Silgan (SLGN) Scheduled to Post Earnings on Wednesday

Silgan (NASDAQ:SLGNGet Rating) is scheduled to announce its earnings results before the market opens on Wednesday, April 27th. Analysts expect the company to announce earnings of $0.77 per share for the quarter. Silgan has set its Q1 guidance at $0.70-0.80 EPS and its FY22 guidance at $3.80-4.00 EPS.

Silgan (NASDAQ:SLGNGet Rating) last posted its quarterly earnings results on Tuesday, January 25th. The industrial products company reported $0.79 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.73 by $0.06. The business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.36 billion. Silgan had a net margin of 6.33% and a return on equity of 26.67%. The company’s revenue was up 17.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.60 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 stock opened at $45.32 on Wednesday. Silgan has a 52-week low of $37.10 and a 52-week high of $46.98. The company has a market cap of $5.00 billion, a price-to-earnings ratio of 14.03, a PEG ratio of 2.36 and a beta of 0.78. The company has a quick ratio of 0.99, a current ratio of 1.52 and a debt-to-equity ratio of 2.41. The firm’s fifty day moving average is $44.03 and its 200 day moving average is $42.62.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 31st. Investors of record on Thursday, March 17th were given a $0.16 dividend. This is a positive change from Silgan’s previous quarterly dividend of $0.14. This represents a $0.64 annualized dividend and a dividend yield of 1.41%. The ex-dividend date of this dividend was Wednesday, March 16th. Silgan’s dividend payout ratio (DPR) is presently 19.81%.

In related news, Chairman Anthony J. Allott sold 6,410 shares of the business’s stock in a transaction on Friday, February 18th. The stock was sold at an average price of $43.06, for a total value of $276,014.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Anthony J. Allott sold 18,100 shares of the company’s stock in a transaction on Wednesday, February 16th. The shares were sold at an average price of $43.07, for a total value of $779,567.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 98,941 shares of company stock worth $4,332,185. Company insiders own 24.38% of the company’s stock.

Several hedge funds have recently bought and sold shares of SLGN. Schonfeld Strategic Advisors LLC bought a new stake in Silgan during the fourth quarter valued at $248,000. Millennium Management LLC purchased a new position in Silgan during the 4th quarter valued at about $368,000. Jane Street Group LLC increased its holdings in Silgan by 108.5% during the 3rd quarter. Jane Street Group LLC now owns 10,085 shares of the industrial products company’s stock valued at $387,000 after purchasing an additional 5,248 shares during the period. Cubist Systematic Strategies LLC increased its holdings in Silgan by 27.8% during the 4th quarter. Cubist Systematic Strategies LLC now owns 10,423 shares of the industrial products company’s stock valued at $447,000 after purchasing an additional 2,265 shares during the period. Finally, Citigroup Inc. raised its position in shares of Silgan by 11.3% in the 4th quarter. Citigroup Inc. now owns 11,913 shares of the industrial products company’s stock worth $510,000 after acquiring an additional 1,211 shares in the last quarter. Institutional investors own 71.89% of the company’s stock.

SLGN has been the topic of several recent research reports. StockNews.com began coverage on shares of Silgan in a research note on Thursday, March 31st. They set a “buy” rating on the stock. Raymond James boosted their price objective on Silgan from $47.00 to $50.00 and gave the company an “outperform” rating in a research note on Thursday, January 27th. Royal Bank of Canada upped their price target on Silgan from $50.00 to $57.00 in a research note on Thursday, January 27th. Deutsche Bank Aktiengesellschaft increased their price objective on Silgan from $41.00 to $45.00 and gave the stock a “hold” rating in a research report on Thursday, January 27th. Finally, KeyCorp upped their target price on Silgan from $45.00 to $47.00 and gave the company an “overweight” rating in a report on Thursday, January 27th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Silgan currently has an average rating of “Buy” and an average target price of $50.70.

Silgan Company Profile (Get Rating)

Silgan Holdings Inc, together with its subsidiaries, manufactures and sells rigid packaging for consumer goods products in North America, Europe, and internationally. It operates through three segments: Dispensing and Specialty Closures, Metal Containers, and Custom 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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Earnings History for Silgan (NASDAQ:SLGN)

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