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Jefferies Cuts Price Target on Reliance Steel (RS) Following 3Q EPS Miss and Guidance

Go back to Jefferies Cuts Price Target on Reliance Steel (RS) Following 3Q EPS Miss and Guidance

Reliance Steel (RS) Declares $0.425 Quarterly Dividend; 2.3% Yield

October 20, 2016 6:56 AM EDT

Reliance Steel (NYSE: RS) declared a quarterly dividend of $0.425 per share, or $1.7 annualized.

The dividend will be payable on December 16, 2016, to stockholders of record on November 18, 2016, with an ex-dividend date of November 16, 2016.

The annual yield on the dividend is 2.3 percent.

For a... More

Reliance Steel (RS) Misses Q3 EPS by 7c; Guides Lower

October 20, 2016 6:54 AM EDT

Reliance Steel (NYSE: RS) reported Q3 EPS of $1.25, $0.07 worse than the analyst estimate of $1.32. Revenue for the quarter came in at $2.19 billion versus the consensus estimate of $2.22 billion.

GUIDANCE:

Reliance Steel sees Q4 2016 EPS of $0.65-$0.75, versus the consensus... More

Trading Radar for 10/20: Microsoft (MSFT), Verizon (VZ), Walgreens Boots (WBA), AMD (AMD), Travelers (TRV) Report

October 19, 2016 2:32 PM EDT

The Trading Radar highlights key earnings and economic announcements for the next trading session:

Before Markets Open:
Economics:
8:30am EDT

Initial Claims - Street sees 249kContinuing Claims - no Street consensusPhiladelphia Fed - Street sees 5.5

Earnings:

Acme United (Nasdaq: ACU (Nasdaq: $0.36
Alaska Air Group (Nasdaq: ALK (Nasdaq: $2.07
Alliance Data Systems (Nasdaq: ADS (Nasdaq: $4.44
American Airlines (Nasdaq: AAL (Nasdaq: $1.57
Bank of New York (Nasdaq: BK (Nasdaq: $0.81
BankUnited (Nasdaq: BKU (Nasdaq: $0.53
Bladex (Nasdaq: BLX (Nasdaq: $0.85
DST Systems (Nasdaq: DST (Nasdaq: $1.47
Dana Holdings (Nasdaq: DAN (Nasdaq:... More