Reliance Steel Net Worth
Reliance Steel Net Worth Breakdown | RS |
Reliance Steel Net Worth Analysis
Reliance Steel's net worth analysis, or its valuation, is the process of determining the total value of the company. This involves assessing a range of factors, including Reliance Steel's financial performance, assets, liabilities, and potential for growth. The ultimate goal is to provide a clear understanding of Reliance Steel's overall worth, which can help investors make informed investment decisions. There are several methods that can be used to perform Reliance Steel's net worth analysis. One common approach is to calculate Reliance Steel's market capitalization.Another approach is to use the price-to-earnings ratio (P/E ratio), which compares Reliance Steel's stock price to its earnings per share (EPS). Discounted cash flow (DCF) analysis is another popular method for assessing Reliance Steel's net worth. This approach calculates the present value of Reliance Steel's future cash flows, taking into account factors such as growth rate, profitability, and risk. By comparing the present value of Reliance Steel's cash flows to its current stock price, investors can gain a better understanding of the company's overall value. Finally, investors may use comparable company analysis to evaluate Reliance Steel's net worth. This involves comparing Reliance Steel's financial metrics to similar companies in the same industry. By identifying companies with similar financial characteristics, investors can gain insight into Reliance Steel's net worth relative to its peers.
Enterprise Value |
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To determine if Reliance Steel is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Reliance Steel's net worth research are outlined below:
| Over 81.0% of the company shares are owned by institutional investors | |
| On 22nd of March 2024 Reliance Steel paid $ 1.1 per share dividend to its current shareholders | |
| Latest headline from seekingalpha.com: RS, RYAM and NMG are among materials movers |
Reliance Steel Quarterly Good Will |
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Reliance Steel uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Reliance Steel Aluminum. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Reliance Steel's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 15th of February 2024 Upcoming Quarterly Report | View | |
| 25th of April 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 15th of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Reliance Steel Target Price Consensus
We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Reliance target price is determined by taking all analyst projections and averaging them out. There is no one specific way to measure analysts' performance other than comparing it to past results via a very sophisticated attribution analysis. Reliance Steel's target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, investor sentiment analysis, technical analysis, earnings estimate, and various momentum models.
| 7 | Buy |
Most Reliance analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to help potential investors understand Reliance stock's fair price compared to its market value. Analysts arrive at stock ratings after researching the public financial statements of Reliance Steel Aluminum, talking to its executives and customers, or listening to those companies' conference calls.
Macroaxis Advice Exposure ValuationReliance Steel Target Price Projection
Reliance Steel's current and average target prices are 290.62 and 293.00, respectively. The current price of Reliance Steel is the price at which Reliance Steel Aluminum is currently trading. On the other hand, Reliance Steel's target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.Current Price
Reliance Steel Market Quote on 27th of April 2024
Target Price
Analyst Consensus On Reliance Steel Target Price
Know Reliance Steel's Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Reliance Steel is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Reliance Steel Aluminum backward and forwards among themselves. Reliance Steel's institutional investor refers to the entity that pools money to purchase Reliance Steel's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Amvescap Plc. | 2023-12-31 | 813.6 K | Lsv Asset Management | 2023-12-31 | 772 K | Norges Bank | 2023-12-31 | 667.5 K | Lord, Abbett & Co Llc | 2023-12-31 | 633.7 K | Northern Trust Corp | 2023-12-31 | 631.2 K | T. Rowe Price Investment Management,inc. | 2023-12-31 | 621.9 K | Bank Of New York Mellon Corp | 2023-12-31 | 582.8 K | Pacer Advisors, Inc. | 2023-12-31 | 536.5 K | Morgan Stanley - Brokerage Accounts | 2023-12-31 | 514.4 K | Vanguard Group Inc | 2023-12-31 | 7 M | Blackrock Inc | 2023-12-31 | 6.3 M |
Follow Reliance Steel's market capitalization trends
The company currently falls under 'Large-Cap' category with a market capitalization of 18.01 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Reliance Steel's market, we take the total number of its shares issued and multiply it by Reliance Steel's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.Market Cap |
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Project Reliance Steel's profitablity
Reliance Steel's profitability indicators refer to fundamental financial ratios that showcase Reliance Steel's ability to generate income relative to its revenue or operating costs. If, let's say, Reliance Steel is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, Reliance Steel's executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of Reliance Steel's profitability requires more research than a typical breakdown of Reliance Steel's financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | 0.18 | 0.19 | |
| Return On Capital Employed | 0.18 | 0.11 | |
| Return On Assets | 0.13 | 0.13 | |
| Return On Equity | 0.17 | 0.10 |
When accessing Reliance Steel's net worth, it's important to look at multiple sources and consider different scenarios. For example, gross profit margin measures Reliance Steel's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Reliance Steel's profitability and make more informed investment decisions.
The data published in Reliance Steel's official financial statements usually reflect Reliance Steel's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Reliance Steel Aluminum. For example, before you start analyzing numbers published by Reliance accountants, it's critical to develop an understanding of what Reliance Steel's liquidity, profitability, and earnings quality are in the context of the Metals & Mining space in which it operates.
Please note, the presentation of Reliance Steel's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Reliance Steel's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Reliance Steel's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Reliance Steel Aluminum. Please utilize our Beneish M Score to check the likelihood of Reliance Steel's management manipulating its earnings.
Evaluate Reliance Steel's management efficiency
Reliance Steel Aluminum has Return on Asset (ROA) of 0.1045 % which means that for every $100 of assets, it generated a profit of $0.1045. This is way below average. Likewise, it shows a return on total equity (ROE) of 0.1807 %, which means that it produced $0.1807 on every 100 dollars invested by current stockholders. Reliance Steel's management efficiency ratios could be used to measure how well Reliance Steel manages its routine affairs as well as how well it operates its assets and liabilities. At this time, Reliance Steel's Return On Tangible Assets are comparatively stable compared to the past year. Return On Assets is likely to gain to 0.13 in 2024, whereas Return On Capital Employed is likely to drop 0.11 in 2024. At this time, Reliance Steel's Return On Assets are comparatively stable compared to the past year. Asset Turnover is likely to gain to 1.73 in 2024, whereas Other Assets are likely to drop 0.95 in 2024.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 132.39 | 139.01 | |
| Net Current Asset Value | 0.00 | 0.00 | |
| Tangible Asset Value | 0.00 | 0.00 | |
| Tangible Book Value Per Share | 79.56 | 83.54 | |
| Enterprise Value Over EBITDA | 8.37 | 8.55 | |
| Price Book Value Ratio | 2.11 | 1.13 | |
| Enterprise Value Multiple | 8.37 | 8.55 | |
| Price Fair Value | 2.11 | 1.13 | |
| Enterprise Value | 6.5 B | 6.8 B |
The analysis of Reliance Steel's management efficiency is an essential part of evaluating and assessing the financial and operational performance of the entity. It is also vital to analyze Reliance Steel's future growth prospects and the overall market conditions to determine the value and potential of its stock. The analysis involves studying a range of financial metrics such as revenue, earnings, profit margins, cash flow, debt, market share, and external factors such as economic trends, industry outlook, competition, and government regulations. The goal of Reliance Stock analysis is to determine whether it is undervalued, fairly valued, or overvalued and to make informed investment decisions.
Enterprise Value Revenue 1.2827 | Revenue 14.8 B | Quarterly Revenue Growth (0.08) | Revenue Per Share 253.839 | Return On Equity 0.1807 |
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Reliance Steel insiders, such as employees or executives, is commonly permitted as long as it does not rely on Reliance Steel's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Reliance Steel insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Arthur Ajemyan over a month ago Acquisition by Arthur Ajemyan of 11 shares of Reliance Steel subject to Rule 16b-3 | ||
Leslie Waite over a year ago Sale by Leslie Waite of 900 shares of Reliance Steel |
Reliance Steel Corporate Filings
8K | 25th of April 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
| 3rd of April 2024 Other Reports | ViewVerify | |
F4 | 6th of March 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
10K | 29th of February 2024 Annual report required by the U.S. Securities and Exchange Commission (SEC) of a company financial performance | ViewVerify |
Reliance Steel Earnings Estimation Breakdown
The calculation of Reliance Steel's earning per share is based on the data from the past 12 consecutive months, used for reporting the company's financial figures. The next projected EPS of Reliance Steel is estimated to be 5.53 with the future projection ranging from a low of 5.46 to a high of 5.68. Please be aware that this consensus of annual earnings estimates for Reliance Steel Aluminum is based on EPS before non-recurring items and includes expenses related to employee stock options.Last Reported EPS
5.46 Lowest | Expected EPS | 5.68 Highest |
Reliance Steel Earnings Projection Consensus
Suppose the current estimates of Reliance Steel's value are higher than the current market price of the Reliance Steel stock. In this case, investors may conclude that Reliance Steel is overpriced and will exhibit bullish sentiment. On the other hand, if the present value is lower than the stock price, analysts may conclude that the market undervalues the equity. These scenarios may suggest that the market is not as efficient as it should be at the estimation time, and Reliance Steel's stock will quickly adjusts to the new information provided by the consensus estimate.
| Number of Analysts | Historical Accuracy | Last Reported EPS | Estimated EPS for 31st of March 2024 | Current EPS (TTM) | |
| 8 | 91.76% | 4.73 | 5.53 | 22.64 |
Reliance Steel Earnings History
Earnings estimate consensus by Reliance Steel Aluminum analysts from Wall Street is used by the market to judge Reliance Steel's stock performance. Investors also use these earnings estimates to evaluate and project the stock performance into the future in order to make their investment decisions. However, we recommend analyzing not only Reliance Steel's upcoming profit reports and earnings-per-share forecasts but also comparing them to our different valuation methods.Reliance Steel Quarterly Gross Profit |
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Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Reliance Steel's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Reliance Steel Earnings per Share Projection vs Actual
Actual Earning per Share of Reliance Steel refers to what the company shows during its earnings calls or quarterly reports. The Expected EPS is what analysts covering Reliance Steel Aluminum predict the company's earnings will be in the future. The higher the earnings per share of Reliance Steel, the better is its profitability. While calculating the Earning per Share, we use the weighted ratio, as the number of shares outstanding can change over time.Reliance Steel Estimated Months Earnings per Share
For an investor who is primarily interested in generating an income out of investing in entities such as Reliance Steel, the EPS ratio can tell if the company is intending to increase its current dividend. Although EPS is an essential tool for investors, it should not be used in isolation. EPS of Reliance Steel should always be considered in relation to other companies to make a more educated investment decision.Reliance Quarterly Analyst Estimates and Surprise Metrics
Earnings surprises can significantly impact Reliance Steel's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
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2024-02-28 | 2023-12-31 | 3.92 | 4.73 | 0.81 | 20 | ||
2023-10-26 | 2023-09-30 | 5 | 4.99 | -0.01 | 0 | ||
2023-07-27 | 2023-06-30 | 6.55 | 6.49 | -0.06 | 0 | ||
2023-04-27 | 2023-03-31 | 5.76 | 6.37 | 0.61 | 10 | ||
2023-02-16 | 2022-12-31 | 4.47 | 5.87 | 1.4 | 31 | ||
2022-10-27 | 2022-09-30 | 6.19 | 6.48 | 0.29 | 4 | ||
2022-07-28 | 2022-06-30 | 9.01 | 9.15 | 0.14 | 1 | ||
2022-04-28 | 2022-03-31 | 7.14 | 8.42 | 1.28 | 17 | ||
2022-02-17 | 2021-12-31 | 5.22 | 6.64 | 1.42 | 27 | ||
2021-10-28 | 2021-09-30 | 5.95 | 6.15 | 0.2 | 3 | ||
2021-07-22 | 2021-06-30 | 4.89 | 5.06 | 0.17 | 3 | ||
2021-04-22 | 2021-03-31 | 3.52 | 4.1 | 0.58 | 16 | ||
2021-02-18 | 2020-12-31 | 2.02 | 2.01 | -0.01 | 0 | ||
2020-10-22 | 2020-09-30 | 1.6 | 1.87 | 0.27 | 16 | ||
2020-07-23 | 2020-06-30 | 0.4 | 1.36 | 0.96 | 240 | ||
2020-04-23 | 2020-03-31 | 2.1 | 2.45 | 0.35 | 16 | ||
2020-02-20 | 2019-12-31 | 1.73 | 2.44 | 0.71 | 41 | ||
2019-10-24 | 2019-09-30 | 1.95 | 2.39 | 0.44 | 22 | ||
2019-07-25 | 2019-06-30 | 2.58 | 2.71 | 0.13 | 5 | ||
2019-04-25 | 2019-03-31 | 2.37 | 2.8 | 0.43 | 18 | ||
2019-02-21 | 2018-12-31 | 1.72 | 1.08 | -0.64 | 37 | ||
2018-10-25 | 2018-09-30 | 2.69 | 2.42 | -0.27 | 10 | ||
2018-07-26 | 2018-06-30 | 2.75 | 3.1 | 0.35 | 12 | ||
2018-04-26 | 2018-03-31 | 2.01 | 2.3 | 0.29 | 14 | ||
2018-02-15 | 2017-12-31 | 1 | 1.22 | 0.22 | 22 | ||
2017-10-26 | 2017-09-30 | 1.19 | 1.3 | 0.11 | 9 | ||
2017-07-27 | 2017-06-30 | 1.37 | 1.4 | 0.03 | 2 | ||
2017-04-27 | 2017-03-31 | 1.39 | 1.52 | 0.13 | 9 | ||
2017-02-16 | 2016-12-31 | 0.74 | 0.84 | 0.1 | 13 | ||
2016-10-20 | 2016-09-30 | 1.32 | 1.25 | -0.07 | 5 | ||
2016-07-21 | 2016-06-30 | 1.3 | 1.36 | 0.06 | 4 | ||
2016-04-21 | 2016-03-31 | 0.88 | 1.03 | 0.15 | 17 | ||
2016-02-18 | 2015-12-31 | 0.82 | 0.87 | 0.05 | 6 | ||
2015-10-22 | 2015-09-30 | 1.01 | 1.16 | 0.15 | 14 | ||
2015-07-23 | 2015-06-30 | 1.12 | 1.21 | 0.09 | 8 | ||
2015-04-23 | 2015-03-31 | 1.02 | 1.3 | 0.28 | 27 | ||
2015-02-19 | 2014-12-31 | 1.06 | 1.01 | -0.05 | 4 | ||
2014-10-23 | 2014-09-30 | 1.35 | 1.33 | -0.02 | 1 | ||
2014-07-24 | 2014-06-30 | 1.41 | 1.3 | -0.11 | 7 | ||
2014-04-24 | 2014-03-31 | 1.24 | 1.19 | -0.05 | 4 | ||
2014-02-20 | 2013-12-31 | 0.98 | 0.92 | -0.06 | 6 | ||
2013-10-24 | 2013-09-30 | 1.2 | 1.22 | 0.02 | 1 | ||
2013-07-25 | 2013-06-30 | 1.18 | 1.14 | -0.04 | 3 | ||
2013-04-25 | 2013-03-31 | 1.15 | 1.09 | -0.06 | 5 | ||
2013-02-21 | 2012-12-31 | 0.97 | 1.06 | 0.09 | 9 | ||
2012-10-25 | 2012-09-30 | 1.19 | 1.3 | 0.11 | 9 | ||
2012-07-26 | 2012-06-30 | 1.42 | 1.44 | 0.02 | 1 | ||
2012-04-26 | 2012-03-31 | 1.5 | 1.54 | 0.04 | 2 | ||
2012-02-16 | 2011-12-31 | 0.78 | 0.91 | 0.13 | 16 | ||
2011-10-27 | 2011-09-30 | 1.11 | 1.13 | 0.02 | 1 | ||
2011-07-28 | 2011-06-30 | 1.31 | 1.31 | 0.0 | 0 | ||
2011-04-28 | 2011-03-31 | 1.07 | 1.23 | 0.16 | 14 | ||
2011-02-17 | 2010-12-31 | 0.45 | 0.53 | 0.08 | 17 | ||
2010-10-21 | 2010-09-30 | 0.72 | 0.65 | -0.07 | 9 | ||
2010-07-22 | 2010-06-30 | 0.82 | 0.83 | 0.01 | 1 | ||
2010-04-22 | 2010-03-31 | 0.64 | 0.6 | -0.04 | 6 | ||
2010-02-18 | 2009-12-31 | 1.02 | 1.05 | 0.03 | 2 | ||
2009-10-22 | 2009-09-30 | 0.46 | 0.57 | 0.11 | 23 | ||
2009-07-23 | 2009-06-30 | 0.2 | -0.08 | -0.28 | 140 | ||
2009-04-23 | 2009-03-31 | 0.49 | 0.27 | -0.22 | 44 | ||
2009-02-19 | 2008-12-31 | 0.61 | 0.9 | 0.29 | 47 | ||
2008-10-16 | 2008-09-30 | 1.95 | 2.07 | 0.12 | 6 | ||
2008-07-17 | 2008-06-30 | 2.1 | 2.12 | 0.02 | 0 | ||
2008-04-17 | 2008-03-31 | 1.38 | 1.46 | 0.08 | 5 | ||
2008-02-21 | 2007-12-31 | 1.02 | 1.06 | 0.04 | 3 | ||
2007-10-18 | 2007-09-30 | 1.34 | 1.22 | -0.12 | 8 | ||
2007-07-19 | 2007-06-30 | 1.57 | 1.59 | 0.02 | 1 | ||
2007-04-19 | 2007-03-31 | 1.32 | 1.46 | 0.14 | 10 | ||
2007-02-15 | 2006-12-31 | 1.22 | 0.98 | -0.24 | 19 | ||
2006-10-19 | 2006-09-30 | 1.36 | 1.41 | 0.05 | 3 | ||
2006-07-20 | 2006-06-30 | 1.17 | 1.33 | 0.16 | 13 | ||
2006-04-20 | 2006-03-31 | 1 | 1.07 | 0.07 | 7 | ||
2006-02-16 | 2005-12-31 | 0.89 | 0.91 | 0.02 | 2 | ||
2005-10-20 | 2005-09-30 | 0.63 | 0.75 | 0.12 | 19 | ||
2005-07-21 | 2005-06-30 | 0.61 | 0.74 | 0.13 | 21 | ||
2005-04-21 | 2005-03-31 | 0.68 | 0.71 | 0.03 | 4 | ||
2005-02-17 | 2004-12-31 | 0.5 | 0.66 | 0.16 | 32 | ||
2004-10-21 | 2004-09-30 | 0.65 | 0.68 | 0.03 | 4 | ||
2004-07-15 | 2004-06-30 | 0.77 | 0.81 | 0.04 | 5 | ||
2004-04-15 | 2004-03-31 | 0.41 | 0.46 | 0.05 | 12 | ||
2004-02-19 | 2003-12-31 | 0.16 | 0.15 | -0.01 | 6 | ||
2003-10-16 | 2003-09-30 | 0.13 | 0.2 | 0.07 | 53 | ||
2003-07-17 | 2003-06-30 | 0.1 | 0.1 | 0.0 | 0 | ||
2003-04-17 | 2003-03-31 | 0.08 | 0.09 | 0.01 | 12 | ||
2003-02-20 | 2002-12-31 | 0.06 | 0.03 | -0.03 | 50 | ||
2002-10-17 | 2002-09-30 | 0.19 | 0.16 | -0.03 | 15 | ||
2002-07-18 | 2002-06-30 | 0.17 | 0.17 | 0.0 | 0 | ||
2002-04-18 | 2002-03-31 | 0.1 | 0.12 | 0.02 | 20 | ||
2002-02-21 | 2001-12-31 | 0.05 | 0.07 | 0.02 | 40 | ||
2001-10-18 | 2001-09-30 | 0.11 | 0.13 | 0.02 | 18 | ||
2001-07-19 | 2001-06-30 | 0.24 | 0.23 | -0.01 | 4 | ||
2001-04-19 | 2001-03-31 | 0.27 | 0.25 | -0.02 | 7 | ||
2001-02-15 | 2000-12-31 | 0.26 | 0.27 | 0.01 | 3 | ||
2000-10-19 | 2000-09-30 | 0.28 | 0.28 | 0.0 | 0 | ||
2000-07-20 | 2000-06-30 | 0.29 | 0.3 | 0.01 | 3 | ||
2000-04-20 | 2000-03-31 | 0.27 | 0.29 | 0.02 | 7 | ||
2000-02-17 | 1999-12-31 | 0.25 | 0.27 | 0.02 | 8 | ||
1999-10-21 | 1999-09-30 | 0.23 | 0.27 | 0.04 | 17 | ||
1999-07-22 | 1999-06-30 | 0.23 | 0.24 | 0.01 | 4 | ||
1999-04-22 | 1999-03-31 | 0.21 | 0.23 | 0.02 | 9 | ||
1999-02-18 | 1998-12-31 | 0.2 | 0.21 | 0.01 | 5 | ||
1998-10-22 | 1998-09-30 | 0.2 | 0.21 | 0.01 | 5 | ||
1998-07-23 | 1998-06-30 | 0.21 | 0.22 | 0.01 | 4 | ||
1998-04-23 | 1998-03-31 | 0.19 | 0.21 | 0.02 | 10 | ||
1998-02-19 | 1997-12-31 | 0.18 | 0.2 | 0.02 | 11 | ||
1997-10-22 | 1997-09-30 | 0.17 | 0.18 | 0.01 | 5 | ||
1997-07-24 | 1997-06-30 | 0.16 | 0.17 | 0.01 | 6 | ||
1997-04-24 | 1997-03-31 | 0.15 | 0.15 | 0.0 | 0 | ||
1997-02-20 | 1996-12-31 | 0.14 | 0.15 | 0.01 | 7 | ||
1996-10-24 | 1996-09-30 | 0.15 | 0.15 | 0.0 | 0 | ||
1996-07-25 | 1996-06-30 | 0.15 | 0.16 | 0.01 | 6 | ||
1996-04-25 | 1996-03-31 | 0.13 | 0.15 | 0.02 | 15 |
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Our tools can tell you how much better you can do entering a position in Reliance Steel without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Reliance Steel Corporate Directors
Reliance Steel corporate directors refer to members of a Reliance Steel board of directors. The board of directors generally takes responsibility for the Reliance Steel's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Reliance Steel's board members must vote for the resolution. The Reliance Steel board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Leslie Waite | Independent Director | Profile | |
| Douglas Hayes | Lead Independent Director | Profile | |
| Andrew Sharkey | Independent Director | Profile | |
| Robert McEvoy | Independent Director | Profile |
How to buy Reliance Stock?
The net worth of Reliance Steel Aluminum is the difference between its total assets and liabilities. Reliance Steel's net worth represents the value of the company's equity or ownership interest. In other words, it is the amount of money that would be left over if all of Reliance Steel's assets were sold and all of its debts were paid off. Net worth is sometimes referred to as shareholder's equity or book value. Reliance Steel's net worth can be used as a measure of its financial health and stability which can help investors to decide if Reliance Steel is a good investment. It is also essential in determining the company's creditworthiness and ability to secure financing before investing in Reliance Steel Aluminum stock.Already Invested in Reliance Steel Aluminum?
The danger of trading Reliance Steel Aluminum is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Reliance Steel is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Reliance Steel. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Reliance Steel Aluminum is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Reliance Steel Aluminum is a strong investment it is important to analyze Reliance Steel's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Reliance Steel's future performance. For an informed investment choice regarding Reliance Stock, refer to the following important reports: Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Reliance Steel Aluminum. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
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When running Reliance Steel's price analysis, check to measure Reliance Steel's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Reliance Steel is operating at the current time. Most of Reliance Steel's value examination focuses on studying past and present price action to predict the probability of Reliance Steel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Reliance Steel's price. Additionally, you may evaluate how the addition of Reliance Steel to your portfolios can decrease your overall portfolio volatility.
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Is Reliance Steel's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Reliance Steel. If investors know Reliance will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Reliance Steel listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.20) | Dividend Share 4 | Earnings Share 22.64 | Revenue Per Share 253.839 | Quarterly Revenue Growth (0.08) |
The market value of Reliance Steel Aluminum is measured differently than its book value, which is the value of Reliance that is recorded on the company's balance sheet. Investors also form their own opinion of Reliance Steel's value that differs from its market value or its book value, called intrinsic value, which is Reliance Steel's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Reliance Steel's market value can be influenced by many factors that don't directly affect Reliance Steel's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Reliance Steel's value and its price as these two are different measures arrived at by different means. Investors typically determine if Reliance Steel is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Reliance Steel's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.