Reliance Steel & Aluminum Co. moved 3.0% this evening session, trading between a high of $286.4 and a low of $278.85 per share. Yesterday the stock finished at $277.62 per share, compared to an average analyst target price of $295.33.
Reliance Steel & Aluminum Co. operates as a diversified metal solutions provider and the metals service center company in the United States, Canada, and internationally. The large-cap metal fabrications company is based in the United States, and over the last twelve months it has returned a dividend yield of 1.4%. Reliance Steel & Aluminum Co. has trailing twelve months earnings per share (EPS) of 25.35, which at today's prices amounts to a price to earnings (P/E) ratio of 11.3.
Based on its expected future earnings growth, the company has a price to earnings growth (PEG) ratio of -4.14. Usually a PEG ratio between 0 and 1 indicates a potentially undervalued company.
Overview of the Company's Gross Margins:
| Date Reported | Revenue ($ k) | Cost of Revenue ($ k) | Gross Margins (%) | YoY Growth (%) |
|---|---|---|---|---|
| 2023-02-28 | 17,025,000 | -11,773,700 | 31 | -3.12 |
| 2022-02-24 | 14,093,300 | -9,603,000 | 32 | 3.23 |
| 2021-02-25 | 8,811,900 | -6,036,800 | 31 | 3.33 |
| 2020-02-27 | 10,973,800 | -7,644,400 | 30 | 7.14 |
| 2019-02-27 | 11,534,500 | -8,253,000 | 28 | 0.0 |
| 2018-02-28 | 9,721,000 | -6,933,200 | 28 |
Reliance Steel & Aluminum Co.'s 30.0% average gross margins are thinner than the 32.76% average of the Metal Fabrication industry, implying that the firm might be lacking in competitivity.
