Key Points:
- Reliance, Inc. (RS, Financial) maintains a quarterly dividend of $1.20 per share, with a yield of 1.7%.
- Company earnings surpass expectations with a Non-GAAP EPS of $3.77 and revenue totaling $3.48 billion.
- Analysts project a potential upside of 15.87% from the current stock price of $283.11.
Reliance, Inc. Dividend Announcement
Reliance, Inc. (RS) has confirmed that it will continue its quarterly dividend payment of $1.20 per share, translating to a yield of 1.7%. This announcement comes on the heels of the company's robust financial performance, where it achieved a Non-GAAP EPS of $3.77, surpassing market expectations. Additionally, Reliance reported a significant revenue figure of $3.48 billion. Investors of record on May 23 will receive their dividend payouts on June 6.
Analyst Price Targets and Recommendations
Looking into the future, seven analysts have presented one-year price targets for Reliance Inc (RS, Financial), with an average target of $328.03. The highest forecast stands at $362.00, while the lowest is $307.23. Overall, these targets suggest a potential upside of 15.87% from the current stock price of $283.11. Investors seeking more detailed analyst estimates can visit the Reliance Inc (RS) Forecast page.
Furthermore, nine brokerage firms have provided an average recommendation of 2.6 for Reliance Inc (RS, Financial), signaling a "Hold" consensus. This rating is derived from a 1 to 5 scale, where 1 indicates a Strong Buy and 5 suggests a Sell.
Understanding the GuruFocus GF Value
According to GuruFocus, the projected GF Value for Reliance Inc (RS, Financial) one year from now is estimated at $264.96. This implies a potential downside of 6.41% relative to the current trading price of $283.11. The GF Value is a valuation metric designed to estimate the fair trading value of a stock. It is calculated by examining the historical trading multiples, past business growth, and anticipated future performance of the company. For more comprehensive data and insights, investors can review the Reliance Inc (RS) Summary page.
