Reynolds Consumer Products (NASDAQ:REYN – Get Free Report) released its earnings results on Wednesday. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.01), Briefing.com reports. The company had revenue of $910.00 million during the quarter, compared to analysts’ expectations of $902.88 million. Reynolds Consumer Products had a net margin of 9.74% and a return on equity of 18.27%. The company’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same quarter last year, the business posted $0.37 earnings per share.
Reynolds Consumer Products Stock Performance
REYN stock traded down $0.42 during trading on Thursday, hitting $27.27. The company had a trading volume of 246,039 shares, compared to its average volume of 563,618. The firm has a market cap of $5.73 billion, a PE ratio of 17.27 and a beta of 0.48. Reynolds Consumer Products has a 1-year low of $25.08 and a 1-year high of $32.65. The firm has a 50-day moving average price of $30.78 and a 200-day moving average price of $29.22. The company has a quick ratio of 1.01, a current ratio of 2.13 and a debt-to-equity ratio of 0.87.
Reynolds Consumer Products Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.37%. The ex-dividend date of this dividend is Friday, November 15th. Reynolds Consumer Products’s dividend payout ratio (DPR) is currently 58.60%.
Analysts Set New Price Targets
Read Our Latest Research Report on REYN
Reynolds Consumer Products Company Profile
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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