Silgan (SLGN) to Release Quarterly Earnings on Wednesday

Silgan (NYSE:SLGN) is scheduled to be releasing its earnings data before the market opens on Wednesday, May 1st. Analysts expect Silgan to post earnings of $0.67 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Silgan (NYSE:SLGN) last posted its quarterly earnings results on Wednesday, January 31st. The industrial products company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.05. Silgan had a net margin of 5.44% and a return on equity of 20.29%. The business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.39 billion. 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 stock opened at $47.33 on Tuesday. Silgan has a 52 week low of $38.11 and a 52 week high of $50.18. The company has a quick ratio of 0.61, a current ratio of 1.02 and a debt-to-equity ratio of 1.35. The company has a fifty day simple moving average of $46.01 and a two-hundred day simple moving average of $44.07. The firm has a market capitalization of $5.05 billion, a P/E ratio of 15.88, a price-to-earnings-growth ratio of 2.56 and a beta of 0.68.

Silgan Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $0.76 annualized dividend and a yield of 1.61%. This is a positive change from Silgan’s previous quarterly dividend of $0.18. Silgan’s dividend payout ratio (DPR) is 25.50%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Wells Fargo & Company increased their price objective on shares of Silgan from $52.00 to $55.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. Raymond James increased their target price on shares of Silgan from $52.00 to $54.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. Truist Financial increased their target price on shares of Silgan from $52.00 to $56.00 and gave the company a “buy” rating in a research note on Thursday, January 4th. JPMorgan Chase & Co. increased their target price on shares of Silgan from $39.00 to $46.00 and gave the company an “underweight” rating in a research note on Thursday, February 1st. Finally, Royal Bank of Canada increased their target price on shares of Silgan from $49.00 to $51.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat, Silgan currently has an average rating of “Moderate Buy” and an average target price of $53.13.

Insider Buying and Selling at Silgan

In other news, VP B Frederik Prinzen sold 4,684 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $43.89, for a total value of $205,580.76. Following the completion of the sale, the vice president now owns 8,613 shares in the company, valued at approximately $378,024.57. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 13.08% of the company’s stock.

Silgan Company Profile

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.