Silgan (SLGN) will publish its quarterly results on Tuesday
Silgan Inc (NASDAQ:SLGN) is expected to report earnings after the market closes on Tuesday, January 25. Analysts expect the company to report earnings of $0.73 per share for the quarter.
Silgan Inc (NASDAQ:SLGN) last announced its results on Wednesday, October 27. The industrial products company reported earnings per share of $1.02 for the quarter, missing the consensus estimate of $1.04 per ($0.02). The company posted revenue of $1.65 billion in the quarter, compared to $1.59 billion expected by analysts. Silgan had a net margin of 6.12% and a return on equity of 26.60%. Silgan’s revenue for the quarter increased 10.9% compared to the same quarter last year. In the same quarter last year, the company posted earnings per share of $1.04. On average, analysts expect Silgan to post EPS of $3 for the current fiscal year and EPS of $4 for the next fiscal year.
Shares of SLGN Stock opened at $42.98 on Tuesday. The company has a market capitalization of $4.75 billion, a PE ratio of 14.28, a growth price-earnings ratio of 2.30 and a beta of 0.81. The company has a fifty-day simple moving average of $42.21 and a 200-day simple moving average of $41.17. The company has a current ratio of 1.07, a quick ratio of 0.70 and a debt ratio of 2.19. Silgan has a 12-month low of $35.61 and a 12-month high of $44.55.
The company also recently announced a quarterly dividend, which was paid on Wednesday, December 15. Shareholders of record on Wednesday, December 1 received a dividend of $0.14. The ex-dividend date was Tuesday, November 30. This represents an annualized dividend of $0.56 and a dividend yield of 1.30%. Silgan’s dividend payout ratio (DPR) is currently 18.60%.
Separately, CFO Robert B. Lewis sold 20,000 shares in a trade dated Monday, November 22. The shares were sold at an average price of $42.13, for a total value of $842,600.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, accessible via this link. Also, President Anthony J. Allot sold 60,000 shares in a trade dated Monday, November 15. The shares were sold at an average price of $42.47, for a total transaction of $2,548,200.00. Disclosure of this sale can be found here. 24.38% of the shares are currently held by company insiders.
A hedge fund recently increased its stake in Silgan shares. Jane Street Group LLC increased its stake in Silgan Holdings Inc. (NASDAQ:SLGN) by 108.5% in the third quarter, according to its latest filing with the Securities & Exchange Commission. The institutional investor held 10,085 shares of the industrial products company after purchasing an additional 5,248 shares during the period. Jane Street Group LLC’s holdings in Silgan were worth $387,000 at the end of the last quarter. 67.95% of the shares are currently held by institutional investors.
Several research analysts have recently weighed in on SLGN shares. BMO Capital Markets raised its price target on Silgan shares from $50.00 to $52.00 and gave the company an “outperform” rating in a Wednesday, September 22 research note. Loop Capital launched a hedge on Silgan shares in a report on Tuesday, October 5. They issued a “buy” rating and a price target of $62.00 on the stock. Citigroup raised its price target on Silgan shares from $45.00 to $47.00 in a report on Tuesday, January 4. Royal Bank of Canada raised its price target on Silgan shares from $49.00 to $50.00 and gave the company an “outperform” rating in a Thursday, Oct. 28 report. Finally, JPMorgan Chase & Co. downgraded Silgan’s shares from a “neutral” rating to an “underweight” rating and lowered its price target for the company from $44.00 to $40.00 in a Friday, October 1 report. One analyst has assigned the stock a sell rating, three have issued a hold rating and seven have assigned the stock a buy rating. According to MarketBeat.com, Silgan currently has an average rating of “Buy” and an average target price of $49.36.
Silgan Holdings, Inc. is engaged in the manufacture and sale of rigid packaging for consumer products. It operates through the following business segments: Metal Containers, Closures and Plastic Containers. The Metal Containers segment includes steel and aluminum containers for food and feed, as well as general line products.
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