Ranpak (PACK) Set to Announce Earnings on Thursday

Ranpak (NYSE:PACK) is set to release its earnings data before the market opens on Thursday, May 2nd. Parties that are interested in participating in the company’s conference call can do so using this link.

Ranpak (NYSE:PACK) last released its earnings results on Monday, March 11th. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.06). Ranpak had a negative return on equity of 4.63% and a negative net margin of 8.06%. The business had revenue of $90.40 million for the quarter, compared to analyst estimates of $87.04 million. During the same period in the prior year, the firm posted ($0.51) EPS. Ranpak’s revenue was up 13.9% on a year-over-year basis.

Ranpak Stock Performance

PACK opened at $7.25 on Wednesday. The company has a fifty day moving average price of $6.65 and a two-hundred day moving average price of $5.18. The company has a quick ratio of 2.24, a current ratio of 2.60 and a debt-to-equity ratio of 0.70. Ranpak has a 52 week low of $2.63 and a 52 week high of $8.29.

Analyst Ratings Changes

Separately, Craig Hallum lifted their target price on shares of Ranpak from $8.00 to $10.00 and gave the stock a “buy” rating in a report on Monday, April 1st.

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.