Silgan (SLGN) Projected to Post Quarterly Earnings on Wednesday

Silgan (NYSE:SLGN) is expected to release its earnings data before the market opens on Wednesday, January 29th. Analysts expect Silgan to post earnings of $0.82 per share and revenue of $1,407,400.00 billion for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Silgan (NYSE:SLGN) last announced its earnings results on Wednesday, October 30th. The industrial products company reported $1.21 EPS for the quarter, missing the consensus estimate of $1.23 by ($0.02). The business had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.82 billion. Silgan had a return on equity of 18.76% and a net margin of 5.11%. The firm’s revenue was down 3.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.16 earnings per share. On average, analysts expect Silgan to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Silgan Stock Down 0.1 %

Shares of NYSE SLGN opened at $52.46 on Monday. Silgan has a 12-month low of $41.14 and a 12-month high of $58.14. The company has a market cap of $5.60 billion, a price-to-earnings ratio of 19.01, a price-to-earnings-growth ratio of 1.26 and a beta of 0.71. The company has a quick ratio of 0.75, a current ratio of 1.09 and a debt-to-equity ratio of 1.24. The firm’s 50-day simple moving average is $53.68 and its 200 day simple moving average is $51.61.

Silgan Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.45%. The ex-dividend date was Monday, December 2nd. Silgan’s dividend payout ratio is 27.54%.

Analyst Upgrades and Downgrades

SLGN has been the subject of several analyst reports. Bank of America boosted their target price on Silgan from $60.00 to $61.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. Truist Financial upped their target price on shares of Silgan from $63.00 to $69.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Royal Bank of Canada lifted their price target on shares of Silgan from $58.00 to $63.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. Finally, StockNews.com cut shares of Silgan from a “buy” rating to a “hold” rating in a research report on Wednesday, October 9th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $59.75.

Silgan Company Profile

Silgan Holdings Inc, together with its subsidiaries, manufactures and sells rigid packaging solutions for consumer goods products in the United States and internationally. It operates through three segments: Dispensing and Specialty Closures, Metal Containers, and Custom Containers. The Dispensing and Specialty Closures segment offers a range of metal and plastic closures, and dispensing systems for food, beverage, health care, garden, home, personal care, beauty products, and hard surface cleaning products, as well as capping/sealing equipment and detection systems.