Silgan (SLGN) Set to Announce Earnings on Wednesday

Silgan (NYSE:SLGN) will announce its earnings results before the market opens on Wednesday, July 31st. Analysts expect the company to announce earnings of $0.87 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Silgan (NYSE:SLGN) last posted its earnings results on Wednesday, May 1st. The industrial products company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.67 by $0.02. The company had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.37 billion. Silgan had a net margin of 5.25% and a return on equity of 19.26%. The company’s revenue for the quarter was down 7.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.78 earnings per share. On average, analysts expect Silgan to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Silgan Stock Performance

SLGN stock opened at $47.79 on Tuesday. The company has a quick ratio of 0.62, a current ratio of 1.04 and a debt-to-equity ratio of 1.33. The company has a market capitalization of $5.10 billion, a price-to-earnings ratio of 16.77, a P/E/G ratio of 1.61 and a beta of 0.67. Silgan has a 12 month low of $38.11 and a 12 month high of $49.72. The firm has a 50 day moving average of $44.89 and a two-hundred day moving average of $45.33.

Silgan Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.59%. The ex-dividend date was Monday, June 3rd. Silgan’s dividend payout ratio is 26.67%.

Analyst Ratings Changes

Several analysts have commented on SLGN shares. Citigroup raised shares of Silgan from a “neutral” rating to a “buy” rating and set a $50.00 target price for the company in a research report on Monday, July 8th. Wells Fargo & Company reduced their price objective on shares of Silgan from $55.00 to $54.00 and set an “overweight” rating for the company in a research note on Thursday, May 2nd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Silgan currently has an average rating of “Moderate Buy” and an average price target of $51.83.

Insider Transactions at Silgan

In other news, VP B Frederik Prinzen sold 4,093 shares of the business’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $47.84, for a total value of $195,809.12. Following the completion of the sale, the vice president now directly owns 4,520 shares in the company, valued at $216,236.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, VP B Frederik Prinzen sold 4,093 shares of the company’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $47.84, for a total transaction of $195,809.12. Following the completion of the transaction, the vice president now directly owns 4,520 shares in the company, valued at approximately $216,236.80. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Robert B. Lewis sold 30,000 shares of the company’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $47.08, for a total transaction of $1,412,400.00. Following the transaction, the executive vice president now owns 172,133 shares of the company’s stock, valued at $8,104,021.64. The disclosure for this sale can be found here. Over the last three months, insiders sold 59,651 shares of company stock worth $2,804,226. 1.39% of the stock is owned by insiders.

About Silgan

Silgan Holdings Inc, together with its subsidiaries, manufactures and sells rigid packaging solutions for consumer goods products in the United States and internationally. It operates through three segments: Dispensing and Specialty Closures, Metal Containers, and Custom Containers. The Dispensing and Specialty Closures segment offers a range of metal and plastic closures, and dispensing systems for food, beverage, health care, garden, home, personal care, beauty products, and hard surface cleaning products, as well as capping/sealing equipment and detection systems.