Equities analysts forecast that Silgan Holdings Inc. (NASDAQ:SLGN) will announce $984.99 million in sales for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Silgan’s earnings. The lowest sales estimate is $952.00 million and the highest is $1.01 billion. Silgan reported sales of $805.40 million in the same quarter last year, which indicates a positive year over year growth rate of 22.3%. The company is scheduled to report its next quarterly earnings results on Wednesday, April 25th.
On average, analysts expect that Silgan will report full-year sales of $984.99 million for the current financial year, with estimates ranging from $4.25 billion to $4.51 billion. For the next fiscal year, analysts forecast that the company will post sales of $4.43 billion per share, with estimates ranging from $4.25 billion to $4.59 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Silgan.
Silgan (NASDAQ:SLGN) last issued its quarterly earnings results on Tuesday, January 30th. The industrial products company reported $0.32 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.32. The firm had revenue of $995.70 million during the quarter, compared to the consensus estimate of $970.24 million. Silgan had a return on equity of 30.15% and a net margin of 6.59%. The business’s revenue was up 23.6% compared to the same quarter last year. During the same period last year, the business posted $0.48 EPS.
Silgan (NASDAQ SLGN) traded down $0.62 during mid-day trading on Friday, hitting $28.90. 569,029 shares of the stock were exchanged, compared to its average volume of 636,267. The company has a market cap of $3,230.98, a PE ratio of 11.94, a PEG ratio of 1.40 and a beta of 0.53. The company has a quick ratio of 0.60, a current ratio of 1.35 and a debt-to-equity ratio of 3.18. Silgan has a one year low of $27.21 and a one year high of $32.50.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 16th will be given a $0.10 dividend. This is a boost from Silgan’s previous quarterly dividend of $0.09. The ex-dividend date is Thursday, March 15th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.38%. Silgan’s payout ratio is presently 14.88%.
In other Silgan news, Director D Greg Horrigan sold 69,121 shares of the business’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $28.69, for a total value of $1,983,081.49. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Robert B. Lewis sold 15,000 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $29.01, for a total transaction of $435,150.00. The disclosure for this sale can be found here. Insiders sold 468,655 shares of company stock worth $13,206,189 in the last 90 days. Corporate insiders own 33.10% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the business. Crossmark Global Holdings Inc. purchased a new position in shares of Silgan during the third quarter valued at about $264,000. Victory Capital Management Inc. lifted its stake in shares of Silgan by 73.2% in the third quarter. Victory Capital Management Inc. now owns 7,638 shares of the industrial products company’s stock worth $225,000 after buying an additional 3,228 shares in the last quarter. Stevens Capital Management LP bought a new position in Silgan during the third quarter valued at approximately $266,000. American Century Companies Inc. lifted its position in Silgan by 22.2% during the third quarter. American Century Companies Inc. now owns 1,445,334 shares of the industrial products company’s stock valued at $42,536,000 after purchasing an additional 262,728 shares during the period. Finally, Swiss National Bank lifted its position in Silgan by 1.8% during the third quarter. Swiss National Bank now owns 129,100 shares of the industrial products company’s stock valued at $3,799,000 after purchasing an additional 2,300 shares during the period. Hedge funds and other institutional investors own 68.11% of the company’s stock.
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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