According to Zacks, “For first-quarter 2017, Silgan expects earnings to be in the range of $0.48–$0.58, the midpoint of which implies 18% growth year over year. For 2017, Silgan guides earnings per share in the range of $3.15–$3.35. The mid-point of the guidance reflects a year-over-year growth of 17%. Silgan Holdings will benefit from the acquisition of WestRock Company’s specialty closures and dispensing systems business that will boost the scope and breadth of its market leading closure business. Silgan has outperformed the Zacks categorized subindustry in the past one year. The company will also gain from footprint optimization programs across its businesses. However, high debt, interest levels and foreign exchange volatility remain concerns.”
SLGN has been the topic of a number of other reports. Barclays PLC upped their target price on shares of Silgan Holdings from $54.00 to $55.00 and gave the stock an equal weight rating in a research note on Monday, February 6th. BMO Capital Markets reaffirmed a buy rating and issued a $65.00 price target on shares of Silgan Holdings in a research report on Monday, March 27th. Finally, Bank of America Corp raised shares of Silgan Holdings from an underperform rating to a buy rating in a research report on Monday, January 23rd. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of $54.71.
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Shares of Silgan Holdings (NASDAQ:SLGN) opened at 59.22 on Monday. Silgan Holdings has a 1-year low of $47.16 and a 1-year high of $61.77. The company has a market capitalization of $3.26 billion, a PE ratio of 23.22 and a beta of 0.57. The company has a 50 day moving average price of $59.31 and a 200 day moving average price of $54.77.
Silgan Holdings (NASDAQ:SLGN) last issued its earnings results on Tuesday, January 31st. The industrial products company reported $0.48 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.48. The business had revenue of $805.90 million for the quarter, compared to the consensus estimate of $814.52 million. Silgan Holdings had a net margin of 4.25% and a return on equity of 25.75%. The company’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.48 EPS. Equities analysts predict that Silgan Holdings will post $3.24 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 30th. Stockholders of record on Thursday, March 16th were given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend was Tuesday, March 14th. This is a boost from Silgan Holdings’s previous quarterly dividend of $0.17. Silgan Holdings’s dividend payout ratio is presently 26.67%.
Large investors have recently made changes to their positions in the company. US Bancorp DE boosted its stake in shares of Silgan Holdings by 2.8% in the third quarter. US Bancorp DE now owns 4,665 shares of the industrial products company’s stock valued at $236,000 after buying an additional 127 shares during the last quarter. LS Investment Advisors LLC boosted its stake in shares of Silgan Holdings by 6.4% in the third quarter. LS Investment Advisors LLC now owns 2,624 shares of the industrial products company’s stock valued at $133,000 after buying an additional 157 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake in shares of Silgan Holdings by 2.2% in the first quarter. Louisiana State Employees Retirement System now owns 9,500 shares of the industrial products company’s stock valued at $564,000 after buying an additional 200 shares during the last quarter. Pacer Advisors Inc. boosted its stake in shares of Silgan Holdings by 9.1% in the third quarter. Pacer Advisors Inc. now owns 2,740 shares of the industrial products company’s stock valued at $139,000 after buying an additional 228 shares during the last quarter. Finally, Capstone Asset Management Co. boosted its stake in shares of Silgan Holdings by 5.0% in the third quarter. Capstone Asset Management Co. now owns 4,839 shares of the industrial products company’s stock valued at $245,000 after buying an additional 230 shares during the last quarter. 74.27% of the stock is owned by hedge funds and other institutional investors.
Silgan Holdings Company Profile
Silgan Holdings Inc is a holding company. The Company is a manufacturer of rigid packaging for consumer goods products. The Company operates in three business segments: metal containers, closures and plastic containers. Its metal container segment is engaged in the manufacture and sale of steel and aluminum containers for human and pet food and general line products.
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