Reynolds Consumer Products (NASDAQ:REYN – Get Rating) is scheduled to be announcing its earnings results before the market opens on Wednesday, February 8th. Analysts expect the company to announce earnings of $0.57 per share for the quarter. Persons that are interested in registering for the company's earnings conference call can do so using this link.
Reynolds Consumer Products (NASDAQ:REYN – Get Rating) last announced its quarterly earnings data on Tuesday, November 8th. The company reported $0.24 EPS for the quarter, beating analysts' consensus estimates of $0.22 by $0.02. The company had revenue of $967.00 million during the quarter, compared to the consensus estimate of $981.34 million. Reynolds Consumer Products had a return on equity of 14.99% and a net margin of 6.90%. On average, analysts expect Reynolds Consumer Products to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.
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Reynolds Consumer Products Price Performance
REYN opened at $29.77 on Wednesday. The company has a quick ratio of 0.70, a current ratio of 2.16 and a debt-to-equity ratio of 1.15. Reynolds Consumer Products has a 12-month low of $24.54 and a 12-month high of $32.50. The stock has a fifty day moving average of $30.50 and a 200-day moving average of $29.32. The firm has a market capitalization of $6.25 billion, a P/E ratio of 24.20 and a beta of 0.47.
Reynolds Consumer Products Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 28th. Stockholders of record on Tuesday, February 14th will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 3.09%. The ex-dividend date is Monday, February 13th. Reynolds Consumer Products's dividend payout ratio is currently 74.80%.
Analysts Set New Price Targets
A number of research firms have recently issued reports on REYN. Credit Suisse Group cut shares of Reynolds Consumer Products from an "outperform" rating to a "neutral" rating and cut their target price for the company from $33.00 to $32.00 in a research note on Tuesday, January 17th. TheStreet upgraded shares of Reynolds Consumer Products from a "c+" rating to a "b-" rating in a research note on Friday, December 2nd. Royal Bank of Canada lowered shares of Reynolds Consumer Products from an "outperform" rating to a "sector perform" rating and set a $30.00 price objective on the stock. in a research note on Tuesday, January 3rd. Barclays upped their price target on shares of Reynolds Consumer Products to $27.00 in a report on Tuesday, November 15th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Reynolds Consumer Products from $32.00 to $35.00 and gave the company an "overweight" rating in a research note on Tuesday, December 13th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, Reynolds Consumer Products currently has an average rating of "Hold" and a consensus target price of $30.50.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in shares of Reynolds Consumer Products by 2.3% in the 3rd quarter. Vanguard Group Inc. now owns 5,483,449 shares of the company's stock worth $142,624,000 after buying an additional 123,883 shares during the last quarter. BlackRock Inc. lifted its position in Reynolds Consumer Products by 1.3% during the third quarter. BlackRock Inc. now owns 2,434,504 shares of the company's stock valued at $63,323,000 after acquiring an additional 30,966 shares during the last quarter. State Street Corp increased its stake in Reynolds Consumer Products by 4.9% during the 3rd quarter. State Street Corp now owns 870,025 shares of the company's stock valued at $22,629,000 after purchasing an additional 40,553 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Reynolds Consumer Products by 1.6% in the third quarter. Bank of New York Mellon Corp now owns 716,483 shares of the company's stock worth $18,635,000 after acquiring an additional 11,548 shares during the period. Finally, Bank of America Corp DE boosted its holdings in Reynolds Consumer Products by 22.3% during the first quarter. Bank of America Corp DE now owns 572,049 shares of the company's stock worth $16,784,000 after buying an additional 104,116 shares in the last quarter. Hedge funds and other institutional investors own 29.91% of the company's stock.
About Reynolds Consumer Products
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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 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 E-Z 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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