responded to a question about anticipated cash provided by operations for the full year 2020 by stating that a conservative minimum level of cash provided by operations could be approximately $600 million.
In sync with the core business strategy of Reliance Steel (RS), FastMetals specializes in small orders, with quick turn-around and excellent customer service.
Reliance Steel (RS) delivered earnings and revenue surprises of 42.69% and -0.97%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?
- Record annual gross profit margin of 30.3% on $11 billion of sales drove record annual gross profit dollars of $3.33 billion- Record annual pretax income of $929.3 million.
Reliance Steel & Aluminum (RS) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
LOS ANGELES, Feb. 19, 2020 -- Reliance Steel & Aluminum Co. (NYSE: RS) today announced the launch of its new e-commerce business, FastMetals, Inc. (www.fastmetals.com),.
Reliance Steel (RS) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
LOS ANGELES, Feb. 06, 2020 -- Reliance Steel & Aluminum Co. (NYSE:RS) announced today that it will report fourth quarter and full year 2019 financial results for the period.
LOS ANGELES, Feb. 05, 2020 -- Reliance Steel & Aluminum Co. (NYSE: RS) announced today that James Hoffman, President and Chief Executive Officer, and Karla Lewis, Senior.
Reliance Steel (RS) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Reliance Steel's (RS) acquisition of Fry Steel Company is in sync with its strategy of investing in high quality and high margin businesses.
Reliance Steel & Aluminum Co. (RS) announced today that effective December 31, 2019, it has acquired all of the outstanding capital stock of Fry Steel Company (“Fry Steel”), a general line and long bar distributor founded in 1948 and located in Santa Fe Springs, California. Fry Steel performs cutting services on its diverse product assortment of over 8,000 types and conditions of long bar product and provides “in-stock” next day delivery through its proprietary fleet of trucks. For the year ended December 31, 2019, Fry Steel’s net sales were approximately $100 million.
TriMas' (TRS) latest divesture supports its effort to reposition the portfolio by investing in innovation as well as M&A to accelerate long-term growth in the Packaging and Aerospace segments.