Silgan (SLGN) to Release Earnings on Wednesday

Silgan (NYSE:SLGN) is projected to post its quarterly earnings results 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. Parties that wish to listen to the company’s conference call can do so using this link.

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

Silgan Stock Performance

NYSE SLGN opened at $53.00 on Wednesday. The firm has a market cap of $5.66 billion, a price-to-earnings ratio of 19.20, a PEG ratio of 1.21 and a beta of 0.71. The company has a 50-day simple moving average of $53.79 and a two-hundred day simple moving average of $51.40. The company has a quick ratio of 0.75, a current ratio of 1.09 and a debt-to-equity ratio of 1.24. Silgan has a 12-month low of $41.14 and a 12-month high of $58.14.

Silgan Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date of this dividend was Monday, December 2nd. Silgan’s payout ratio is 27.54%.

Analysts Set New Price Targets

Several analysts have commented on the stock. Royal Bank of Canada raised their price objective on shares of Silgan from $58.00 to $63.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th. StockNews.com downgraded shares of Silgan from a “buy” rating to a “hold” rating in a research note on Wednesday, October 9th. Truist Financial increased their price objective on Silgan from $63.00 to $69.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Finally, Bank of America lifted their target price on shares of Silgan from $60.00 to $61.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average 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.