Reynolds Consumer Products (NASDAQ:REYN) Issues Quarterly Earnings Results, Hits Expectations

Reynolds Consumer Products (NASDAQ:REYN) issued its earnings results on Wednesday. The company reported $0.58 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.58, Zacks reports. Reynolds Consumer Products had a return on equity of 18.27% and a net margin of 10.03%. Reynolds Consumer Products updated its FY 2025 guidance to 1.610-1.680 EPS and its Q1 2025 guidance to 0.220-0.240 EPS.

Reynolds Consumer Products Stock Down 3.1 %

NASDAQ REYN traded down $0.86 on Wednesday, reaching $26.95. The company had a trading volume of 123,919 shares, compared to its average volume of 483,640. The company has a quick ratio of 0.89, a current ratio of 2.04 and a debt-to-equity ratio of 0.84. The stock has a market capitalization of $5.66 billion, a P/E ratio of 15.38 and a beta of 0.50. The company’s fifty day moving average is $27.34 and its 200 day moving average is $28.83. Reynolds Consumer Products has a 52-week low of $25.88 and a 52-week high of $32.65.

Reynolds Consumer Products Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued a dividend of $0.23 per share. The ex-dividend date is Friday, February 14th. This represents a $0.92 annualized dividend and a yield of 3.41%. Reynolds Consumer Products’s dividend payout ratio (DPR) is currently 52.57%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on REYN shares. JPMorgan Chase & Co. cut their target price on shares of Reynolds Consumer Products from $30.00 to $28.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Barclays dropped their price target on Reynolds Consumer Products from $28.00 to $27.00 and set an “equal weight” rating on the stock in a research note on Friday, January 17th. UBS Group reduced their price objective on Reynolds Consumer Products from $30.00 to $29.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $32.00 target price on shares of Reynolds Consumer Products in a research report on Monday. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $30.86.

Insiders Place Their Bets

In other Reynolds Consumer Products news, Director Rolf Stangl bought 3,682 shares of Reynolds Consumer Products stock in a transaction dated Thursday, December 19th. The stock was bought at an average cost of $27.50 per share, with a total value of $101,255.00. Following the completion of the acquisition, the director now directly owns 10,889 shares in the company, valued at approximately $299,447.50. The trade was a 51.09 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Helen Golding purchased 1,190 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The shares were acquired at an average price of $27.58 per share, for a total transaction of $32,820.20. Following the completion of the acquisition, the director now directly owns 1,190 shares of the company’s stock, valued at $32,820.20. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders own 0.20% of the company’s stock.

About Reynolds Consumer Products

Reynolds Consumer Products Inc produces and sells products in cooking, waste and storage, and tableware product categories in the United States and internationally. It operates through four segments: Reynolds Cooking & Baking, Hefty Waste & Storage, Hefty Tableware, and Presto Products. The Reynolds Cooking & Baking segment produces aluminum foil, disposable aluminum pans, parchment paper, freezer paper, wax paper, butcher paper, plastic wrap, baking cups, oven bags, and slow cooker liners under the Reynolds Wrap, Reynolds KITCHENS, and EZ Foil brands in the United States, as well as under the ALCAN brand in Canada and under the Diamond brand internationally.