Ranpak (NYSE:PACK) Issues Earnings Results

Ranpak (NYSE:PACK) issued its quarterly earnings data on Thursday. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.09), Zacks reports. Ranpak had a negative return on equity of 3.54% and a negative net margin of 5.64%. Ranpak updated its FY 2025 guidance to EPS.

Ranpak Stock Performance

Shares of PACK stock traded up $0.14 during trading on Thursday, reaching $6.56. 507,445 shares of the company’s stock traded hands, compared to its average volume of 722,641. The company has a market capitalization of $545.75 million, a P/E ratio of -27.31 and a beta of 2.59. The company has a current ratio of 2.36, a quick ratio of 2.01 and a debt-to-equity ratio of 0.71. The firm’s 50-day moving average is $6.91 and its 200 day moving average is $6.83. Ranpak has a 1 year low of $4.30 and a 1 year high of $9.04.

Wall Street Analyst Weigh In

Separately, Cantor Fitzgerald initiated coverage on shares of Ranpak in a research report on Thursday, December 19th. They set an “overweight” rating and a $11.50 target price for the company.

About Ranpak

Ranpak Holdings Corp., together with its subsidiaries, provides product protection solutions and end-of-line automation solutions for e-commerce and industrial supply chains in North America, Europe, and Asia. The company offers protective packaging solutions, such as void-fill protective systems that convert paper to fill empty spaces in secondary packages and protect objects under the FillPak brand; cushioning protective systems, which convert paper into cushioning pads under the PadPak brand; and wrapping protective systems that create pads or paper mesh to wrap and protect fragile items, as well as to line boxes and provide separation when shipping various objects under the WrapPak, Geami, and ReadyRoll brands, as well as cold chain products, which are used to provide insulation for goods.