Brokerages expect Silgan Holdings Inc. (NASDAQ:SLGN) to announce sales of $1.03 billion for the current fiscal quarter, according to Zacks Investment Research. Five analysts have made estimates for Silgan’s earnings. The highest sales estimate is $1.08 billion and the lowest is $983.00 million. Silgan reported sales of $1.07 billion during the same quarter last year, which indicates a negative year over year growth rate of 3.7%. The business is expected to issue its next quarterly earnings results on Tuesday, February 4th.
On average, analysts expect that Silgan will report full year sales of $4.48 billion for the current year, with estimates ranging from $4.43 billion to $4.54 billion. For the next year, analysts anticipate that the firm will report sales of $4.50 billion, with estimates ranging from $4.37 billion to $4.64 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Silgan.
Silgan (NASDAQ:SLGN) last posted its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $0.76 EPS for the quarter, hitting analysts’ consensus estimates of $0.76. Silgan had a net margin of 4.37% and a return on equity of 26.05%. The firm had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same quarter last year, the business posted $0.76 EPS. The company’s revenue was up 1.1% on a year-over-year basis.
A number of equities research analysts have issued reports on the stock. Zacks Investment Research lowered shares of Silgan from a “hold” rating to a “sell” rating and set a $32.00 target price for the company. in a research note on Tuesday, October 15th. ValuEngine lowered shares of Silgan from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 2nd. Finally, BidaskClub lowered shares of Silgan from a “sell” rating to a “strong sell” rating in a research note on Friday. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $33.67.
Silgan stock traded down $0.36 during midday trading on Monday, reaching $30.30. The stock had a trading volume of 391,263 shares, compared to its average volume of 350,433. The firm’s fifty day simple moving average is $30.77 and its two-hundred day simple moving average is $30.22. Silgan has a twelve month low of $22.24 and a twelve month high of $31.69. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.01 and a quick ratio of 0.57. The firm has a market cap of $3.38 billion, a price-to-earnings ratio of 14.57, a PEG ratio of 1.84 and a beta of 0.75.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date of this dividend is Friday, November 29th. Silgan’s dividend payout ratio (DPR) is currently 21.15%.
Several large investors have recently modified their holdings of SLGN. Amundi Pioneer Asset Management Inc. acquired a new stake in shares of Silgan during the 1st quarter valued at $190,000. Arizona State Retirement System boosted its stake in shares of Silgan by 1.7% during the 2nd quarter. Arizona State Retirement System now owns 56,466 shares of the industrial products company’s stock valued at $1,728,000 after buying an additional 959 shares during the period. Strs Ohio boosted its stake in shares of Silgan by 18.1% during the 2nd quarter. Strs Ohio now owns 15,934 shares of the industrial products company’s stock valued at $487,000 after buying an additional 2,439 shares during the period. SG Americas Securities LLC raised its holdings in shares of Silgan by 452.1% during the 2nd quarter. SG Americas Securities LLC now owns 33,206 shares of the industrial products company’s stock valued at $1,016,000 after purchasing an additional 27,191 shares in the last quarter. Finally, BNP Paribas Arbitrage SA raised its holdings in shares of Silgan by 730.8% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 40,786 shares of the industrial products company’s stock valued at $1,248,000 after purchasing an additional 35,877 shares in the last quarter. 66.23% of the stock is owned by institutional investors.
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 pet food, vegetables, soups, proteins, tomato based products, adult nutritional drinks, fruits, and other miscellaneous food products, as well as general line metal containers primarily for chemicals.
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