Ranpak (NYSE:PACK) Posts Earnings Results, Misses Estimates By $0.04 EPS

Ranpak (NYSE:PACK) released its earnings results on Thursday. The company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.04), Briefing.com reports. The firm had revenue of $85.30 million during the quarter, compared to analysts’ expectations of $85.50 million. Ranpak had a negative net margin of 8.06% and a negative return on equity of 4.63%. The business’s revenue was up 5.0% on a year-over-year basis.

Ranpak Stock Up 2.6 %

PACK stock traded up $0.17 on Friday, reaching $6.73. 437,281 shares of the company traded hands, compared to its average volume of 669,988. Ranpak has a one year low of $2.63 and a one year high of $8.29. 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 company has a market cap of $556.03 million, a P/E ratio of -19.67 and a beta of 2.31. The firm has a fifty day simple moving average of $6.75 and a 200-day simple moving average of $5.20.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on PACK. Robert W. Baird raised their target price on Ranpak from $7.00 to $8.00 and gave the company an “outperform” rating in a research note on Friday. Craig Hallum raised their target price on Ranpak from $8.00 to $10.00 and gave the company a “buy” rating in a research note 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.