Silgan (NYSE:SLGN) Trading 7.5% Higher After Better-Than-Expected Earnings

Silgan Holdings Inc. (NYSE:SLGNGet Free Report) was up 7.5% on Wednesday following a stronger than expected earnings report. The stock traded as high as $46.78 and last traded at $47.0350. Approximately 64,233 shares traded hands during mid-day trading, a decline of 92% from the average daily volume of 826,746 shares. The stock had previously closed at $43.76.

The industrial products company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.65 by $0.02. Silgan had a return on equity of 17.94% and a net margin of 4.45%.The firm had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same quarter in the prior year, the business posted $0.85 EPS. The business’s revenue for the quarter was up 4.1% compared to the same quarter last year. Silgan has set its FY 2026 guidance at 3.700-3.900 EPS and its Q1 2026 guidance at 0.700-0.800 EPS.

Key Stories Impacting Silgan

Here are the key news stories impacting Silgan this week:

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. UBS Group reaffirmed a “neutral” rating and issued a $50.00 price objective (up from $44.00) on shares of Silgan in a research report on Thursday. Wells Fargo & Company decreased their price target on shares of Silgan from $55.00 to $52.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Silgan in a research note on Monday, December 29th. Citigroup cut their target price on Silgan from $49.00 to $47.00 and set a “buy” rating on the stock in a research report on Tuesday, January 6th. Finally, Truist Financial set a $50.00 price target on Silgan and gave the stock a “buy” rating in a research report on Tuesday, January 6th. Five analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $51.88.

Get Our Latest Report on Silgan

Institutional Investors Weigh In On Silgan

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SLGN. Swiss National Bank lifted its position in shares of Silgan by 4.9% during the 2nd quarter. Swiss National Bank now owns 173,700 shares of the industrial products company’s stock valued at $9,411,000 after buying an additional 8,100 shares in the last quarter. Campbell & CO Investment Adviser LLC raised its position in Silgan by 238.4% during the second quarter. Campbell & CO Investment Adviser LLC now owns 69,504 shares of the industrial products company’s stock worth $3,766,000 after acquiring an additional 48,967 shares during the period. New York State Common Retirement Fund lifted its holdings in Silgan by 26.9% during the second quarter. New York State Common Retirement Fund now owns 186,194 shares of the industrial products company’s stock valued at $10,088,000 after purchasing an additional 39,496 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Silgan by 7.2% in the third quarter. Massachusetts Financial Services Co. MA now owns 825,057 shares of the industrial products company’s stock valued at $35,486,000 after purchasing an additional 55,288 shares during the period. Finally, Y Intercept Hong Kong Ltd purchased a new stake in shares of Silgan during the second quarter worth about $1,925,000. 70.25% of the stock is owned by institutional investors and hedge funds.

Silgan Stock Performance

The stock has a market cap of $5.17 billion, a price-to-earnings ratio of 18.17, a P/E/G ratio of 2.14 and a beta of 0.72. The firm’s 50-day moving average is $41.54 and its two-hundred day moving average is $43.16. The company has a current ratio of 0.49, a quick ratio of 0.85 and a debt-to-equity ratio of 1.68.

Silgan Company Profile

(Get Free Report)

Silgan Holdings Inc (NYSE: SLGN) is a leading supplier of rigid packaging solutions for consumer goods manufacturers. The company’s core business activities center on the design, production and distribution of metal and plastic containers, closures and dispense systems. Silgan serves a broad array of end markets, including food and beverage, home and personal care, health care and industrial products, providing both standard and custom packaging formats.

Founded in 1987 and headquartered in Stamford, Connecticut, Silgan has grown organically and through strategic acquisitions to establish a global manufacturing footprint.

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