Silgan Holdings Inc. (SLGN) to Release Earnings on Wednesday
Silgan Holdings Inc. (NASDAQ:SLGN) will be releasing its earnings data before the market opens on Wednesday, October 25th. Analysts expect Silgan Holdings to post earnings of $0.67 per share for the quarter. Silgan Holdings has set its Q3 guidance at $0.64-0.71 EPS and its FY17 guidance at $1.60-1.70 EPS.
Silgan Holdings (NASDAQ:SLGN) last announced its earnings results on Wednesday, July 26th. The industrial products company reported $0.35 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.35. Silgan Holdings had a return on equity of 31.19% and a net margin of 3.83%. The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same quarter last year, the firm earned $0.60 EPS. Silgan Holdings’s revenue for the quarter was up 16.8% compared to the same quarter last year. On average, analysts expect Silgan Holdings to post $1.65 EPS for the current fiscal year and $1.91 EPS for the next fiscal year.
Shares of Silgan Holdings Inc. (SLGN) opened at 28.71 on Wednesday. The firm has a market cap of $3.17 billion, a price-to-earnings ratio of 22.80 and a beta of 0.53. The company has a 50-day moving average price of $29.34 and a 200-day moving average price of $30.50. Silgan Holdings Inc. has a 12 month low of $24.36 and a 12 month high of $32.50.
In related news, VP Robert B. Lewis sold 7,000 shares of the stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $29.70, for a total transaction of $207,900.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Anthony P. Andreacchi sold 2,192 shares of the stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $30.18, for a total value of $66,154.56. The disclosure for this sale can be found here. Insiders have sold 19,698 shares of company stock valued at $597,429 over the last ninety days. 33.10% of the stock is currently owned by company insiders.
A number of research firms have recently weighed in on SLGN. Zacks Investment Research lowered Silgan Holdings from a “hold” rating to a “sell” rating in a report on Tuesday. KeyCorp restated a “hold” rating on shares of Silgan Holdings in a report on Friday, August 25th. BidaskClub upgraded Silgan Holdings from a “strong sell” rating to a “sell” rating in a report on Monday, August 14th. Royal Bank Of Canada began coverage on Silgan Holdings in a report on Monday, October 9th. They issued a “sector perform” rating and a $30.00 target price on the stock. Finally, ValuEngine lowered Silgan Holdings from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $32.00.
Silgan Holdings Company Profile
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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