Economy

EPS for Reliance Steel & Aluminum Co (RS) Expected At $1.25

For the past 5 years, the company's revenue has grown 18.2%, while the company's earnings per share has grown 15.6%. With 62,200 avg volume, 1 days are for VESTAS WIND ADR (OTCMKTS:VWDRY)'s short sellers to cover VWDRY's short positions. Research analysts covering the stock are projecting that it will reach $85.29 within the next year. About shares traded. Chromadex Corp (NASDAQ:CDXC) has declined 38.10% since September 29, 2016 and is downtrending. It has underperformed by 22.30% the S&P500.

According to the the latest analyst ratings which have been released, 2 brokers have issued a rating of "buy", 4 brokers "outperform", 3 brokers "hold", 0 brokers "underperform" and 0 brokers "sell". Therefore 20% are positive. -12.97% (High), 18.42%, (Low). The stock tapped a 52-week high of US$95.05 while the mean 12-month price target for the shares is US$73.92. The rating was upgraded by KeyBanc Capital Markets to "Overweight" on Monday, January 9. Jefferies Group LLC reaffirmed a "hold" rating and issued a $72.00 price target on shares of Reliance Steel & Aluminum Co.in a report on Wednesday, July 19th. As per Tuesday, November 29, the company rating was downgraded by Macquarie Research. The company was downgraded on Monday, March 21 by Jefferies. Bank of America upgraded the stock to "Buy" rating in Tuesday, May 23 report. The hedge fund held 2,550,984 stocks of the industrial products firms shares following purchasing an extra 50,208 shares through out the period. The firm has "Buy" rating given on Thursday, July 27 by Cowen & Co. On Friday, June 23 the stock rating was maintained by Deutsche Bank with "Buy".

The stock increased 0.21% or $0.16 on September 28, reaching $76.26. Jefferies Group LLC restated a "hold" rating on shares of Reliance Steel & Aluminum Co.in a report on Thursday, August 31st. It has underperformed by 16.57% the S&P500. The company has market cap of $4.23 billion.

Reliance Steel & Aluminum Co is a metals service center company in North America (the United States and Canada). It has a 42.8 P/E ratio. As of December 31, 2016, it provided metals processing services and distributes a range of more than 100,000 metal products, including alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium and specialty steel products in a range of industries.

Investors sentiment increased to 1.23 in 2017 Q2. Its down 0.10, from 1.17 in 2017Q1. 39 funds opened positions while 122 raised stakes. BlackRock has an ownership of 6,959,142 stocks of the industrial products firms shares valued at $506,694,000 following purchasing an extra 277,846 stocks in the previous period. 7,929 are held by Svcs Automobile Association. Franklin holds 0.01% or 187,182 shares. The industrial products company reported $0.84 earnings per share for the quarter, missing the consensus estimate of $1.29 by ($0.45). It also reduced Costco Whsl Corp New (NASDAQ:COST) stake by 163,361 shares and now owns 427,710 shares. Centurylink Investment Mngmt accumulated 17,852 shares. Dimensional Fund Advisors Lp holds 2.55 million shares. 4,600 were reported by Trexquant Invest Ltd Partnership.

Reliance Steel & Aluminum Company (RS) presently has a 14-day Commodity Channel Index (CCI) of 168.48. The legal version of this article can be read at https://www.dispatchtribunal.com/2017/10/02/reliance-steel-aluminum-co-rs-shares-sold-by-profund-advisors-llc.html. Dupont Cap Mgmt Corporation holds 41,364 shares or 0.07% of its portfolio. Zwj Counsel Inc holds 0.03% of its portfolio in Mid-America Apartment Communities Inc (NYSE:MAA) for 3,101 shares. Amalgamated Bank boosted its stake in shares of Reliance Steel & Aluminum Co.by 25.8% in the second quarter.

Brokerages expect that Reliance Steel & Aluminum Co (NYSE:RS) will post $1.39 earnings per share for the current quarter, Zacks Investment Research reports. (NYSE:RS)'s earnings per share has been growing at a -1.9 percent rate over the past 5 year when average revenue increase was noted as 1.2 percent. RS's profit will be $91.14 million for 15.25 P/E if the $1.25 EPS becomes a reality. After $1.40 actual earnings per share reported by Reliance Steel & Aluminum Co for the previous quarter, Wall Street now forecasts -10.71% negative EPS growth. The company has market cap of $200.05 million. The Firm allows its business units to discover, acquire, develop and commercialize ingredient technologies that address the dietary supplement, food, beverage, skin care and pharmaceutical markets.

Price-to-Earnings Ratio is the current share price divided by annual earnings per share.



Like this

loading...
loading...

Latest


03 October 2017
Justice League Movie Gets Twitter Emojis
Simmons, Willem Dafoe, Connie Nielsen, Julian Lewis Jones and Ciarán Hinds and releases in the United States on November 17th. Released in 2016, this saw the Man of Steel's status placed in doubt, after he was seemingly dead.

03 October 2017
SSN: Cowboys drop their week 4 game with the Rams 35-30
FLIP THE SCRIPT: The Cowboys stressed getting off to a better start after a sluggish first half in two straight games. The two teams had the ball for nearly the same amount of game time with the Rams getting just about a minute more.

03 October 2017
The DACA alternatives help no one
Rodriguez is open about her status in order to "show the world what undocumented immigrants and DACA recipients look like". It seems, however, that our reputation is once again threatened by the current administration, leaving many up in arms.

03 October 2017
AMD Radeon RX Vega bares its teeth in Forza Motorsport 7
We've also found enabling V-Sync to cause more issues, despite the limited fps. The drivers were the Crimson ReLive 17.9.3 or the GeForce 385.69 installed.

03 October 2017
Southwest Airlines Company (NYSE:LUV) Upgraded at JP Morgan Chase & Co
The stock of Southwest Airlines Co (NYSE:LUV) has "Equal-Weight" rating given on Thursday, January 7 by Morgan Stanley. The Ws Management Lllp holds 1.99 million shares with $123.70 million value, up from 160,000 last quarter.

03 October 2017
Flu vaccine in Wales extended to Year 4 pupils
Harris said the vaccine can save lives, and encouraged all unions and health institutions to get behind the programme. The influenza vaccine takes about two weeks to begin offering full protection, but then lasts for about six months.

03 October 2017
Crude Oil Tumbles On OPEC Report
With supplies outpacing demand, the glut of oil is expected to linger in 2018. EFS *Brent's premium to Dubai swaps for December was at $1.94 per barrel.

03 October 2017
Yashwant for dialogue to resolve J&K issue
He suggested a two-stage process, by first starting a dialogue process with the people of the state, and then one with Pakistan. He expressed sadness about the situation in J&K, claiming that it had been "the longest issue with us since our independence".

03 October 2017
Penn State's Saquon Barkley adds to his Heisman case
Washington led Penn State in kills with 11 against IL , a team that boasted the top blocking middle heading into the weekend. Fitzgerald, a former all-America linebacker at Northwestern, called him "maybe the best player I've ever seen on tape".

03 October 2017
Trial of alleged ringleader of Benghazi attack begins in Washington
The evidence would show that other people were the "brains" of the operation, defense attorney Jeffrey Robinson told the jury. Robinson also said Abu Khattala was a deeply religious man who believes in conservative sharia law as outlined in the Quran.