Silgan (SLGN) Expected to Announce Earnings on Wednesday

Silgan (NYSE:SLGN) will likely be posting its Q1 2025 quarterly earnings results before the market opens on Wednesday, April 30th. Analysts expect the company to announce earnings of $0.78 per share and revenue of $1.48 billion for the quarter. Silgan has set its FY 2025 guidance at 4.000-4.200 EPS and its Q1 2025 guidance at 0.740-0.840 EPS.

Silgan (NYSE:SLGN) last released its earnings results on Wednesday, January 29th. The industrial products company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.82 by $0.03. Silgan had a net margin of 4.72% and a return on equity of 19.70%. On average, analysts expect Silgan to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Silgan Stock Performance

Silgan stock opened at $50.97 on Wednesday. The firm has a fifty day simple moving average of $50.80 and a two-hundred day simple moving average of $52.42. Silgan has a twelve month low of $41.14 and a twelve month high of $58.14. The company has a market capitalization of $5.44 billion, a PE ratio of 19.75, a P/E/G ratio of 1.27 and a beta of 0.81. The company has a quick ratio of 0.28, a current ratio of 0.45 and a debt-to-equity ratio of 1.24.

Silgan Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, March 17th. This is a boost from Silgan’s previous quarterly dividend of $0.19. This represents a $0.80 annualized dividend and a yield of 1.57%. Silgan’s dividend payout ratio is currently 31.01%.

Insiders Place Their Bets

In related news, CEO Adam J. Greenlee sold 125,000 shares of the company’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $54.73, for a total value of $6,841,250.00. Following the sale, the chief executive officer now directly owns 227,332 shares of the company’s stock, valued at $12,441,880.36. This represents a 35.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Robert B. Lewis sold 20,000 shares of the firm’s stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $53.22, for a total value of $1,064,400.00. Following the transaction, the executive vice president now directly owns 152,133 shares of the company’s stock, valued at $8,096,518.26. This represents a 11.62 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.39% of the company’s stock.

Analysts Set New Price Targets

SLGN has been the subject of several recent research reports. Raymond James upgraded Silgan from an “outperform” rating to a “strong-buy” rating and lowered their price objective for the company from $65.00 to $60.00 in a research report on Tuesday. JPMorgan Chase & Co. upped their price target on shares of Silgan from $53.00 to $57.00 and gave the company a “neutral” rating in a report on Thursday, January 30th. Bank of America raised their price target on shares of Silgan from $60.00 to $61.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Robert W. Baird upped their price objective on shares of Silgan from $60.00 to $62.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. Finally, Loop Capital raised their target price on Silgan from $70.00 to $75.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. Two research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Silgan currently has an average rating of “Moderate Buy” and a consensus target price of $62.78.

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.