Wall Street analysts expect Silgan Holdings Inc. (NASDAQ:SLGN) to report earnings of $0.69 per share for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for Silgan Holdings’ earnings. The lowest EPS estimate is $0.68 and the highest is $0.71. Silgan Holdings reported earnings of $0.62 per share in the same quarter last year, which suggests a positive year over year growth rate of 11.3%. The business is expected to issue its next quarterly earnings report on Wednesday, October 25th.

According to Zacks, analysts expect that Silgan Holdings will report full-year earnings of $1.66 per share for the current fiscal year, with EPS estimates ranging from $1.64 to $1.68. For the next financial year, analysts forecast that the firm will report earnings of $1.91 per share, with EPS estimates ranging from $1.73 to $2.00. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Silgan Holdings.

Silgan Holdings (NASDAQ:SLGN) last announced its quarterly earnings results on Wednesday, July 26th. The industrial products company reported $0.35 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.35. The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.03 billion. Silgan Holdings had a net margin of 3.83% and a return on equity of 31.19%. Silgan Holdings’s revenue for the quarter was up 16.8% on a year-over-year basis. During the same quarter last year, the business earned $0.60 EPS.

Several research firms have weighed in on SLGN. Robert W. Baird lowered shares of Silgan Holdings from an “outperform” rating to a “neutral” rating and set a $35.00 price objective on the stock. in a research note on Wednesday, July 19th. Goldman Sachs Group, Inc. (The) lowered shares of Silgan Holdings from a “neutral” rating to a “sell” rating and set a $30.00 price objective on the stock. in a research note on Thursday, July 13th. BidaskClub lowered shares of Silgan Holdings from a “sell” rating to a “strong sell” rating in a research note on Tuesday. Zacks Investment Research lowered shares of Silgan Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, April 25th. Finally, Bank of America Corporation lowered shares of Silgan Holdings from a “buy” rating to a “neutral” rating and set a $35.00 price objective on the stock. in a research note on Thursday, July 27th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $31.36.

In related news, VP Adam J. Greenlee sold 5,643 shares of the company’s stock in a transaction on Friday, May 19th. The shares were sold at an average price of $61.56, for a total transaction of $347,383.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 33.10% of the stock is currently owned by corporate insiders.

Several hedge funds have recently bought and sold shares of the company. Great West Life Assurance Co. Can increased its stake in shares of Silgan Holdings by 3.0% in the first quarter. Great West Life Assurance Co. Can now owns 22,898 shares of the industrial products company’s stock worth $1,358,000 after buying an additional 664 shares during the period. Oregon Public Employees Retirement Fund increased its stake in shares of Silgan Holdings by 1.4% in the first quarter. Oregon Public Employees Retirement Fund now owns 14,350 shares of the industrial products company’s stock worth $852,000 after buying an additional 200 shares during the period. First Quadrant L P CA increased its stake in shares of Silgan Holdings by 194.5% in the first quarter. First Quadrant L P CA now owns 216,381 shares of the industrial products company’s stock worth $12,844,000 after buying an additional 142,908 shares during the period. Glen Harbor Capital Management LLC increased its stake in shares of Silgan Holdings by 157.5% in the first quarter. Glen Harbor Capital Management LLC now owns 4,532 shares of the industrial products company’s stock worth $269,000 after buying an additional 2,772 shares during the period. Finally, Acadian Asset Management LLC bought a new stake in shares of Silgan Holdings during the first quarter worth $953,000. 36.00% of the stock is owned by institutional investors and hedge funds.

Silgan Holdings (NASDAQ SLGN) opened at 30.54 on Thursday. Silgan Holdings has a one year low of $27.98 and a one year high of $64.98. The firm has a market cap of $3.37 billion, a price-to-earnings ratio of 24.26 and a beta of 0.54. The firm has a 50 day moving average of $31.43 and a 200-day moving average of $49.69.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.18%. The ex-dividend date of this dividend is Wednesday, August 30th. Silgan Holdings’s dividend payout ratio is currently 29.03%.

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About Silgan Holdings

Silgan Holdings Inc is a holding company. The Company is a manufacturer of rigid packaging for consumer goods products. The Company operates in three business segments: metal containers, closures and plastic containers. Its metal container segment is engaged in the manufacture and sale of steel and aluminum containers for human and pet food and general line products.

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