Reynolds Consumer Products (NASDAQ:REYN) Releases Quarterly Earnings Results

Reynolds Consumer Products (NASDAQ:REYN - Get Free Report) released its quarterly earnings data on Wednesday. The company reported $0.58 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.58, Zacks reports. Reynolds Consumer Products had a return on equity of 17.14% and a net margin of 9.56%. Reynolds Consumer Products updated its FY 2025 guidance to 1.610-1.680 EPS and its Q1 2025 guidance to 0.220-0.240 EPS.

Reynolds Consumer Products Trading Up 0.6 %

Shares of REYN traded up $0.15 during trading hours on Friday, hitting $24.97. 829,624 shares of the stock traded hands, compared to its average volume of 523,893. The business has a fifty day moving average of $27.21 and a 200-day moving average of $28.78. The firm has a market capitalization of $5.25 billion, a PE ratio of 14.86 and a beta of 0.50. Reynolds Consumer Products has a 1-year low of $24.79 and a 1-year high of $32.65. The company has a current ratio of 2.04, a quick ratio of 0.89 and a debt-to-equity ratio of 0.79.

Reynolds Consumer Products Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.68%. Reynolds Consumer Products's payout ratio is currently 54.76%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on REYN. Canaccord Genuity Group dropped their target price on shares of Reynolds Consumer Products from $31.00 to $30.00 and set a "hold" rating for the company in a research report on Thursday. Royal Bank of Canada reiterated a "sector perform" rating and issued a $32.00 target price on shares of Reynolds Consumer Products in a research note on Monday, February 3rd. JPMorgan Chase & Co. decreased their price target on Reynolds Consumer Products from $30.00 to $28.00 and set a "neutral" rating on the stock in a research report on Thursday, January 16th. Stifel Nicolaus cut their price objective on Reynolds Consumer Products from $32.00 to $31.00 and set a "hold" rating for the company in a research report on Thursday. Finally, UBS Group decreased their target price on Reynolds Consumer Products from $30.00 to $29.00 and set a "neutral" rating on the stock in a report on Thursday, January 16th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $30.38.

Insider Buying and Selling

In related news, Director Rolf Stangl purchased 3,682 shares of Reynolds Consumer Products stock in a transaction dated Thursday, December 19th. The shares were acquired at an average cost of $27.50 per share, for a total transaction of $101,255.00. Following the transaction, the director now directly owns 10,889 shares of the company's stock, valued at approximately $299,447.50. This trade represents a 51.09 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Helen Golding acquired 1,190 shares of the firm's stock in a transaction that occurred on Thursday, November 14th. The shares were bought at an average cost of $27.58 per share, with a total value of $32,820.20. Following the completion of the purchase, the director now owns 1,190 shares of the company's stock, valued at $32,820.20. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.20% of the company's stock.

Reynolds Consumer Products Company Profile

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.