Wall Street brokerages expect that Reynolds Consumer Products Inc. (NASDAQ:REYN – Get Rating) will post $856.52 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Reynolds Consumer Products’ earnings, with the lowest sales estimate coming in at $844.90 million and the highest estimate coming in at $867.10 million. Reynolds Consumer Products posted sales of $757.00 million in the same quarter last year, which would indicate a positive year over year growth rate of 13.1%. The business is scheduled to report its next quarterly earnings report before the market opens on Monday, January 1st.
According to Zacks, analysts expect that Reynolds Consumer Products will report full year sales of $3.91 billion for the current year, with estimates ranging from $3.89 billion to $3.93 billion. For the next year, analysts expect that the firm will post sales of $4.00 billion, with estimates ranging from $3.98 billion to $4.01 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Reynolds Consumer Products.
Reynolds Consumer Products (NASDAQ:REYN – Get Rating) last announced its quarterly earnings data on Wednesday, February 9th. The company reported $0.51 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.03. The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.02 billion. Reynolds Consumer Products had a return on equity of 19.85% and a net margin of 9.14%. During the same quarter in the previous year, the company earned $0.57 EPS.
A number of hedge funds and other institutional investors have recently modified their holdings of REYN. Factorial Partners LLC increased its stake in shares of Reynolds Consumer Products by 9.3% in the 1st quarter. Factorial Partners LLC now owns 59,000 shares of the company’s stock valued at $1,731,000 after acquiring an additional 5,000 shares in the last quarter. KLCM Advisors Inc. grew its position in Reynolds Consumer Products by 1.9% during the first quarter. KLCM Advisors Inc. now owns 238,538 shares of the company’s stock valued at $6,999,000 after buying an additional 4,500 shares during the period. Signaturefd LLC lifted its holdings in Reynolds Consumer Products by 79.1% during the first quarter. Signaturefd LLC now owns 2,027 shares of the company’s stock valued at $59,000 after purchasing an additional 895 shares during the last quarter. Total Clarity Wealth Management Inc. lifted its holdings in shares of Reynolds Consumer Products by 5.7% in the first quarter. Total Clarity Wealth Management Inc. now owns 10,753 shares of the company’s stock worth $315,000 after buying an additional 583 shares in the last quarter. Finally, Parallel Advisors LLC increased its position in shares of Reynolds Consumer Products by 417.3% in the first quarter. Parallel Advisors LLC now owns 6,089 shares of the company’s stock worth $176,000 after purchasing an additional 4,912 shares during the last quarter. Institutional investors and hedge funds own 27.33% of the company’s stock.
Shares of REYN opened at $29.20 on Wednesday. The company has a market capitalization of $6.13 billion, a PE ratio of 18.96 and a beta of 0.30. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.08 and a current ratio of 2.28. The stock has a fifty day moving average of $29.49 and a two-hundred day moving average of $29.71. Reynolds Consumer Products has a fifty-two week low of $26.50 and a fifty-two week high of $32.29.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 31st. Shareholders of record on Tuesday, May 17th will be paid a dividend of $0.23 per share. The ex-dividend date is Monday, May 16th. This represents a $0.92 dividend on an annualized basis and a yield of 3.15%. Reynolds Consumer Products’s payout ratio is 59.74%.
About Reynolds Consumer Products (Get Rating)
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 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 E-Z Foil brands in the United States, as well as under the ALCAN brand in Canada and under the Diamond brand internationally.
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