Ranpak (PACK) Scheduled to Post Quarterly Earnings on Thursday

Ranpak (NYSE:PACK - Get Free Report) is scheduled to issue its quarterly earnings data before the market opens on Thursday, October 31st. Individual that are interested in registering for the company's earnings conference call can do so using this link.

Ranpak (NYSE:PACK - Get Free Report) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.13. Ranpak had a negative net margin of 4.41% and a negative return on equity of 2.67%. The business had revenue of $86.40 million for the quarter, compared to the consensus estimate of $87.67 million. During the same quarter last year, the company posted ($0.03) earnings per share. Ranpak's quarterly revenue was up 5.5% on a year-over-year basis.

Ranpak Stock Performance

Shares of NYSE:PACK traded down $0.03 during trading on Friday, hitting $5.80. 151,676 shares of the stock were exchanged, compared to its average volume of 469,324. Ranpak has a 1-year low of $2.63 and a 1-year high of $9.04. The company has a market capitalization of $481.37 million, a price-to-earnings ratio of -20.96 and a beta of 2.36. The company has a debt-to-equity ratio of 0.69, a quick ratio of 2.07 and a current ratio of 2.52. The company's fifty day simple moving average is $6.46 and its 200-day simple moving average is $6.68.

Analysts Set New Price Targets

Several research analysts recently weighed in on PACK shares. Baird R W cut shares of Ranpak from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 14th. Robert W. Baird downgraded shares of Ranpak from an "outperform" rating to a "neutral" rating and set a $10.00 target price on the stock. in a research report on Wednesday, August 14th.

About Ranpak

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.