Ranpak (NYSE:PACK) Announces Earnings Results, Misses Estimates By $0.09 EPS

Ranpak (NYSE:PACK) issued its quarterly earnings results on Thursday. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.09), Zacks reports. Ranpak had a negative return on equity of 3.54% and a negative net margin of 5.64%. Ranpak updated its FY 2025 guidance to EPS.

Ranpak Stock Up 1.9 %

Shares of PACK traded up $0.12 during midday trading on Thursday, reaching $6.54. 626,842 shares of the stock were exchanged, compared to its average volume of 723,958. Ranpak has a 12-month low of $4.30 and a 12-month high of $9.04. The company has a quick ratio of 2.01, a current ratio of 2.36 and a debt-to-equity ratio of 0.71. The firm has a 50 day simple moving average of $6.91 and a 200-day simple moving average of $6.83. The company has a market cap of $544.50 million, a price-to-earnings ratio of -27.15 and a beta of 2.59.

Wall Street Analysts Forecast Growth

Separately, Cantor Fitzgerald began coverage on shares of Ranpak in a research note on Thursday, December 19th. They set an “overweight” rating and a $11.50 target price for the company.

Ranpak Company Profile

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.