News coverage about Silgan (NASDAQ:SLGN) has been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Silgan earned a daily sentiment score of 0.19 on Accern’s scale. Accern also gave news articles about the industrial products company an impact score of 46.5646908228992 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Several analysts recently issued reports on the stock. Bank of America downgraded shares of Silgan from a “neutral” rating to an “underperform” rating in a research report on Tuesday, January 2nd. Zacks Investment Research downgraded shares of Silgan from a “buy” rating to a “hold” rating in a report on Tuesday, January 2nd. BMO Capital Markets reaffirmed a “buy” rating and set a $34.00 price objective on shares of Silgan in a report on Monday, November 20th. KeyCorp reiterated an “underweight” rating and set a $25.00 target price (down from $28.99) on shares of Silgan in a research note on Friday, December 8th. Finally, Royal Bank of Canada started coverage on Silgan in a research note on Monday, October 9th. They set a “sector perform” rating and a $30.00 target price on the stock. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $31.00.
Silgan (SLGN) opened at $29.52 on Friday. Silgan has a twelve month low of $26.67 and a twelve month high of $32.50. The company has a current ratio of 1.26, a quick ratio of 0.73 and a debt-to-equity ratio of 3.96. The company has a market capitalization of $3,276.97, a PE ratio of 19.03, a PEG ratio of 1.58 and a beta of 0.51.
Silgan (NASDAQ:SLGN) last issued its earnings results on Wednesday, October 25th. The industrial products company reported $0.66 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.69 by ($0.03). The firm had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.28 billion. Silgan had a return on equity of 32.87% and a net margin of 3.77%. The firm’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.61 EPS. research analysts forecast that Silgan will post 1.64 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date of this dividend was Thursday, November 30th. Silgan’s dividend payout ratio (DPR) is presently 27.38%.
In related news, Director William C. Jennings sold 25,642 shares of the company’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $28.38, for a total transaction of $727,719.96. Following the completion of the transaction, the director now owns 42,180 shares in the company, valued at $1,197,068.40. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 33.10% of the company’s stock.
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Silgan 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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