Silgan (NYSE:SLGN – Get Free Report) announced its quarterly earnings results on Wednesday. The industrial products company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.02, Briefing.com reports. Silgan had a net margin of 5.25% and a return on equity of 19.26%. The firm had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.37 billion. During the same quarter last year, the firm earned $0.78 EPS. The firm’s revenue for the quarter was down 7.1% compared to the same quarter last year.
Silgan Stock Up 2.0 %
Shares of NYSE:SLGN opened at $46.28 on Friday. The company has a quick ratio of 0.61, a current ratio of 0.49 and a debt-to-equity ratio of 1.35. The business’s 50 day moving average is $46.10 and its 200 day moving average is $44.16. The stock has a market cap of $4.94 billion, a P/E ratio of 16.24, a price-to-earnings-growth ratio of 2.48 and a beta of 0.69. Silgan has a 52-week low of $38.11 and a 52-week high of $49.72.
Silgan Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were issued a $0.19 dividend. This is a positive change from Silgan’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.64%. Silgan’s payout ratio is presently 26.67%.
Wall Street Analysts Forecast Growth
Check Out Our Latest Stock Report on SLGN
Insiders Place Their Bets
In other news, VP B Frederik Prinzen sold 4,684 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $43.89, for a total transaction of $205,580.76. Following the transaction, the vice president now owns 8,613 shares in the company, valued at $378,024.57. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 13.08% of the company’s stock.
Silgan Company Profile
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.
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