Equities research analysts forecast that Silgan Holdings Inc. (NASDAQ:SLGN) will report sales of $1.30 billion for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Silgan’s earnings, with estimates ranging from $1.27 billion to $1.33 billion. Silgan reported sales of $1.18 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 10.2%. The company is expected to issue its next quarterly earnings report on Wednesday, July 28th.
According to Zacks, analysts expect that Silgan will report full year sales of $5.39 billion for the current fiscal year, with estimates ranging from $5.26 billion to $5.50 billion. For the next fiscal year, analysts expect that the firm will post sales of $5.47 billion, with estimates ranging from $5.39 billion to $5.59 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that follow Silgan.
Silgan (NASDAQ:SLGN) last issued its quarterly earnings data on Wednesday, April 28th. The industrial products company reported $0.75 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.04. Silgan had a return on equity of 29.13% and a net margin of 5.98%. The company had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.21 billion. During the same quarter in the previous year, the company posted $0.57 earnings per share. Silgan’s revenue was up 20.2% compared to the same quarter last year.
In related news, VP B Frederik Prinzen sold 4,752 shares of the business’s stock in a transaction dated Friday, May 7th. The stock was sold at an average price of $43.14, for a total value of $205,001.28. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Anthony J. Allott sold 23,678 shares of the business’s stock in a transaction dated Wednesday, February 17th. The stock was sold at an average price of $38.40, for a total value of $909,235.20. Following the completion of the sale, the chief executive officer now owns 1,033,453 shares in the company, valued at $39,684,595.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 28,708 shares of company stock valued at $1,125,009. Corporate insiders own 30.32% of the company’s stock.
Several large investors have recently bought and sold shares of the stock. BlackRock Inc. lifted its position in shares of Silgan by 2.8% in the first quarter. BlackRock Inc. now owns 6,857,004 shares of the industrial products company’s stock worth $288,200,000 after buying an additional 185,257 shares in the last quarter. Cardinal Capital Management LLC CT raised its position in Silgan by 7.7% during the fourth quarter. Cardinal Capital Management LLC CT now owns 3,588,561 shares of the industrial products company’s stock valued at $133,064,000 after purchasing an additional 257,688 shares during the period. Wells Fargo & Company MN raised its position in Silgan by 7.7% during the fourth quarter. Wells Fargo & Company MN now owns 3,039,573 shares of the industrial products company’s stock valued at $112,708,000 after purchasing an additional 216,214 shares during the period. Dimensional Fund Advisors LP raised its position in Silgan by 0.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,283,728 shares of the industrial products company’s stock valued at $84,681,000 after purchasing an additional 7,086 shares during the period. Finally, Acadian Asset Management LLC raised its position in Silgan by 10.5% during the first quarter. Acadian Asset Management LLC now owns 2,029,011 shares of the industrial products company’s stock valued at $85,282,000 after purchasing an additional 193,178 shares during the period. Institutional investors own 66.72% of the company’s stock.
NASDAQ:SLGN opened at $43.27 on Friday. The stock has a 50-day simple moving average of $42.80 and a two-hundred day simple moving average of $38.54. Silgan has a 52-week low of $30.68 and a 52-week high of $44.55. The company has a debt-to-equity ratio of 2.60, a quick ratio of 0.92 and a current ratio of 1.47. The firm has a market capitalization of $4.78 billion, a PE ratio of 17.04, a P/E/G ratio of 2.39 and a beta of 0.73.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 15th. Stockholders of record on Tuesday, June 1st will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date of this dividend is Friday, May 28th. Silgan’s dividend payout ratio (DPR) is 25.93%.
Silgan Company Profile
Silgan Holdings Inc, together with its subsidiaries, manufactures and sells rigid packaging for consumer goods products in North America, Europe, and internationally. It operates through three segments: Metal Containers, Closures, and Plastic Containers. The Metal Containers segment manufactures and sells steel and aluminum containers for food products, such as pet food, vegetables, soups, proteins, tomato based products, adult nutritional drinks, fruits, and other miscellaneous food products, as well as general line metal containers primarily for chemicals.
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