Silgan (NYSE:SLGN) Announces Earnings Results, Beats Expectations By $0.03 EPS

Silgan (NYSE:SLGN) released its quarterly earnings results on Wednesday. The industrial products company reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.03, Zacks reports. Silgan had a return on equity of 19.77% and a net margin of 4.72%. Silgan updated its FY 2025 guidance to 4.000-4.200 EPS and its Q1 2025 guidance to 0.740-0.840 EPS.

Silgan Stock Down 0.2 %

Shares of SLGN stock traded down $0.09 during trading hours on Friday, hitting $56.06. 36,236 shares of the company were exchanged, compared to its average volume of 552,040. The company has a market capitalization of $5.99 billion, a PE ratio of 21.78, a PEG ratio of 1.34 and a beta of 0.71. Silgan has a 52 week low of $41.14 and a 52 week high of $58.14. The business has a 50 day moving average of $53.67 and a two-hundred day moving average of $51.80. The company has a current ratio of 1.09, a quick ratio of 0.75 and a debt-to-equity ratio of 1.24.

Silgan Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date of this dividend was Monday, December 2nd. Silgan’s payout ratio is currently 29.46%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Raymond James raised their target price on Silgan from $62.00 to $65.00 and gave the company an “outperform” rating in a research note on Thursday. Loop Capital upped their target price on shares of Silgan from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday. JPMorgan Chase & Co. raised their price target on shares of Silgan from $53.00 to $57.00 and gave the company a “neutral” rating in a report on Thursday. Royal Bank of Canada raised their price target on Silgan from $63.00 to $65.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Wells Fargo & Company increased their target price on Silgan from $58.00 to $63.00 and gave the company an “overweight” rating in a research note on Thursday. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $64.22.

About Silgan

Silgan Holdings Inc, together with its subsidiaries, manufactures and sells rigid packaging solutions for consumer goods products in the United States and internationally. It operates through three segments: Dispensing and Specialty Closures, Metal Containers, and Custom Containers. The Dispensing and Specialty Closures segment offers a range of metal and plastic closures, and dispensing systems for food, beverage, health care, garden, home, personal care, beauty products, and hard surface cleaning products, as well as capping/sealing equipment and detection systems.