Ranpak (NYSE:PACK) Releases Quarterly Earnings Results, Misses Expectations By $0.04 EPS

Ranpak (NYSE:PACK) posted its earnings results on Thursday. The company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.04), Briefing.com reports. Ranpak had a negative net margin of 8.06% and a negative return on equity of 4.63%. The firm had revenue of $85.30 million for the quarter, compared to the consensus estimate of $85.50 million. The company’s quarterly revenue was up 5.0% on a year-over-year basis.

Ranpak Trading Up 2.6 %

Shares of PACK traded up $0.17 during midday trading on Friday, hitting $6.73. The stock had a trading volume of 437,281 shares, compared to its average volume of 669,988. The stock’s 50 day moving average is $6.75 and its 200 day moving average is $5.20. The firm has a market cap of $556.03 million, a PE ratio of -19.67 and a beta of 2.31. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.60 and a quick ratio of 2.24. Ranpak has a 1 year low of $2.63 and a 1 year high of $8.29.

Wall Street Analyst Weigh In

PACK has been the subject of a number of analyst reports. Robert W. Baird increased their price target on shares of Ranpak from $7.00 to $8.00 and gave the company an “outperform” rating in a report on Friday. Craig Hallum raised their price objective on Ranpak from $8.00 to $10.00 and gave the company a “buy” rating in a research note 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.