Silgan (NYSE:SLGN) Announces Quarterly Earnings Results, Beats Expectations By $0.03 EPS

Silgan (NYSE:SLGN) posted its quarterly earnings data on Wednesday. The industrial products company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.82 by $0.03, Zacks reports. Silgan had a net margin of 5.11% and a return on equity of 18.76%. Silgan updated its FY 2025 guidance to 4.000-4.200 EPS and its Q1 2025 guidance to 0.740-0.840 EPS.

Silgan Stock Up 7.1 %

NYSE:SLGN opened at $56.79 on Wednesday. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.09 and a quick ratio of 0.75. Silgan has a 1-year low of $41.14 and a 1-year high of $58.14. The company has a 50-day moving average of $53.64 and a 200 day moving average of $51.75. The firm has a market cap of $6.06 billion, a PE ratio of 20.58, a price-to-earnings-growth ratio of 1.26 and a beta of 0.71.

Silgan Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were issued a $0.19 dividend. The ex-dividend date was Monday, December 2nd. This represents a $0.76 annualized dividend and a dividend yield of 1.34%. Silgan’s payout ratio is currently 27.54%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Royal Bank of Canada increased their price objective on shares of Silgan from $58.00 to $63.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. Bank of America boosted their price objective on Silgan from $60.00 to $61.00 and gave the company a “buy” rating in a report on Monday, January 6th. StockNews.com lowered Silgan from a “buy” rating to a “hold” rating in a research note on Wednesday, October 9th. Finally, Truist Financial boosted their target price on shares of Silgan from $63.00 to $69.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $59.75.

Silgan Company Profile

Silgan Holdings Inc, together with its subsidiaries, manufactures and sells rigid packaging solutions for consumer goods products in the United States and internationally. It operates through three segments: Dispensing and Specialty Closures, Metal Containers, and Custom Containers. The Dispensing and Specialty Closures segment offers a range of metal and plastic closures, and dispensing systems for food, beverage, health care, garden, home, personal care, beauty products, and hard surface cleaning products, as well as capping/sealing equipment and detection systems.