Silgan (SLGN) to Release Earnings on Wednesday

Silgan (NYSE:SLGN - Get Free Report) will likely be announcing its Q1 2025 earnings results before the market opens on Wednesday, April 30th. Analysts expect Silgan to post earnings of $0.78 per share and revenue of $1.48 billion for the quarter. Silgan has set its FY 2025 guidance at 4.000-4.200 EPS and its Q1 2025 guidance at 0.740-0.840 EPS.

Silgan (NYSE:SLGN - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The industrial products company reported $0.85 EPS for the quarter, beating analysts' consensus estimates of $0.82 by $0.03. Silgan had a return on equity of 19.70% and a net margin of 4.72%. On average, analysts expect Silgan to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Silgan Stock Up 4.4 %

SLGN stock opened at $50.97 on Wednesday. The stock has a market cap of $5.44 billion, a P/E ratio of 19.75, a P/E/G ratio of 1.27 and a beta of 0.81. The company has a current ratio of 0.45, a quick ratio of 0.28 and a debt-to-equity ratio of 1.24. The stock's fifty day simple moving average is $50.80 and its two-hundred day simple moving average is $52.42. Silgan has a 1-year low of $41.14 and a 1-year high of $58.14.

Silgan Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were issued a $0.20 dividend. This is an increase from Silgan's previous quarterly dividend of $0.19. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date was Monday, March 17th. Silgan's payout ratio is 31.01%.

Insider Transactions at Silgan

In other Silgan news, EVP Robert B. Lewis sold 20,000 shares of the company's stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $53.22, for a total value of $1,064,400.00. Following the transaction, the executive vice president now directly owns 152,133 shares in the company, valued at $8,096,518.26. This represents a 11.62 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Adam J. Greenlee sold 125,000 shares of Silgan stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $54.73, for a total value of $6,841,250.00. Following the sale, the chief executive officer now owns 227,332 shares of the company's stock, valued at approximately $12,441,880.36. This trade represents a 35.48 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.39% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on SLGN. Truist Financial lowered their price objective on shares of Silgan from $70.00 to $62.00 and set a "buy" rating on the stock in a research report on Tuesday. JPMorgan Chase & Co. upped their price target on Silgan from $53.00 to $57.00 and gave the company a "neutral" rating in a research report on Thursday, January 30th. Royal Bank of Canada lifted their price objective on Silgan from $63.00 to $65.00 and gave the stock an "outperform" rating in a report on Thursday, January 30th. Wells Fargo & Company upped their price objective on shares of Silgan from $58.00 to $63.00 and gave the company an "overweight" rating in a report on Thursday, January 30th. Finally, Raymond James upgraded shares of Silgan from an "outperform" rating to a "strong-buy" rating and reduced their target price for the stock from $65.00 to $60.00 in a research note on Tuesday. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Silgan currently has a consensus rating of "Moderate Buy" and a consensus price target of $62.78.

About Silgan

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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