Ranpak (NASDAQ:PACK) Releases Earnings Results, Beats Expectations By $0.04 EPS

Ranpak (NASDAQ:PACK) released its earnings results on Thursday. The company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.04, Fidelity Earnings reports. The company had revenue of $69.10 million during the quarter.

Shares of NASDAQ:PACK traded down $0.12 during midday trading on Friday, reaching $6.15. The company had a trading volume of 6,400 shares, compared to its average volume of 142,308. The company’s 50 day moving average is $6.08. Ranpak has a 1-year low of $4.32 and a 1-year high of $10.35.

In related news, CFO Trent Meyerhoefer purchased 12,500 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The stock was acquired at an average cost of $5.53 per share, for a total transaction of $69,125.00. Following the completion of the purchase, the chief financial officer now owns 58,276 shares in the company, valued at approximately $322,266.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last quarter, insiders purchased 28,380 shares of company stock valued at $171,410.

Separately, Craig Hallum started coverage on Ranpak in a research report on Monday, September 30th. They issued a “buy” rating and a $10.00 target price on the stock.

Ranpak Company Profile

Ranpak Holdings Corp. intends to effect a merger, share exchange, asset acquisition, share purchase, and reorganization or similar business combination with one or more businesses. It focuses on consumer products related businesses with a focus on companies in consumer products or services; food and beverages; and related manufacturing or industrial services categories in North America or Western Europe.

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Earnings History for Ranpak (NASDAQ:PACK)

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