Silgan Holdings (SLGN) Earns Coverage Optimism Rating of 0.21
Press coverage about Silgan Holdings (NASDAQ:SLGN) has been trending somewhat positive on Sunday, according to Accern. The research firm rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Silgan Holdings earned a coverage optimism score of 0.21 on Accern’s scale. Accern also gave press coverage about the industrial products company an impact score of 45.6241422126234 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Silgan Holdings (SLGN) opened at 29.35 on Friday. The stock has a 50 day moving average of $30.32 and a 200-day moving average of $30.62. The company has a market cap of $3.24 billion, a PE ratio of 23.31 and a beta of 0.54. Silgan Holdings has a 1-year low of $23.58 and a 1-year high of $32.50.
Silgan Holdings (NASDAQ:SLGN) last posted its quarterly earnings results on Wednesday, July 26th. The industrial products company reported $0.35 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.35. The business 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%. The firm’s revenue for the quarter was up 16.8% on a year-over-year basis. During the same quarter last year, the business posted $0.60 EPS. On average, equities research analysts predict that Silgan Holdings will post $1.66 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.36 annualized dividend and a dividend yield of 1.23%. Silgan Holdings’s dividend payout ratio is 29.03%.
A number of equities research analysts have weighed in on the company. BidaskClub downgraded Silgan Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Robert W. Baird downgraded Silgan Holdings from an “outperform” rating to a “neutral” rating and set a $35.00 price objective on the stock. in a report on Wednesday, July 19th. ValuEngine downgraded Silgan Holdings from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Bank of America Corporation downgraded Silgan Holdings from a “buy” rating to a “neutral” rating and set a $35.00 price objective on the stock. in a report on Thursday, July 27th. Finally, BMO Capital Markets reaffirmed a “buy” rating and set a $34.00 price objective on shares of Silgan Holdings in a report on Sunday, July 9th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $31.36.
In related news, VP Anthony P. Andreacchi sold 2,192 shares of the stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $30.18, for a total transaction of $66,154.56. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Thomas James Snyder sold 10,506 shares of the stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $30.78, for a total transaction of $323,374.68. The disclosure for this sale can be found here. Insiders have sold a total of 19,698 shares of company stock worth $597,429 in the last quarter. 33.10% of the stock is currently owned by company insiders.
Silgan Holdings Company Profile
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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