Reliance Steel & Aluminum Co. (NYSE:RS) Updates On Dividend Release Date


On 2016-07-21, Reliance Steel & Aluminum Co. (NYSE:RS) confirmed the dividend disbursement of $0.425 a share to shareholders as on record 2016-08-12. The firm will release dividend on 2016-09-09 while ex-dividend date is reported to be 2016-08-10.

The shareholders who will hold their stock holding till the ex-dividend date will receive payout. Last year, Reliance Steel & Aluminum Co. (NYSE:RS) paid a total of $0.425 per share in dividends. This figure stood at $0.425 a share in the same period a year ago indicating a deviation of 14.2857%.

Analyst Opinion The sell-side market experts layering the stock estimates have established a price target of $78.857 on the stock. This figure is the average of recommendations offered by 7 brokerages. The brokerages had set bullish as well as bearish price estimates, which stands at $86 and $72, respectively.

Taking the mathematical rating formula, the price for Reliance Steel & Aluminum Co. (NYSE:RS) stands at 2.63. Earnings Review Reliance Steel & Aluminum Co. (NYSE:RS) will report its quarterly earnings for the period ending on 2016-09-30 by 2016-10-20. For the period ending on 2016-09-30, experts are expecting EPS of $1.3.

Coming to the quarter ending on 2015-12-31, Reliance Steel & Aluminum Co. (NYSE:RS) recorded EPS of $1.36. The reported numbers came lower than the analysts’ estimates of $1.31, demonstrating a miss of $0.05 as against reported figures.

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