Reynolds Consumer Products (REYN) to Release Earnings on Wednesday

Reynolds Consumer Products (NASDAQ:REYN) 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. Parties interested in participating in the company’s conference call can do so using this link.

Reynolds Consumer Products Stock Performance

Shares of REYN stock opened at $28.11 on Tuesday. The firm has a 50 day moving average of $27.33 and a 200-day moving average of $28.81. Reynolds Consumer Products has a 52 week low of $25.88 and a 52 week high of $32.65. The company has a quick ratio of 0.89, a current ratio of 2.04 and a debt-to-equity ratio of 0.84. The company has a market cap of $5.91 billion, a price-to-earnings ratio of 16.06 and a beta of 0.50.

Reynolds Consumer Products Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 3.27%. The ex-dividend date is Friday, February 14th. Reynolds Consumer Products’s payout ratio is currently 52.57%.

Wall Street Analyst Weigh In

REYN has been the topic of several recent analyst reports. JPMorgan Chase & Co. dropped their price objective on Reynolds Consumer Products from $30.00 to $28.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Royal Bank of Canada reissued a “sector perform” rating and set a $32.00 price objective on shares of Reynolds Consumer Products in a report on Monday. Barclays cut their price objective on Reynolds Consumer Products from $28.00 to $27.00 and set an “equal weight” rating for the company in a report on Friday, January 17th. Finally, UBS Group cut their price objective on Reynolds Consumer Products from $30.00 to $29.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Reynolds Consumer Products presently has an average rating of “Hold” and an average target price of $30.86.

Insider Activity at Reynolds Consumer Products

In other news, Director Rolf Stangl bought 3,682 shares of the stock in a transaction on Thursday, December 19th. The shares were 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 ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Helen Golding bought 1,190 shares of the stock in a transaction on Thursday, November 14th. The stock was purchased at an average cost of $27.58 per share, for a total transaction of $32,820.20. Following the acquisition, the director now owns 1,190 shares of the company’s stock, valued at $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 owned by corporate insiders.

About Reynolds Consumer Products

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.