Media headlines about Silgan Holdings (NASDAQ:SLGN) have been trending somewhat positive on Sunday, according to Accern Sentiment. Accern rates the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Silgan Holdings earned a coverage optimism score of 0.21 on Accern’s scale. Accern also assigned media coverage about the industrial products company an impact score of 45.6241422126234 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Shares of Silgan Holdings (SLGN) opened at 29.53 on Friday. Silgan Holdings has a one year low of $23.58 and a one year high of $32.50. The firm has a 50-day moving average price of $30.05 and a 200-day moving average price of $30.60. The company has a market capitalization of $3.26 billion, a P/E ratio of 23.46 and a beta of 0.54.
Silgan Holdings (NASDAQ:SLGN) last released its earnings results on Wednesday, July 26th. The industrial products company reported $0.35 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.35. Silgan Holdings had a return on equity of 31.19% and a net margin of 3.83%. The firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the prior year, the firm earned $0.60 EPS. The firm’s revenue was up 16.8% on a year-over-year basis. Equities analysts forecast that Silgan Holdings will post $1.66 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 1.22%. The ex-dividend date of this dividend was Wednesday, August 30th. Silgan Holdings’s dividend payout ratio is currently 29.03%.
A number of brokerages have recently commented on SLGN. ValuEngine lowered Silgan Holdings from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. KeyCorp reaffirmed a “hold” rating on shares of Silgan Holdings in a research note on Friday, August 25th. BidaskClub raised Silgan Holdings from a “strong sell” rating to a “sell” rating in a research note on Monday, August 14th. Bank of America Corporation lowered Silgan Holdings from a “buy” rating to a “neutral” rating and set a $35.00 price objective on the stock. in a research note on Thursday, July 27th. Finally, Robert W. Baird lowered Silgan Holdings from an “outperform” rating to a “neutral” rating and set a $35.00 price objective on the stock. in a research note on Wednesday, July 19th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $32.33.
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In other news, insider Thomas James Snyder sold 10,506 shares of the stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $30.78, for a total transaction of $323,374.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Anthony P. Andreacchi sold 2,192 shares of the stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $30.18, for a total transaction of $66,154.56. The disclosure for this sale can be found here. Insiders have sold a total of 19,698 shares of company stock worth $597,429 over the last ninety days. 33.10% of the stock is owned by insiders.
Silgan Holdings Company Profile
Silgan Holdings Inc is a holding company. The Company is a manufacturer of rigid packaging for consumer goods products. The Company operates in three business segments: metal containers, closures and plastic containers. Its metal container segment is engaged in the manufacture and sale of steel and aluminum containers for human and pet food and general line products.
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