Reynolds Consumer Products (NASDAQ:REYN) Issues Quarterly Earnings Results, Hits Estimates

Reynolds Consumer Products (NASDAQ:REYN) announced its quarterly earnings data on Wednesday. The company reported $0.58 EPS for the quarter, hitting analysts’ consensus estimates of $0.58, Zacks reports. Reynolds Consumer Products had a return on equity of 18.27% and a net margin of 10.03%. Reynolds Consumer Products updated its FY 2025 guidance to 1.610-1.680 EPS and its Q1 2025 guidance to 0.220-0.240 EPS.

Reynolds Consumer Products Trading Down 3.3 %

Reynolds Consumer Products stock traded down $0.92 during mid-day trading on Wednesday, hitting $26.89. 132,496 shares of the company’s stock were exchanged, compared to its average volume of 483,640. Reynolds Consumer Products has a fifty-two week low of $25.88 and a fifty-two week high of $32.65. The company has a quick ratio of 0.89, a current ratio of 2.04 and a debt-to-equity ratio of 0.84. The firm has a market capitalization of $5.65 billion, a P/E ratio of 15.42 and a beta of 0.50. The company’s 50 day simple moving average is $27.34 and its 200-day simple moving average is $28.83.

Reynolds Consumer Products Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.42%. The ex-dividend date is Friday, February 14th. Reynolds Consumer Products’s dividend payout ratio is currently 52.57%.

Insider Buying and Selling at Reynolds Consumer Products

In other news, Director Rolf Stangl bought 3,682 shares of the stock in a transaction on Thursday, December 19th. The stock was purchased at an average price of $27.50 per share, for a total transaction of $101,255.00. Following the acquisition, the director now owns 10,889 shares in the company, valued at approximately $299,447.50. This trade represents a 51.09 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Helen Golding purchased 1,190 shares of the company’s stock in a transaction on Thursday, November 14th. The stock was purchased at an average cost of $27.58 per share, for a total transaction of $32,820.20. Following the purchase, the director now directly owns 1,190 shares in the company, valued at approximately $32,820.20. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.20% of the company’s stock.

Wall Street Analysts Forecast Growth

REYN has been the subject of several analyst reports. Barclays lowered their price target on shares of Reynolds Consumer Products from $28.00 to $27.00 and set an “equal weight” rating for the company in a research report on Friday, January 17th. UBS Group 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 Thursday, January 16th. JPMorgan Chase & Co. reduced their price target on Reynolds Consumer Products from $30.00 to $28.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $32.00 price objective on shares of Reynolds Consumer Products in a research note on Monday. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Reynolds Consumer Products currently has a consensus rating of “Hold” and a consensus target price of $30.86.

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.