Silgan (SLGN) to Release Quarterly Earnings on Wednesday

Silgan (NYSE:SLGN) is scheduled to be announcing its earnings results before the market opens on Wednesday, May 1st. Analysts expect the company to announce earnings of $0.67 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Silgan (NYSE:SLGN) last posted its earnings results on Wednesday, January 31st. The industrial products company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.58 by $0.05. The company had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.39 billion. Silgan had a net margin of 5.44% and a return on equity of 20.29%. On average, analysts expect Silgan to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Silgan Trading Up 0.8 %

NYSE:SLGN opened at $47.33 on Tuesday. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.02 and a quick ratio of 0.61. The firm has a 50-day moving average of $46.01 and a 200-day moving average of $44.07. The company has a market cap of $5.05 billion, a PE ratio of 15.88, a PEG ratio of 2.56 and a beta of 0.68. Silgan has a one year low of $38.11 and a one year high of $50.18.

Silgan Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.61%. This is an increase from Silgan’s previous quarterly dividend of $0.18. The ex-dividend date was Wednesday, March 13th. Silgan’s dividend payout ratio is presently 25.50%.

Wall Street Analyst Weigh In

SLGN has been the subject of a number of recent analyst reports. Citigroup upped their price objective on shares of Silgan from $47.00 to $51.00 and gave the stock a “neutral” rating in a research report on Friday, February 2nd. Raymond James upped their price objective on shares of Silgan from $52.00 to $54.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. Wells Fargo & Company upped their price objective on shares of Silgan from $52.00 to $55.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. Royal Bank of Canada boosted their target price on shares of Silgan from $49.00 to $51.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. Finally, JPMorgan Chase & Co. boosted their target price on shares of Silgan from $39.00 to $46.00 and gave the company an “underweight” rating in a research note on Thursday, February 1st. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Silgan has an average rating of “Moderate Buy” and a consensus price target of $53.13.

Insider Buying and Selling

In related news, VP B Frederik Prinzen sold 4,684 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $43.89, for a total value of $205,580.76. Following the completion of the transaction, the vice president now directly owns 8,613 shares of the company’s stock, valued at approximately $378,024.57. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 13.08% of the stock is owned by insiders.

About Silgan

Silgan Holdings Inc, together with its subsidiaries, manufactures and sells rigid packaging solutions for consumer goods products in the United States and internationally. It operates through three segments: Dispensing and Specialty Closures, Metal Containers, and Custom Containers. The Dispensing and Specialty Closures segment offers a range of metal and plastic closures, and dispensing systems for food, beverage, health care, garden, home, personal care, beauty products, and hard surface cleaning products, as well as capping/sealing equipment and detection systems.