Silgan (NASDAQ:SLGN) will be announcing its earnings results after the market closes on Wednesday, April 25th. Analysts expect the company to announce earnings of $0.39 per share for the quarter. Silgan has set its FY18 guidance at $2.03-2.13 EPS.
Silgan (NASDAQ:SLGN) last issued its quarterly earnings data on Tuesday, January 30th. The industrial products company reported $0.32 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.32. The business had revenue of $995.70 million during the quarter, compared to the consensus estimate of $970.24 million. Silgan had a net margin of 6.59% and a return on equity of 30.15%. The firm’s revenue was up 23.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.48 EPS. On average, analysts expect Silgan to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Shares of NASDAQ:SLGN opened at $27.60 on Monday. The company has a market capitalization of $3,046.63, a P/E ratio of 16.83, a P/E/G ratio of 1.32 and a beta of 0.48. The company has a quick ratio of 0.60, a current ratio of 1.35 and a debt-to-equity ratio of 3.18. Silgan has a one year low of $26.97 and a one year high of $32.50.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 30th. Investors of record on Friday, March 16th were paid a $0.10 dividend. This is an increase from Silgan’s previous quarterly dividend of $0.09. The ex-dividend date was Thursday, March 15th. This represents a $0.40 annualized dividend and a yield of 1.45%. Silgan’s dividend payout ratio is presently 24.24%.
In other news, CFO Robert B. Lewis sold 15,000 shares of the firm’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $29.01, for a total transaction of $435,150.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director D Greg Horrigan sold 69,121 shares of the firm’s stock in a transaction 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 have sold 468,655 shares of company stock valued at $13,206,189 in the last ninety days. Insiders own 33.10% of the company’s stock.
Several equities analysts recently commented on SLGN shares. Vertical Research raised shares of Silgan from a “hold” rating to a “buy” rating in a research note on Tuesday, January 23rd. Zacks Investment Research raised shares of Silgan from a “hold” rating to a “buy” rating and set a $33.00 price objective for the company in a research note on Tuesday, December 26th. ValuEngine downgraded shares of Silgan from a “hold” rating to a “sell” rating in a research note on Monday, April 2nd. JPMorgan Chase downgraded shares of Silgan from a “neutral” rating to an “underweight” rating and set a $30.00 price objective for the company. in a research note on Wednesday, January 17th. Finally, Bank of America downgraded shares of Silgan from a “neutral” rating to an “underperform” rating in a research note on Tuesday, January 2nd. 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. Silgan presently has an average rating of “Hold” and an average price target of $31.18.
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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.
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