Ranpak (PACK) Set to Announce Earnings on Thursday

Ranpak (NYSE:PACK) will be releasing its earnings data before the market opens on Thursday, May 2nd. Individual that are interested in participating in the company’s earnings 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) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.06). The company had revenue of $90.40 million for the quarter, compared to the consensus estimate of $87.04 million. Ranpak had a negative net margin of 8.06% and a negative return on equity of 4.63%. The firm’s revenue was up 13.9% on a year-over-year basis. During the same period in the prior year, the company earned ($0.51) earnings per share.

Ranpak Price Performance

Shares of NYSE:PACK traded down $0.11 during mid-day trading on Tuesday, reaching $7.40. The company had a trading volume of 120,363 shares, compared to its average volume of 663,345. The company’s 50-day moving average price is $6.60 and its 200-day moving average price is $5.16. Ranpak has a one year low of $2.63 and a one year high of $8.29. The company has a current ratio of 2.60, a quick ratio of 2.24 and a debt-to-equity ratio of 0.70.

Wall Street Analysts Forecast Growth

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

About Ranpak

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.