Silgan (SLGN) to Release 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. Parties that wish to register for the company’s conference call can do so using this link.

Silgan (NYSE:SLGN) last announced its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $1.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.02). The firm had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.82 billion. Silgan had a net margin of 5.11% and a return on equity of 18.76%. The company’s revenue was down 3.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $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 Price Performance

SLGN opened at $53.38 on Tuesday. The company has a market capitalization of $5.70 billion, a price-to-earnings ratio of 19.34, a PEG 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 has a 50-day moving average price of $53.67 and a 200-day moving average price of $51.68. Silgan has a twelve month low of $41.14 and a twelve month high of $58.14.

Silgan Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were issued a dividend of $0.19 per share. The ex-dividend date was Monday, December 2nd. This represents a $0.76 dividend on an annualized basis and a yield of 1.42%. Silgan’s payout ratio is 27.54%.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Bank of America increased their price objective on Silgan from $60.00 to $61.00 and gave the stock a “buy” rating in a report on Monday, January 6th. StockNews.com cut 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 stock a “buy” rating in a research report on Monday, January 6th. Finally, Royal Bank of Canada raised their price target on Silgan from $58.00 to $63.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. Two equities research 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, Silgan has a consensus rating of “Moderate Buy” and a consensus target price of $59.75.

About Silgan

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.