Ranpak (PACK) Set to Announce Earnings on Thursday

Ranpak (NYSE:PACK) is set to release its earnings data before the market opens on Thursday, May 2nd. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Ranpak (NYSE:PACK) last announced its quarterly earnings data on Monday, March 11th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.06). The business had revenue of $90.40 million during the quarter, compared to analysts’ expectations of $87.04 million. Ranpak had a negative net margin of 8.06% and a negative return on equity of 4.63%. Ranpak’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same period last year, the company posted ($0.51) EPS.

Ranpak Trading Down 3.5 %

Shares of PACK opened at $7.25 on Wednesday. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.60 and a quick ratio of 2.24. The firm has a fifty day simple moving average of $6.65 and a two-hundred day simple moving average of $5.18. Ranpak has a twelve month low of $2.63 and a twelve month high of $8.29.

Wall Street Analysts Forecast Growth

Separately, Craig Hallum increased their price target on shares of Ranpak from $8.00 to $10.00 and gave the company a “buy” rating in a research report on Monday, April 1st.

Ranpak Company Profile

Ranpak Holdings Corp., together with its subsidiaries, provides product protection solutions and end-of-line automation solutions for e-commerce and industrial supply chains in North America, Europe, and Asia. The company offers protective packaging solutions, such as void-fill protective systems that convert paper to fill empty spaces in secondary packages and protect objects under the FillPak brand; cushioning protective systems, which convert paper into cushioning pads under the PadPak brand; and wrapping protective systems that create pads or paper mesh to wrap and protect fragile items, as well as to line boxes and provide separation when shipping various objects under the WrapPak, Geami, and ReadyRoll brands, as well as cold chain products, which are used to provide insulation for goods.