Reynolds Consumer Products (REYN) to Release Earnings on Wednesday

Reynolds Consumer Products (NASDAQ:REYN) is scheduled to release its earnings data before the market opens on Wednesday, May 8th. Analysts expect Reynolds Consumer Products to post earnings of $0.22 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Reynolds Consumer Products (NASDAQ:REYN) last released its earnings results on Wednesday, February 7th. The company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.62 by $0.03. Reynolds Consumer Products had a return on equity of 15.77% and a net margin of 7.98%. The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1.01 billion. During the same period last year, the firm earned $0.53 EPS. The business’s revenue for the quarter was down 7.5% on a year-over-year basis. On average, analysts expect Reynolds Consumer Products to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Reynolds Consumer Products Stock Down 0.6 %

NASDAQ:REYN opened at $28.47 on Monday. Reynolds Consumer Products has a 12-month low of $24.80 and a 12-month high of $30.54. The company has a quick ratio of 1.08, a current ratio of 2.18 and a debt-to-equity ratio of 0.92. The firm has a market capitalization of $5.98 billion, a P/E ratio of 20.05 and a beta of 0.48. The stock’s fifty day simple moving average is $28.63 and its 200-day simple moving average is $27.53.

Reynolds Consumer Products Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 17th will be given a $0.23 dividend. The ex-dividend date is Thursday, May 16th. This represents a $0.92 annualized dividend and a dividend yield of 3.23%. Reynolds Consumer Products’s dividend payout ratio is currently 64.79%.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Stifel Nicolaus reiterated a “hold” rating and set a $30.00 target price on shares of Reynolds Consumer Products in a report on Wednesday, March 20th. TheStreet upgraded Reynolds Consumer Products from a “c+” rating to a “b-” rating in a report on Thursday, February 1st. JPMorgan Chase & Co. lifted their target price on Reynolds Consumer Products from $29.00 to $30.00 and gave the stock a “neutral” rating in a report on Thursday, February 8th. Royal Bank of Canada restated a “sector perform” rating and issued a $31.00 price target on shares of Reynolds Consumer Products in a report on Wednesday, March 20th. Finally, Barclays boosted their price target on Reynolds Consumer Products from $27.00 to $28.00 and gave the company an “equal weight” rating in a report on Friday, April 12th. Five research analysts have rated the stock with a hold rating, According to MarketBeat, Reynolds Consumer Products presently has a consensus rating of “Hold” and a consensus target price of $29.80.

About Reynolds Consumer Products

Reynolds Consumer Products Inc produces and sells products in cooking, waste and storage, and tableware product categories in the United States and internationally. It operates through four segments: Reynolds Cooking & Baking, Hefty Waste & Storage, Hefty Tableware, and Presto Products. The Reynolds Cooking & Baking segment produces aluminum foil, disposable aluminum pans, parchment paper, freezer paper, wax paper, butcher paper, plastic wrap, baking cups, oven bags, and slow cooker liners under the Reynolds Wrap, Reynolds KITCHENS, and EZ Foil brands in the United States, as well as under the ALCAN brand in Canada and under the Diamond brand internationally.