Reynolds Consumer Products (NASDAQ:REYN - Get Free Report) will post its quarterly earnings results before the market opens on Wednesday, October 30th. Analysts expect Reynolds Consumer Products to post earnings of $0.41 per share for the quarter. Persons that wish to register for the company's earnings conference call can do so using this link.
Reynolds Consumer Products (NASDAQ:REYN - Get Free Report) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.46 EPS for the quarter, beating analysts' consensus estimates of $0.44 by $0.02. The company had revenue of $930.00 million during the quarter, compared to the consensus estimate of $890.71 million. Reynolds Consumer Products had a return on equity of 18.27% and a net margin of 9.74%. Reynolds Consumer Products's revenue was down 1.1% on a year-over-year basis. During the same period last year, the business posted $0.32 earnings per share. 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 Performance
Shares of REYN traded up $0.14 on Wednesday, reaching $30.00. 380,661 shares of the company's stock traded hands, compared to its average volume of 565,016. The company has a current ratio of 2.13, a quick ratio of 1.01 and a debt-to-equity ratio of 0.87. The stock has a market cap of $6.30 billion, a PE ratio of 17.54 and a beta of 0.48. The stock's 50 day simple moving average is $30.88 and its two-hundred day simple moving average is $29.19. Reynolds Consumer Products has a 52-week low of $24.85 and a 52-week high of $32.65.
Reynolds Consumer Products Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date of this dividend was Friday, August 16th. Reynolds Consumer Products's payout ratio is 53.80%.
Analyst Ratings Changes
A number of brokerages recently commented on REYN. Jefferies Financial Group began coverage on Reynolds Consumer Products in a research report on Thursday, August 29th. They set a "buy" rating and a $38.00 price target for the company. Canaccord Genuity Group increased their price objective on Reynolds Consumer Products from $30.00 to $32.00 and gave the company a "hold" rating in a report on Thursday, August 8th. Royal Bank of Canada increased their price objective on Reynolds Consumer Products from $31.00 to $32.00 and gave the company a "sector perform" rating in a report on Thursday, August 8th. JPMorgan Chase & Co. increased their price objective on Reynolds Consumer Products from $29.00 to $33.00 and gave the company a "neutral" rating in a report on Thursday, August 8th. Finally, Barclays increased their price objective on Reynolds Consumer Products from $28.00 to $29.00 and gave the company an "equal weight" rating in a report on Thursday, August 8th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $32.33.
Check Out Our Latest Analysis on REYN
Reynolds Consumer Products Company Profile
(
Get Free Report)
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.
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