Reynolds Consumer Products (NASDAQ:REYN) Releases Q4 2024 Earnings Guidance

Reynolds Consumer Products (NASDAQ:REYN) updated its fourth quarter 2024 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 0.560-0.600 for the period, compared to the consensus estimate of 0.580. The company issued revenue guidance of $945.0 million-$985.0 million, compared to the consensus revenue estimate of $977.2 million. Reynolds Consumer Products also updated its FY 2024 guidance to 1.660-1.700 EPS.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. JPMorgan Chase & Co. raised their target price on shares of Reynolds Consumer Products from $29.00 to $33.00 and gave the stock a “neutral” rating in a research report on Thursday, August 8th. Barclays decreased their price target on shares of Reynolds Consumer Products from $29.00 to $28.00 and set an “equal weight” rating for the company in a research note on Thursday. Royal Bank of Canada increased their price target on shares of Reynolds Consumer Products from $31.00 to $32.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 8th. Canaccord Genuity Group increased their price target on shares of Reynolds Consumer Products from $30.00 to $32.00 and gave the stock a “hold” rating in a research note on Thursday, August 8th. Finally, Jefferies Financial Group initiated coverage on shares of Reynolds Consumer Products in a research note on Thursday, August 29th. They issued a “buy” rating and a $38.00 price target for the company. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, Reynolds Consumer Products currently has an average rating of “Hold” and a consensus price target of $32.17.

Reynolds Consumer Products Stock Up 1.0 %

NASDAQ:REYN traded up $0.27 on Friday, reaching $27.22. 1,055,167 shares of the stock traded hands, compared to its average volume of 569,058. The company has a market capitalization of $5.72 billion, a price-to-earnings ratio of 15.40 and a beta of 0.48. The company has a current ratio of 2.13, a quick ratio of 1.01 and a debt-to-equity ratio of 0.87. Reynolds Consumer Products has a 12 month low of $25.29 and a 12 month high of $32.65. The company’s fifty day simple moving average is $30.71 and its 200 day simple moving average is $29.21.

Reynolds Consumer Products (NASDAQ:REYN) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.01). The firm had revenue of $910.00 million for the quarter, compared to the consensus estimate of $902.88 million. Reynolds Consumer Products had a net margin of 10.03% and a return on equity of 18.41%. The firm’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.37 earnings per share. Equities analysts predict that Reynolds Consumer Products will post 1.69 EPS for the current fiscal year.

Reynolds Consumer Products Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be paid a $0.23 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.38%. Reynolds Consumer Products’s dividend payout ratio is presently 52.57%.

About Reynolds Consumer Products

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 aluminum foil, disposable aluminum pans, parchment paper, freezer paper, wax paper, butcher paper, plastic wrap, baking cups, oven bags, and slow cooker liners under the Reynolds Wrap, Reynolds KITCHENS, and EZ Foil brands in the United States, as well as under the ALCAN brand in Canada and under the Diamond brand internationally.