Silgan (SLGN) Receiving Somewhat Favorable Media Coverage, Accern Reports

Media headlines about Silgan (NASDAQ:SLGN) have been trending somewhat positive recently, Accern Sentiment reports. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Silgan earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave media coverage about the industrial products company an impact score of 45.4460808865178 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:

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Silgan stock opened at $27.79 on Friday. The company has a quick ratio of 0.60, a current ratio of 1.35 and a debt-to-equity ratio of 3.18. The company has a market capitalization of $3,086.37, a PE ratio of 16.84, a P/E/G ratio of 1.34 and a beta of 0.48. Silgan has a 12-month low of $26.97 and a 12-month high of $32.50.

Silgan (NASDAQ:SLGN) last posted its quarterly earnings data on Tuesday, January 30th. The industrial products company reported $0.32 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.32. The business had revenue of $995.70 million during the quarter, compared to analysts’ expectations of $970.24 million. Silgan had a net margin of 6.59% and a return on equity of 30.15%. The business’s revenue was up 23.6% on a year-over-year basis. During the same period last year, the firm posted $0.48 earnings per share. sell-side analysts anticipate that Silgan will post 2.09 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 30th. Stockholders of record on Friday, March 16th were issued a $0.10 dividend. The ex-dividend date of this dividend was Thursday, March 15th. This is a boost from Silgan’s previous quarterly dividend of $0.09. This represents a $0.40 annualized dividend and a dividend yield of 1.44%. Silgan’s dividend payout ratio (DPR) is 24.24%.

Several equities research analysts have commented on the stock. Zacks Investment Research lowered shares of Silgan from a “buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. Vertical Research upgraded shares of Silgan from a “hold” rating to a “buy” rating in a research note on Tuesday, January 23rd. JPMorgan Chase lowered shares of Silgan from a “neutral” rating to an “underweight” rating and set a $30.00 price target on the stock. in a research note on Wednesday, January 17th. Bank of America lowered shares of Silgan from a “neutral” rating to an “underperform” rating in a research note on Tuesday, January 2nd. Finally, Citigroup dropped their price target on shares of Silgan from $33.00 to $31.00 and set a “neutral” rating on the stock in a research note on Thursday, April 5th. Six equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $31.18.

In other news, CFO Robert B. Lewis sold 15,000 shares of the stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $29.01, for a total value of $435,150.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director D Greg Horrigan sold 69,121 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $28.69, for a total transaction of $1,983,081.49. The disclosure for this sale can be found here. Insiders sold 468,655 shares of company stock valued at $13,206,189 over the last quarter. Insiders own 33.10% of the company’s stock.

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Silgan Company Profile

Silgan Holdings Inc, together with its subsidiaries, manufactures and sells rigid packaging for consumer goods products worldwide. It operates through three segments: Metal Containers, Closures, and Plastic Containers. The Metal Containers segment manufactures and sells steel and aluminum containers for food products, such as soups, vegetables, fruit, meat, tomato based products, seafood, coffee, adult nutritional drinks, pet food, and other miscellaneous food products, as well as general line metal containers primarily for chemicals.

Insider Buying and Selling by Quarter for Silgan (NASDAQ:SLGN)

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