Silgan Holdings Inc. (NASDAQ:SLGN) – Equities researchers at Jefferies Financial Group issued their Q4 2018 earnings estimates for shares of Silgan in a research note issued to investors on Wednesday, October 24th. Jefferies Financial Group analyst D. Rizzo anticipates that the industrial products company will post earnings per share of $0.36 for the quarter. Jefferies Financial Group also issued estimates for Silgan’s FY2020 earnings at $2.45 EPS and FY2021 earnings at $2.55 EPS.
Silgan (NASDAQ:SLGN) last issued its quarterly earnings results on Wednesday, October 24th. The industrial products company reported $0.76 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.76. Silgan had a return on equity of 26.91% and a net margin of 7.59%. The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same period last year, the company earned $0.66 earnings per share. The company’s revenue for the quarter was up 3.2% on a year-over-year basis.
Shares of NASDAQ SLGN opened at $23.47 on Monday. The company has a debt-to-equity ratio of 2.59, a current ratio of 0.47 and a quick ratio of 0.28. Silgan has a 1-year low of $23.14 and a 1-year high of $31.05. The firm has a market cap of $2.62 billion, a P/E ratio of 14.22, a P/E/G ratio of 1.12 and a beta of 0.48.
A number of institutional investors have recently added to or reduced their stakes in the business. Arizona State Retirement System lifted its holdings in Silgan by 6.9% in the third quarter. Arizona State Retirement System now owns 54,981 shares of the industrial products company’s stock valued at $1,528,000 after acquiring an additional 3,534 shares during the period. Russell Investments Group Ltd. lifted its holdings in Silgan by 2.5% in the third quarter. Russell Investments Group Ltd. now owns 1,107,361 shares of the industrial products company’s stock valued at $30,783,000 after acquiring an additional 27,083 shares during the period. First Trust Advisors LP lifted its holdings in Silgan by 102.5% in the third quarter. First Trust Advisors LP now owns 492,448 shares of the industrial products company’s stock valued at $13,690,000 after acquiring an additional 249,275 shares during the period. Retirement Systems of Alabama lifted its holdings in Silgan by 4.3% in the third quarter. Retirement Systems of Alabama now owns 100,047 shares of the industrial products company’s stock valued at $2,781,000 after acquiring an additional 4,094 shares during the period. Finally, State of Alaska Department of Revenue lifted its holdings in Silgan by 169.6% in the third quarter. State of Alaska Department of Revenue now owns 8,534 shares of the industrial products company’s stock valued at $236,000 after acquiring an additional 5,368 shares during the period. 67.02% of the stock is owned by institutional investors.
In other Silgan news, Director John W. Alden sold 6,000 shares of the firm’s stock in a transaction on Thursday, August 30th. The stock was sold at an average price of $27.24, for a total value of $163,440.00. Following the completion of the sale, the director now owns 65,655 shares of the company’s stock, valued at $1,788,442.20. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Robert B. Lewis sold 18,000 shares of the firm’s stock in a transaction on Wednesday, August 1st. The shares were sold at an average price of $27.42, for a total value of $493,560.00. The disclosure for this sale can be found here. In the last three months, insiders sold 25,843 shares of company stock valued at $707,037. 30.32% of the stock is owned by corporate insiders.
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.
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