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

Silgan (NYSE:SLGN) released its quarterly earnings data on Wednesday. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.03, Zacks reports. Silgan had a return on equity of 18.76% and a net margin of 5.11%. Silgan updated its FY 2025 guidance to 4.000-4.200 EPS and its Q1 2025 guidance to 0.740-0.840 EPS.

Silgan Price Performance

NYSE SLGN opened at $53.04 on Wednesday. The company has a 50 day simple moving average of $53.64 and a 200-day simple moving average of $51.75. Silgan has a 52-week low of $41.14 and a 52-week high of $58.14. The firm has a market capitalization of $5.66 billion, a price-to-earnings ratio of 19.22, a price-to-earnings-growth ratio of 1.26 and a beta of 0.71. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.09 and a quick ratio of 0.75.

Silgan Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were issued a $0.19 dividend. The ex-dividend date was Monday, December 2nd. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.43%. Silgan’s dividend payout ratio is 27.54%.

Analysts Set New Price Targets

Several research firms have recently commented on SLGN. Bank of America upped their price target on shares of Silgan from $60.00 to $61.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. StockNews.com cut shares of Silgan from a “buy” rating to a “hold” rating in a research report on Wednesday, October 9th. Royal Bank of Canada boosted their price objective on Silgan from $58.00 to $63.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. Finally, Truist Financial lifted their target price on Silgan from $63.00 to $69.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $59.75.

Silgan Company Profile

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.