Silgan Holdings Inc. (SLGN) Issues FY13 Earnings Guidance
Silgan Holdings Inc. (NASDAQ:SLGN) issued an update on its FY13 earnings guidance on Wednesday morning. The company provided EPS guidance of $2.75-2.85 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.06, AmericanBankingNews.com reports. Silgan Holdings also updated its Q4 guidance to $0.44-0.54 EPS.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a neutral rating on shares of Silgan Holdings in a research note to investors on Friday, October 18th. They now have a $51.00 price target on the stock. On a related note, analysts at Northcoast Research initiated coverage on shares of Silgan Holdings in a research note to investors on Friday, August 23rd. They set a neutral rating on the stock. One analyst has rated the stock with a sell rating and nine have assigned a hold rating to the stock. The company has an average rating of Hold and an average target price of $48.00.
Shares of Silgan Holdings Inc. (NASDAQ:SLGN) opened at 48.68 on Wednesday. Silgan Holdings Inc. has a 52 week low of $40.72 and a 52 week high of $50.51. The stock’s 50-day moving average is $48.12 and its 200-day moving average is $47.62. The company has a market cap of $3.086 billion and a P/E ratio of 17.02.
Silgan Holdings (NASDAQ:SLGN) last released its earnings data on Wednesday, October 23rd. The company reported $1.21 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.32 by $0.11. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter in the prior year, the company posted $1.17 earnings per share. The company’s quarterly revenue was up 2.5% on a year-over-year basis. On average, analysts predict that Silgan Holdings Inc. will post $3.06 earnings per share for the current fiscal year.
Silgan Holdings Inc is a manufacturer of rigid packaging for shelf-stable food and other consumer goods products.
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