Reynolds Consumer Products (NASDAQ:REYN – Get Rating) posted its quarterly earnings results on Tuesday. The company reported $0.26 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.26, MarketWatch Earnings reports. The business had revenue of $845.00 million during the quarter, compared to analyst estimates of $859.65 million. Reynolds Consumer Products had a net margin of 9.14% and a return on equity of 19.85%. The company’s revenue was up 11.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.36 earnings per share.
REYN opened at $29.31 on Wednesday. The company has a fifty day moving average of $29.43 and a two-hundred day moving average of $29.75. Reynolds Consumer Products has a fifty-two week low of $26.50 and a fifty-two week high of $32.29. The stock has a market capitalization of $6.15 billion, a price-to-earnings ratio of 19.03 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 company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 31st. Shareholders of record on Tuesday, May 17th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Monday, May 16th. This represents a $0.92 dividend on an annualized basis and a yield of 3.14%. Reynolds Consumer Products’s payout ratio is 59.74%.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Metropolitan Life Insurance Co NY acquired a new position in Reynolds Consumer Products during the fourth quarter worth about $34,000. Alliancebernstein L.P. boosted its holdings in Reynolds Consumer Products by 4.8% in the 4th quarter. Alliancebernstein L.P. now owns 16,098 shares of the company’s stock valued at $505,000 after purchasing an additional 736 shares during the last quarter. Squarepoint Ops LLC raised its stake in shares of Reynolds Consumer Products by 105.5% in the 4th quarter. Squarepoint Ops LLC now owns 16,642 shares of the company’s stock valued at $523,000 after acquiring an additional 8,542 shares during the period. LPL Financial LLC raised its stake in shares of Reynolds Consumer Products by 3.2% in the 3rd quarter. LPL Financial LLC now owns 20,027 shares of the company’s stock valued at $548,000 after acquiring an additional 626 shares during the period. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of Reynolds Consumer Products in the 4th quarter valued at approximately $1,813,000. Institutional investors and hedge funds own 27.33% of the company’s stock.
Reynolds Consumer Products Company Profile (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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