Reliance Steel & Aluminum Co. (NYSE:RS) is set to announce second quarter earning results on Thursday 23rd July 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, RS to report 2Q20 income of $ 0.40 per share.
For the full year, analysts anticipate top line of $ 8833.25 million, while looking forward to income of $ 5.66 per share bottom line.
Previous Quarter Performance
Reliance Steel & Aluminum Co. outlined income for the first quarter of $ 2.45 per share, from the revenue of $ 2,673.00 million. The quarterly earnings shrunk 12.50 percent while revenues contracted 9.59 percent compared with the same quarter last year.
Wall street analysts are predicting, RS to report 1Q20 income of $ 2.10 per share from revenue of $ 2660.48 million. The bottom line results beat street analysts by $ 0.35 or 16.67 percent, at the same time, top line results outshined analysts by $ 12.52 million or 0.47 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of RS was $ 96.50, representing a 36.74 % increase from the 52 week low of $ 70.57 and a 21.01 % decrease over the 52 week high of $ 122.17.
The company has a market capital of $ 6.14 billion and is part of the Basic Materials sector and Steel industry.
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Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.625 per share on April 21, 2020. The dividend were payable on June 12, 2020 to holders of record as of the close of business on May 29, 2020 and ex-dividend date on May 28, 2020.
Conference Call
Reliance Steel & Aluminum Co. will be hosting a conference call at 11:00 AM eastern time on 23rd July 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.rsac.com
Reliance Steel & Aluminum Co. operates as a metals service center company. The company provides alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium, and specialty steel products and related processing services to general manufacturing, non-residential construction, transportation, aerospace and defense, energy, electronics and semiconductor fabrication, auto, and heavy industries.
