Equities research analysts expect Reynolds Consumer Products Inc. (NASDAQ:REYN) to post $763.61 million in sales for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Reynolds Consumer Products’ earnings, with the highest sales estimate coming in at $772.50 million and the lowest estimate coming in at $752.40 million. Reynolds Consumer Products reported sales of $730.00 million during the same quarter last year, which indicates a positive year over year growth rate of 4.6%. The company is scheduled to report its next earnings results on Thursday, May 6th.
On average, analysts expect that Reynolds Consumer Products will report full-year sales of $3.32 billion for the current year, with estimates ranging from $3.30 billion to $3.35 billion. For the next financial year, analysts forecast that the business will report sales of $3.39 billion, with estimates ranging from $3.37 billion to $3.43 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow Reynolds Consumer Products.
Reynolds Consumer Products (NASDAQ:REYN) last issued its quarterly earnings data on Monday, February 8th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.01. The business had revenue of $888.00 million during the quarter, compared to analysts’ expectations of $877.41 million. Reynolds Consumer Products had a return on equity of 25.37% and a net margin of 10.62%.
Shares of REYN stock opened at $30.00 on Thursday. The stock has a market cap of $6.29 billion and a PE ratio of 16.76. Reynolds Consumer Products has a 52-week low of $27.27 and a 52-week high of $36.00. The company has a quick ratio of 1.69, a current ratio of 2.69 and a debt-to-equity ratio of 1.49. The business has a 50-day simple moving average of $29.35 and a 200-day simple moving average of $30.00.
The company also recently announced a quarterly dividend, which was paid on Tuesday, March 9th. Shareholders of record on Tuesday, February 23rd were issued a dividend of $0.23 per share. The ex-dividend date of this dividend was Monday, February 22nd. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.07%. This is a boost from Reynolds Consumer Products’s previous quarterly dividend of $0.22. Reynolds Consumer Products’s dividend payout ratio is presently 63.45%.
Several institutional investors have recently made changes to their positions in REYN. Arrowstreet Capital Limited Partnership acquired a new position in shares of Reynolds Consumer Products during the third quarter valued at approximately $3,770,000. JPMorgan Chase & Co. raised its holdings in shares of Reynolds Consumer Products by 70.0% during the third quarter. JPMorgan Chase & Co. now owns 383,521 shares of the company’s stock valued at $12,013,000 after acquiring an additional 157,912 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Reynolds Consumer Products by 5.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 223,029 shares of the company’s stock valued at $6,830,000 after acquiring an additional 12,415 shares during the last quarter. Truist Financial Corp grew its position in shares of Reynolds Consumer Products by 31.1% in the third quarter. Truist Financial Corp now owns 29,009 shares of the company’s stock valued at $888,000 after purchasing an additional 6,877 shares in the last quarter. Finally, Morgan Stanley grew its position in shares of Reynolds Consumer Products by 120.3% in the third quarter. Morgan Stanley now owns 309,421 shares of the company’s stock valued at $9,475,000 after purchasing an additional 168,958 shares in the last quarter. 26.27% of the stock is owned by institutional investors and hedge funds.
Reynolds Consumer Products Company Profile
Reynolds Consumer Products Inc produces and sells products in cooking, waste and storage, and tableware product categories in the United States and internationally. It operates through four segments: Reynolds Cooking & Baking, Hefty Waste & Storage, Hefty Tableware, and Presto Products. The Reynolds Cooking & Baking segment produces foil, disposable aluminum pans, parchment paper, freezer paper, wax paper, plastic wrap, baking cups, oven bags, and slow cooker liners under the Reynolds Wrap, Reynolds KITCHENS, and E-Z Foil brands in the United States, as well as under the ALCAN brand in Canada and under the Diamond brand internationally.
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