Reynolds Consumer Products (NASDAQ:REYN) Issues Q4 Earnings Guidance

by · The Cerbat Gem

Reynolds Consumer Products (NASDAQ:REYN – Get Free Report) issued an update on its fourth quarter earnings guidance on Wednesday morning. The company provided EPS guidance of $0.56-0.60 for the period, compared to the consensus EPS estimate of $0.58. The company issued revenue guidance of $945-985 million, compared to the consensus revenue estimate of $977.17 million. Reynolds Consumer Products also updated its FY 2024 guidance to 1.660-1.700 EPS.

Reynolds Consumer Products Stock Up 1.0 %

REYN traded up $0.27 on Friday, reaching $27.22. 1,055,167 shares of the company traded hands, compared to its average volume of 570,133. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.13 and a quick ratio of 1.01. The company has a market cap of $5.72 billion, a price-to-earnings ratio of 15.55 and a beta of 0.48. The stock’s 50 day moving average price is $30.64 and its 200-day moving average price is $29.20. Reynolds Consumer Products has a 52-week low of $25.29 and a 52-week high of $32.65.

Reynolds Consumer Products (NASDAQ:REYN – Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.01). Reynolds Consumer Products had a return on equity of 18.41% and a net margin of 10.03%. The firm had revenue of $910.00 million during the quarter, compared to analyst estimates of $902.88 million. During the same quarter in the previous year, the firm posted $0.37 earnings per share. Reynolds Consumer Products’s quarterly revenue was down 2.7% compared to the same quarter last year. On average, sell-side analysts expect that Reynolds Consumer Products will post 1.69 EPS for the current fiscal year.

Reynolds Consumer Products Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 3.38%. The ex-dividend date is Friday, November 15th. Reynolds Consumer Products’s payout ratio is currently 52.57%.

Analyst Ratings Changes

Several equities analysts recently commented on REYN shares. JPMorgan Chase & Co. upped their target price on shares of Reynolds Consumer Products from $29.00 to $33.00 and gave the company a “neutral” rating in a research note on Thursday, August 8th. Barclays lowered their price target on shares of Reynolds Consumer Products from $29.00 to $28.00 and set an “equal weight” rating on the stock in a report on Thursday. Royal Bank of Canada boosted their price target on shares of Reynolds Consumer Products from $31.00 to $32.00 and gave the company a “sector perform” rating in a report on Thursday, August 8th. Jefferies Financial Group assumed coverage on shares of Reynolds Consumer Products in a report on Thursday, August 29th. They issued a “buy” rating and a $38.00 price target on the stock. Finally, Canaccord Genuity Group upped their target price on shares of Reynolds Consumer Products from $30.00 to $32.00 and gave the stock a “hold” rating in a report on Thursday, August 8th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Reynolds Consumer Products currently has a consensus rating of “Hold” and an average target price of $32.17.

Read Our Latest Stock Analysis on REYN

Reynolds Consumer Products Company Profile

(Get Free Report)

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.

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