Silgan (NYSE:SLGN - Get Free Report) issued its quarterly earnings results on Wednesday. The industrial products company reported $0.85 earnings per share for the quarter, topping analysts' consensus estimates of $0.82 by $0.03, Zacks reports. Silgan had a return on equity of 19.77% and a net margin of 4.72%. Silgan updated its FY 2025 guidance to 4.000-4.200 EPS and its Q1 2025 guidance to 0.740-0.840 EPS.
Silgan Stock Performance
Shares of Silgan stock traded down $1.05 during mid-day trading on Friday, hitting $55.10. 2,542,741 shares of the stock were exchanged, compared to its average volume of 490,465. Silgan has a 12 month low of $41.14 and a 12 month high of $58.14. The company has a 50-day simple moving average of $53.64 and a 200 day simple moving average of $51.92. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.75 and a current ratio of 1.09. The company has a market capitalization of $5.88 billion, a P/E ratio of 21.36, a P/E/G ratio of 1.34 and a beta of 0.71.
Silgan Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were given a dividend of $0.19 per share. The ex-dividend date was Monday, December 2nd. This represents a $0.76 annualized dividend and a dividend yield of 1.38%. Silgan's dividend payout ratio is currently 29.46%.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on SLGN. Wells Fargo & Company increased their price target on Silgan from $58.00 to $63.00 and gave the stock an "overweight" rating in a report on Thursday. Royal Bank of Canada raised their target price on Silgan from $63.00 to $65.00 and gave the company an "outperform" rating in a research note on Thursday. JPMorgan Chase & Co. raised their target price on Silgan from $53.00 to $57.00 and gave the company a "neutral" rating in a research note on Thursday. Truist Financial restated a "buy" rating and issued a $70.00 target price (up from $69.00) on shares of Silgan in a research note on Thursday. Finally, Bank of America raised their target price on Silgan from $60.00 to $61.00 and gave the company a "buy" rating in a research note on Monday, January 6th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $64.22.
Check Out Our Latest Stock Analysis on SLGN
About Silgan
(
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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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