Reliance Steel & Aluminum Co. Reports Third Quarter 2016 Financial Results
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Jefferies Cuts Price Target on Reliance Steel (RS) Following 3Q EPS Miss and Guidance
October 21, 2016 8:41 AM EDTJefferies reiterated a Hold rating on Reliance Steel & Aluminum (NYSE: RS), and cut the price target to $70.00 (from $72.00), following the company's 3Q earnings report. RS reported adjusted EPS of $1.25, which was below the consensus of $1.32, and at the lower end of the $1.25-1.35 guidance... More
Reliance Steel (RS) Declares $0.425 Quarterly Dividend; 2.3% Yield
October 20, 2016 6:56 AM EDTReliance Steel (NYSE: RS) declared a quarterly dividend of $0.425 per share, or $1.7 annualized.
The dividend will be payable on December 16, 2016, to stockholders of record on November 18, 2016, with an ex-dividend date of November 16, 2016.
The annual yield on the dividend is 2.3 percent.
For a... More
Reliance Steel (RS) Misses Q3 EPS by 7c; Guides Lower
October 20, 2016 6:54 AM EDTReliance Steel (NYSE: RS) reported Q3 EPS of $1.25, $0.07 worse than the analyst estimate of $1.32. Revenue for the quarter came in at $2.19 billion versus the consensus estimate of $2.22 billion.
GUIDANCE:
Reliance Steel sees Q4 2016 EPS of $0.65-$0.75, versus the consensus... More
