Reynolds Consumer Products (REYN) Projected to Post Earnings on Wednesday

Reynolds Consumer Products (NASDAQ:REYN - Get Free Report) is expected to be issuing its quarterly earnings data before the market opens on Wednesday, February 5th. Analysts expect the company to announce earnings of $0.58 per share and revenue of $971.92 million for the quarter. Investors interested in listening to the company's conference call can do so using this link.

Reynolds Consumer Products (NASDAQ:REYN - Get Free Report) last posted its earnings results on Wednesday, October 30th. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.42 by ($0.01). The company had revenue of $910.00 million during the quarter, compared to analysts' expectations of $902.88 million. Reynolds Consumer Products had a net margin of 10.03% and a return on equity of 18.27%. Reynolds Consumer Products's quarterly revenue was down 2.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.37 EPS. 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 Price Performance

Reynolds Consumer Products stock traded down $0.11 during midday trading on Friday, reaching $27.61. 381,624 shares of the company were exchanged, compared to its average volume of 426,188. The company has a market capitalization of $5.80 billion, a price-to-earnings ratio of 15.78 and a beta of 0.50. Reynolds Consumer Products has a 1 year low of $25.88 and a 1 year high of $32.65. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.89 and a current ratio of 2.04. The firm's 50-day simple moving average is $27.33 and its 200-day simple moving average is $28.79.

Reynolds Consumer Products Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be paid a $0.23 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.92 annualized dividend and a yield of 3.33%. Reynolds Consumer Products's payout ratio is currently 52.57%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Barclays dropped their price objective on shares of Reynolds Consumer Products from $28.00 to $27.00 and set an "equal weight" rating for the company in a research note on Friday, January 17th. UBS Group reduced their price objective on Reynolds Consumer Products from $30.00 to $29.00 and set a "neutral" rating on the stock in a research note on Thursday, January 16th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Reynolds Consumer Products from $30.00 to $28.00 and set a "neutral" rating for the company in a report on Thursday, January 16th. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $30.86.

Insider Buying and Selling

In other news, Director Rolf Stangl purchased 3,682 shares of Reynolds Consumer Products stock in a transaction dated Thursday, December 19th. The stock was bought at an average price of $27.50 per share, with a total value of $101,255.00. Following the completion of the acquisition, the director now owns 10,889 shares in the company, valued at $299,447.50. The trade was a 51.09 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Helen Golding acquired 1,190 shares of Reynolds Consumer Products stock in a transaction dated Thursday, November 14th. The shares were acquired at an average price of $27.58 per share, with a total value of $32,820.20. Following the completion of the transaction, the director now owns 1,190 shares of the company's stock, valued at approximately $32,820.20. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. 0.20% of the stock is currently owned by company insiders.

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.