Ranpak (NYSE:PACK) Releases Earnings Results, Misses Estimates By $0.04 EPS

Ranpak (NYSE:PACK) posted its quarterly earnings data on Thursday. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.04), Briefing.com reports. The firm had revenue of $85.30 million for the quarter, compared to the consensus estimate of $85.50 million. Ranpak had a negative return on equity of 4.63% and a negative net margin of 8.06%. The company’s revenue was up 5.0% on a year-over-year basis.

Ranpak Stock Up 2.6 %

Shares of Ranpak stock traded up $0.17 during trading on Friday, reaching $6.73. The company’s stock had a trading volume of 437,281 shares, compared to its average volume of 669,988. The company has a quick ratio of 2.24, a current ratio of 2.60 and a debt-to-equity ratio of 0.70. The company has a market cap of $556.03 million, a price-to-earnings ratio of -19.67 and a beta of 2.31. Ranpak has a 1-year low of $2.63 and a 1-year high of $8.29. The company has a 50-day simple moving average of $6.75 and a two-hundred day simple moving average of $5.20.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on PACK shares. Craig Hallum upped their price target on Ranpak from $8.00 to $10.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. Robert W. Baird raised their price objective on Ranpak from $7.00 to $8.00 and gave the stock an “outperform” rating in a research report on Friday.

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.