Ranpak (PACK) Scheduled to Post Earnings on Thursday

Ranpak (NYSE:PACK) is scheduled to post its quarterly earnings results before the market opens on Thursday, August 1st.

Ranpak (NYSE:PACK) last released its quarterly earnings results on Thursday, May 2nd. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.04). The company had revenue of $85.30 million during the quarter, compared to analysts’ expectations of $85.50 million. Ranpak had a negative net margin of 6.70% and a negative return on equity of 3.97%. Ranpak’s revenue for the quarter was up 5.0% on a year-over-year basis.

Ranpak Trading Up 2.8 %

Shares of Ranpak stock traded up $0.20 on Friday, reaching $7.31. The company had a trading volume of 23,460 shares, compared to its average volume of 536,972. The firm’s 50 day moving average price is $6.41 and its two-hundred day moving average price is $6.14. The firm has a market cap of $606.66 million, a PE ratio of -26.11 and a beta of 2.39. Ranpak has a 52-week low of $2.63 and a 52-week high of $8.29. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.06 and a current ratio of 2.44.

Analysts Set New Price Targets

Several brokerages recently weighed in on PACK. Robert W. Baird upped their target price on shares of Ranpak from $7.00 to $8.00 and gave the stock an “outperform” rating in a research note on Friday, May 3rd. Craig Hallum reissued a “buy” rating and issued a $10.00 price objective on shares of Ranpak in a research report on Thursday, June 20th.

Insider Buying and Selling at Ranpak

In other Ranpak news, Director Michael Anthony Jones sold 15,625 shares of the stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $6.41, for a total value of $100,156.25. Following the sale, the director now directly owns 214,859 shares of the company’s stock, valued at approximately $1,377,246.19. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 8.40% of the company’s stock.

Ranpak Company Profile

Ranpak Holdings Corp., together with its subsidiaries, provides product protection solutions and end-of-line automation solutions for e-commerce and industrial supply chains in North America, Europe, and Asia. The company offers protective packaging solutions, such as void-fill protective systems that convert paper to fill empty spaces in secondary packages and protect objects under the FillPak brand; cushioning protective systems, which convert paper into cushioning pads under the PadPak brand; and wrapping protective systems that create pads or paper mesh to wrap and protect fragile items, as well as to line boxes and provide separation when shipping various objects under the WrapPak, Geami, and ReadyRoll brands, as well as cold chain products, which are used to provide insulation for goods.