Reliance Steel & Aluminum (RS) Earns Daily Media Impact Rating of 0.18

News headlines about Reliance Steel & Aluminum (NYSE:RS) have trended somewhat positive on Tuesday, according to Accern. The research firm identifies negative and positive news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Reliance Steel & Aluminum earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave media stories about the industrial products company an impact score of 47.0558570745173 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

These are some of the news articles that may have impacted Accern’s scoring:

Shares of Reliance Steel & Aluminum (RS) traded up $0.81 during trading on Tuesday, reaching $87.13. The company’s stock had a trading volume of 380,877 shares, compared to its average volume of 492,383. The company has a market cap of $6,340.00, a P/E ratio of 17.12, a PEG ratio of 1.84 and a beta of 1.29. The company has a quick ratio of 1.79, a current ratio of 4.06 and a debt-to-equity ratio of 0.43. Reliance Steel & Aluminum has a 12 month low of $68.46 and a 12 month high of $88.58.

Reliance Steel & Aluminum (NYSE:RS) last posted its quarterly earnings results on Thursday, October 26th. The industrial products company reported $1.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.19 by $0.11. Reliance Steel & Aluminum had a return on equity of 8.61% and a net margin of 3.97%. The business had revenue of $2.45 billion for the quarter. During the same period in the previous year, the company posted $1.25 EPS. Reliance Steel & Aluminum’s quarterly revenue was up 12.1% compared to the same quarter last year. equities analysts anticipate that Reliance Steel & Aluminum will post 5.21 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, December 8th. Stockholders of record on Friday, November 17th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date was Thursday, November 16th. Reliance Steel & Aluminum’s payout ratio is 35.36%.

RS has been the topic of several research analyst reports. Clarkson Capital reaffirmed a “buy” rating on shares of Reliance Steel & Aluminum in a research report on Wednesday, November 15th. Cowen reaffirmed a “buy” rating and issued a $92.00 price objective on shares of Reliance Steel & Aluminum in a research report on Friday, September 1st. Zacks Investment Research raised Reliance Steel & Aluminum from a “hold” rating to a “buy” rating and set a $86.00 price objective on the stock in a research report on Monday, October 16th. ValuEngine downgraded Reliance Steel & Aluminum from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Finally, Bank of America reaffirmed a “buy” rating and issued a $89.00 price objective (up previously from $88.00) on shares of Reliance Steel & Aluminum in a research report on Tuesday, September 5th. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $80.33.

In other news, SVP William A. Smith II sold 1,123 shares of the stock in a transaction on Friday, December 8th. The stock was sold at an average price of $82.69, for a total transaction of $92,860.87. Following the transaction, the senior vice president now owns 15,320 shares of the company’s stock, valued at approximately $1,266,810.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.18% of the stock is currently owned by corporate insiders.

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About Reliance Steel & Aluminum

Reliance Steel & Aluminum Co is a metals service center company in North America (the United States and Canada). As of December 31, 2016, the Company’s network of metals service centers operated over 300 locations in 39 states in the United States and in 12 other countries (Australia, Belgium, Canada, China, France, Malaysia, Mexico, Singapore, South Korea, Turkey, the United Arab Emirates and the United Kingdom).

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