Wall Street analysts expect that Silgan Holdings Inc. (NASDAQ:SLGN) will report $0.63 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Silgan’s earnings, with the highest EPS estimate coming in at $0.68 and the lowest estimate coming in at $0.56. Silgan reported earnings of $0.55 per share in the same quarter last year, which would indicate a positive year over year growth rate of 14.5%. The firm is scheduled to issue its next earnings results on Wednesday, July 22nd.

On average, analysts expect that Silgan will report full-year earnings of $2.41 per share for the current fiscal year, with EPS estimates ranging from $2.30 to $2.46. For the next fiscal year, analysts expect that the business will report earnings of $2.56 per share, with EPS estimates ranging from $2.39 to $2.80. Zacks’ EPS averages are an average based on a survey of analysts that follow Silgan.

Silgan (NASDAQ:SLGN) last posted its quarterly earnings data on Wednesday, April 22nd. The industrial products company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.07. The firm had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Silgan had a net margin of 4.56% and a return on equity of 25.52%. The company’s quarterly revenue was up .3% compared to the same quarter last year. During the same quarter last year, the company posted $0.46 EPS.

Several research analysts have recently issued reports on SLGN shares. BidaskClub raised shares of Silgan from a “buy” rating to a “strong-buy” rating in a research note on Thursday, April 2nd. Bank of America raised shares of Silgan from an “underperform” rating to a “buy” rating and set a $37.00 target price on the stock in a research note on Monday, March 16th. Zacks Investment Research lowered shares of Silgan from a “buy” rating to a “hold” rating and set a $36.00 target price on the stock. in a research note on Friday, April 17th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $41.00 target price on shares of Silgan in a research note on Tuesday, January 28th. Finally, JPMorgan Chase & Co. raised their target price on shares of Silgan from $34.00 to $37.00 and gave the company a “neutral” rating in a research note on Friday, April 24th. Four investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $36.83.

In other Silgan news, VP B Frederik Prinzen sold 5,112 shares of Silgan stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $34.51, for a total value of $176,415.12. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 30.32% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in SLGN. Amundi Pioneer Asset Management Inc. bought a new position in Silgan in the first quarter valued at approximately $190,000. Voya Investment Management LLC lifted its stake in Silgan by 21.5% in the third quarter. Voya Investment Management LLC now owns 16,749 shares of the industrial products company’s stock valued at $503,000 after buying an additional 2,962 shares in the last quarter. Empire Life Investments Inc. lifted its stake in Silgan by 5.4% in the fourth quarter. Empire Life Investments Inc. now owns 18,255 shares of the industrial products company’s stock valued at $567,000 after buying an additional 942 shares in the last quarter. Advisors Preferred LLC lifted its stake in Silgan by 4.0% in the fourth quarter. Advisors Preferred LLC now owns 44,185 shares of the industrial products company’s stock valued at $1,373,000 after buying an additional 1,680 shares in the last quarter. Finally, AdvisorShares Investments LLC acquired a new stake in shares of Silgan in the fourth quarter valued at approximately $818,000. 67.37% of the stock is currently owned by hedge funds and other institutional investors.

SLGN traded up $0.23 during midday trading on Friday, hitting $32.83. The company had a trading volume of 1,103,229 shares, compared to its average volume of 652,707. The company has a market capitalization of $3.72 billion, a PE ratio of 17.84, a P/E/G ratio of 2.34 and a beta of 0.70. The company has a debt-to-equity ratio of 2.16, a quick ratio of 0.34 and a current ratio of 0.52. Silgan has a twelve month low of $24.65 and a twelve month high of $35.94. The firm’s 50-day simple moving average is $31.90 and its 200-day simple moving average is $30.91.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.46%. The ex-dividend date is Friday, May 29th. Silgan’s payout ratio is 22.22%.

Silgan Company Profile

Silgan Holdings Inc, together with its subsidiaries, manufactures and sells rigid packaging for consumer goods products worldwide. It operates through three segments: Metal Containers, Closures, and Plastic Containers. The Metal Containers segment manufactures and sells steel and aluminum containers for food products, such as pet food, vegetables, soups, proteins, tomato based products, adult nutritional drinks, fruits, and other miscellaneous food products, as well as general line metal containers primarily for chemicals.

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Earnings History and Estimates for Silgan (NASDAQ:SLGN)

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