Reynolds Consumer Products (NASDAQ:REYN - Get Free Report) is set to announce its earnings results before the market opens on Wednesday, October 30th. Analysts expect the company to announce earnings of $0.41 per share for the quarter. Investors that wish to listen to the company's conference call can do so using this link.
Reynolds Consumer Products (NASDAQ:REYN - Get Free Report) last issued its earnings results on Wednesday, August 7th. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.02. The business had revenue of $930.00 million for the quarter, compared to analyst estimates of $890.71 million. Reynolds Consumer Products had a net margin of 9.74% and a return on equity of 18.27%. The firm's revenue was down 1.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.32 EPS. On average, analysts expect Reynolds Consumer Products to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
NASDAQ REYN opened at $29.86 on Wednesday. The stock has a market cap of $6.27 billion, a P/E ratio of 17.46 and a beta of 0.48. The company has a quick ratio of 1.01, a current ratio of 2.13 and a debt-to-equity ratio of 0.87. Reynolds Consumer Products has a twelve month low of $24.85 and a twelve month high of $32.65. The company's 50-day simple moving average is $30.88 and its 200 day simple moving average is $29.18.
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were paid a $0.23 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $0.92 annualized dividend and a dividend yield of 3.08%. Reynolds Consumer Products's dividend payout ratio is currently 53.80%.
A number of research firms have recently issued reports on REYN. Jefferies Financial Group started coverage on shares of Reynolds Consumer Products in a research note on Thursday, August 29th. They issued a "buy" rating and a $38.00 target price for the company. Barclays boosted their price objective on Reynolds Consumer Products from $28.00 to $29.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 8th. Royal Bank of Canada raised their target price on Reynolds Consumer Products from $31.00 to $32.00 and gave the company a "sector perform" rating in a research note on Thursday, August 8th. Canaccord Genuity Group increased their price objective on shares of Reynolds Consumer Products from $30.00 to $32.00 and gave the stock a "hold" rating in a report on Thursday, August 8th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Reynolds Consumer Products from $29.00 to $33.00 and gave the company a "neutral" rating in a research report on Thursday, August 8th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $32.33.
Read Our Latest Research Report on 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.
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