Silgan (SLGN) Scheduled to Post Quarterly Earnings on Wednesday

Silgan (NASDAQ:SLGN) will issue its quarterly earnings data after the market closes on Wednesday, April 25th. Analysts expect the company to announce earnings of $0.39 per share for the quarter. Silgan has set its FY18 guidance at $2.03-2.13 EPS.

Silgan (NASDAQ:SLGN) last issued its quarterly earnings results on Tuesday, January 30th. The industrial products company reported $0.32 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.32. The business had revenue of $995.70 million for the quarter, compared to analysts’ expectations of $970.24 million. Silgan had a net margin of 6.59% and a return on equity of 30.15%. The business’s quarterly revenue was up 23.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.48 earnings per share. On average, analysts expect Silgan to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Shares of SLGN opened at $27.33 on Tuesday. The stock has a market cap of $3,046.63, a PE ratio of 16.56, a price-to-earnings-growth ratio of 1.32 and a beta of 0.48. Silgan has a 1 year low of $26.97 and a 1 year high of $32.50. The company has a debt-to-equity ratio of 3.18, a quick ratio of 0.60 and a current ratio of 1.35.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 30th. Stockholders of record on Friday, March 16th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.46%. The ex-dividend date was Thursday, March 15th. This is a boost from Silgan’s previous quarterly dividend of $0.09. Silgan’s dividend payout ratio is currently 24.24%.

SLGN has been the topic of several research reports. Bank of America cut shares of Silgan from a “neutral” rating to an “underperform” rating in a research report on Tuesday, January 2nd. Barclays upgraded shares of Silgan from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $30.00 to $35.00 in a research note on Monday, February 12th. Zacks Investment Research upgraded shares of Silgan from a “hold” rating to a “buy” rating and set a $33.00 target price on the stock in a research note on Tuesday, December 26th. JPMorgan Chase lowered shares of Silgan from a “neutral” rating to an “underweight” rating and set a $30.00 target price on the stock. in a research note on Wednesday, January 17th. Finally, Vertical Research upgraded shares of Silgan from a “hold” rating to a “buy” rating in a research note on Tuesday, January 23rd. Six equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $31.18.

In related news, Director D Greg Horrigan sold 355,934 shares of the company’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $28.01, for a total transaction of $9,969,711.34. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Robert B. Lewis sold 15,000 shares of the stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $29.01, for a total transaction of $435,150.00. The disclosure for this sale can be found here. Insiders have sold 468,655 shares of company stock worth $13,206,189 over the last 90 days. Insiders own 33.10% of the company’s stock.

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Silgan Company Profile

Silgan Holdings Inc, together with its subsidiaries, manufactures and sells rigid packaging for consumer goods products worldwide. It operates through three segments: Metal Containers, Closures, and Plastic Containers. The Metal Containers segment manufactures and sells steel and aluminum containers for food products, such as soups, vegetables, fruit, meat, tomato based products, seafood, coffee, adult nutritional drinks, pet food, and other miscellaneous food products, as well as general line metal containers primarily for chemicals.

Earnings History for Silgan (NASDAQ:SLGN)

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