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.



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