Equities analysts expect that Silgan Holdings Inc. (NASDAQ:SLGN) will report earnings of $0.35 per share for the current quarter, according to Zacks. Five analysts have issued estimates for Silgan’s earnings. The lowest EPS estimate is $0.35 and the highest is $0.36. Silgan posted earnings per share of $0.31 during the same quarter last year, which would indicate a positive year over year growth rate of 12.9%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, April 25th.
On average, analysts expect that Silgan will report full-year earnings of $2.09 per share for the current financial year, with EPS estimates ranging from $2.06 to $2.10. For the next financial year, analysts expect that the company will report earnings of $2.24 per share, with EPS estimates ranging from $2.10 to $2.35. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for Silgan.
Silgan (NASDAQ:SLGN) last released its quarterly earnings data on Tuesday, January 30th. The industrial products company reported $0.32 earnings per share for the quarter, hitting the consensus estimate of $0.32. The business had revenue of $995.70 million during the quarter, compared to analyst estimates of $970.24 million. Silgan had a return on equity of 30.15% and a net margin of 6.59%. The company’s revenue was up 23.6% compared to the same quarter last year. During the same period last year, the company posted $0.48 EPS.
In related news, Director D Greg Horrigan sold 355,934 shares of Silgan stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $28.01, for a total transaction of $9,969,711.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Robert B. Lewis sold 15,000 shares of Silgan stock in a transaction on Monday, February 26th. The shares were sold at an average price of $29.01, for a total value of $435,150.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 468,655 shares of company stock valued at $13,206,189. Insiders own 33.10% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Assetmark Inc. boosted its position in Silgan by 162.3% during the fourth quarter. Assetmark Inc. now owns 4,320 shares of the industrial products company’s stock valued at $127,000 after purchasing an additional 2,673 shares during the last quarter. State of Alaska Department of Revenue bought a new position in Silgan during the fourth quarter valued at about $158,000. Cubist Systematic Strategies LLC bought a new position in Silgan during the third quarter valued at about $167,000. Amundi Pioneer Asset Management Inc. bought a new position in Silgan during the fourth quarter valued at about $199,000. Finally, Breton Hill Capital Ltd. bought a new position in Silgan during the third quarter valued at about $218,000. 68.11% of the stock is owned by hedge funds and other institutional investors.
Shares of Silgan (NASDAQ:SLGN) opened at $28.64 on Friday. The company has a market capitalization of $3,155.92, a price-to-earnings ratio of 11.81, a PEG ratio of 1.37 and a beta of 0.53. The company has a quick ratio of 0.60, a current ratio of 1.35 and a debt-to-equity ratio of 3.18. Silgan has a 12-month low of $27.21 and a 12-month high of $32.50.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 16th will be given a dividend of $0.10 per share. This is a boost from Silgan’s previous quarterly dividend of $0.09. The ex-dividend date is Thursday, March 15th. This represents a $0.40 dividend on an annualized basis and a yield of 1.40%. Silgan’s dividend payout ratio (DPR) is presently 14.88%.
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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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