Reynolds Consumer Products (NASDAQ:REYN) Updates Q4 2024 Earnings Guidance

Reynolds Consumer Products (NASDAQ:REYN) updated its fourth quarter 2024 earnings guidance on Wednesday. The company provided EPS guidance of 0.560-0.600 for the period, compared to the consensus EPS estimate of 0.580. The company issued revenue guidance of $945.0 million-$985.0 million, compared to the consensus revenue estimate of $977.2 million. Reynolds Consumer Products also updated its FY 2024 guidance to 1.660-1.700 EPS.

Reynolds Consumer Products Price Performance

Shares of Reynolds Consumer Products stock opened at $27.22 on Friday. The business’s fifty day moving average price is $30.64 and its 200 day moving average price is $29.20. Reynolds Consumer Products has a twelve month low of $25.29 and a twelve month high of $32.65. The company has a current ratio of 2.13, a quick ratio of 1.01 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $5.72 billion, a P/E ratio of 15.55 and a beta of 0.48.

Reynolds Consumer Products (NASDAQ:REYN) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.01). The firm had revenue of $910.00 million during the quarter, compared to analyst estimates of $902.88 million. Reynolds Consumer Products had a net margin of 10.03% and a return on equity of 18.41%. The business’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.37 earnings per share. As a group, research analysts anticipate that Reynolds Consumer Products will post 1.69 earnings per share for the current year.

Reynolds Consumer Products Announces Dividend

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

Analysts Set New Price Targets

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

About Reynolds Consumer Products

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.