Reynolds Consumer Products (REYN) Scheduled to Post Earnings on Wednesday

Reynolds Consumer Products (NASDAQ:REYN) is scheduled to post its quarterly earnings results before the market opens on Wednesday, August 7th. Analysts expect Reynolds Consumer Products to post earnings of $0.44 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Reynolds Consumer Products (NASDAQ:REYN) last issued its earnings results on Wednesday, May 8th. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.22 by $0.01. The company had revenue of $833.00 million during the quarter, compared to analysts’ expectations of $814.92 million. Reynolds Consumer Products had a net margin of 8.88% and a return on equity of 17.09%. The business’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.08 EPS. On average, analysts expect Reynolds Consumer Products to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Reynolds Consumer Products Stock Performance

Shares of Reynolds Consumer Products stock opened at $27.89 on Wednesday. The firm has a fifty day moving average of $27.84 and a two-hundred day moving average of $28.25. The stock has a market capitalization of $5.86 billion, a price-to-earnings ratio of 17.76 and a beta of 0.47. Reynolds Consumer Products has a 52 week low of $24.80 and a 52 week high of $30.54. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.01 and a current ratio of 2.11.

Reynolds Consumer Products Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 16th will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 3.30%. The ex-dividend date of this dividend is Friday, August 16th. Reynolds Consumer Products’s payout ratio is 58.60%.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. JPMorgan Chase & Co. dropped their target price on shares of Reynolds Consumer Products from $30.00 to $29.00 and set a “neutral” rating for the company in a research report on Monday, July 22nd. Canaccord Genuity Group upped their price objective on shares of Reynolds Consumer Products from $29.00 to $30.00 and gave the company a “hold” rating in a research report on Thursday, May 9th. Finally, Barclays reduced their target price on shares of Reynolds Consumer Products from $29.00 to $28.00 and set an “equal weight” rating for the company in a research note on Friday, July 19th. Six investment analysts have rated the stock with a hold rating, According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $29.67.

Reynolds Consumer Products Company Profile

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 aluminum 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 EZ Foil brands in the United States, as well as under the ALCAN brand in Canada and under the Diamond brand internationally.