Reynolds Consumer Products (NASDAQ:REYN – Get Rating) is scheduled to be releasing its earnings data before the market opens on Wednesday, February 8th. Analysts expect Reynolds Consumer Products to post earnings of $0.57 per share for the quarter. Parties interested in participating in the company's conference call can do so using this link.
Reynolds Consumer Products (NASDAQ:REYN – Get Rating) last released its quarterly earnings results on Tuesday, November 8th. The company reported $0.24 earnings per share for the quarter, topping analysts' consensus estimates of $0.22 by $0.02. Reynolds Consumer Products had a return on equity of 14.99% and a net margin of 6.90%. The company had revenue of $967.00 million during the quarter, compared to analysts' expectations of $981.34 million. 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 stock opened at $29.77 on Wednesday. The stock has a 50-day moving average price of $30.50 and a two-hundred day moving average price of $29.32. The company has a market cap of $6.25 billion, a PE ratio of 24.20 and a beta of 0.47. Reynolds Consumer Products has a 12-month low of $24.54 and a 12-month high of $32.50. The company has a current ratio of 2.16, a quick ratio of 0.70 and a debt-to-equity ratio of 1.15.
Reynolds Consumer Products Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 28th. Shareholders of record on Tuesday, February 14th will be paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 3.09%. The ex-dividend date is Monday, February 13th. Reynolds Consumer Products's payout ratio is currently 74.80%.
Institutional Trading of Reynolds Consumer Products
A number of hedge funds have recently added to or reduced their stakes in the company. MetLife Investment Management LLC purchased a new stake in shares of Reynolds Consumer Products during the 1st quarter worth approximately $32,000. Lazard Asset Management LLC purchased a new position in shares of Reynolds Consumer Products during the 1st quarter worth about $70,000. Covestor Ltd increased its position in Reynolds Consumer Products by 89.0% during the 1st quarter. Covestor Ltd now owns 3,631 shares of the company's stock worth $107,000 after purchasing an additional 1,710 shares in the last quarter. UBS Group AG grew its position in Reynolds Consumer Products by 485.1% in the third quarter. UBS Group AG now owns 7,606 shares of the company's stock valued at $198,000 after acquiring an additional 6,306 shares in the last quarter. Finally, Verition Fund Management LLC purchased a new position in shares of Reynolds Consumer Products during the 1st quarter valued at approximately $200,000. 29.91% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of brokerages have commented on REYN. Credit Suisse Group cut shares of Reynolds Consumer Products from an "outperform" rating to a "neutral" rating and cut their price target for the stock from $33.00 to $32.00 in a research note on Tuesday, January 17th. 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. TheStreet raised shares of Reynolds Consumer Products from a "c+" rating to a "b-" rating in a research note on Friday, December 2nd. JPMorgan Chase & Co. raised 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. Finally, Barclays lifted their target price on shares of Reynolds Consumer Products to $27.00 in a research note on Tuesday, November 15th. One equities 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 stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $30.50.
Reynolds Consumer Products Company Profile
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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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