Today, the SVP, General Counsel, Corp Sec of Reliance Steel (RS), William A. Smith, sold shares of RS for $440.9K.
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Based on Reliance Steel’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $2.97 billion and quarterly net profit of $148 million. In comparison, last year the company earned revenue of $2.45 billion and had a net profit of $97.3 million. RS’s market cap is $5.64B and the company has a P/E ratio of 6.81. Currently, Reliance Steel has an average volume of 348.1K.
Based on 6 analyst ratings, the analyst consensus is Hold with an average price target of $92.20, reflecting a 15.5% upside.
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Reliance Steel & Aluminum Co. engages in processing and distributing of metal products. Its products include alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium, and specialty steel products.
