Reliance Steel & Aluminum Co. Reports Fourth Quarter And Full Year 2015 Financial Results

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Go back to Reliance Steel & Aluminum Co. Reports Fourth Quarter And Full Year 2015 Financial Results

BofA/Merrill Lynch Downgrades Reliance Steel & Aluminum (RS) to Neutral

February 19, 2016 7:05 AM EST

BofA/Merrill Lynch downgraded Reliance Steel & Aluminum (NYSE: RS) from Buy to Neutral with a price target of $62.00 (from $59.00).

For an analyst ratings summary and ratings history on Reliance Steel & Aluminum click here.... More

Reliance Steel (RS) Tops Q4 EPS by 5c, Quides Q1 EPS Below Views

February 18, 2016 7:40 AM EST

Reliance Steel (NYSE: RS) reported Q4 EPS of $0.87, $0.05 better than the analyst estimate of $0.82. Revenue for the quarter came in at $2.03 billion versus the consensus estimate of $2.14 billion.

GUIDANCE:

Reliance Steel sees Q1 2016 EPS of $0.80-$0.90, versus the consensus of $1.07.

Reliance management is confident in the Company's continued... More