Media stories about Silgan (NASDAQ:SLGN) have trended positive this week, Accern reports. The research group identifies negative and positive press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Silgan earned a media sentiment score of 0.26 on Accern’s scale. Accern also gave headlines about the industrial products company an impact score of 43.5942637062104 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the headlines that may have impacted Accern Sentiment’s scoring:
- Silgan Holdings Inc. (SLGN) Receives Average Rating of “Hold” from Brokerages (americanbankingnews.com)
- American International Group Inc. Acquires 2,009 Shares of Silgan Holdings Inc. (SLGN) (americanbankingnews.com)
- Silgan Holdings Inc. (SLGN) Shares Bought by Swiss National Bank (americanbankingnews.com)
- Allianz Asset Management GmbH Boosts Stake in Silgan Holdings Inc. (SLGN) (americanbankingnews.com)
- $0.35 EPS Expected for Silgan Holdings Inc. (SLGN) This Quarter (americanbankingnews.com)
Several equities research analysts have recently commented on SLGN shares. Bank of America lowered Silgan from a “neutral” rating to an “underperform” rating in a research note on Tuesday, January 2nd. Barclays raised Silgan from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $30.00 to $35.00 in a research note on Monday, February 12th. Zacks Investment Research raised Silgan from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a research note on Tuesday, December 26th. KeyCorp reaffirmed an “underweight” rating and issued a $25.00 target price (down previously from $28.99) on shares of Silgan in a research note on Friday, December 8th. Finally, Vertical Research raised Silgan from a “hold” rating to a “buy” rating in a research note on Tuesday, January 23rd. Five equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $31.20.
Silgan (NASDAQ:SLGN) last posted its earnings results on Tuesday, January 30th. The industrial products company reported $0.32 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.32. Silgan had a return on equity of 30.15% and a net margin of 6.59%. The firm had revenue of $995.70 million for the quarter, compared to analyst estimates of $970.24 million. During the same quarter in the prior year, the company earned $0.48 EPS. Silgan’s revenue was up 23.6% on a year-over-year basis. equities analysts forecast that Silgan will post 2.09 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 16th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Thursday, March 15th. This represents a $0.40 dividend on an annualized basis and a yield of 1.40%. This is a positive change from Silgan’s previous quarterly dividend of $0.09. Silgan’s dividend payout ratio is presently 14.88%.
In other Silgan news, CFO Robert B. Lewis sold 15,000 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $29.01, for a total transaction of $435,150.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director D Greg Horrigan sold 28,600 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $28.61, for a total value of $818,246.00. Following the transaction, the director now directly owns 7,826,790 shares in the company, valued at approximately $223,924,461.90. The disclosure for this sale can be found here. In the last ninety days, insiders sold 468,655 shares of company stock worth $13,206,189. 33.10% of the stock is owned by corporate insiders.
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Silgan Holdings Inc is a holding company. The Company is a manufacturer of rigid packaging for consumer goods products. The Company operates in three business segments: metal containers, closures and plastic containers. Its metal container segment is engaged in the manufacture and sale of steel and aluminum containers for human and pet food and general line products.
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