Silgan (NASDAQ:SLGN) issued an update on its FY21 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $3.30-3.45 for the period, compared to the Thomson Reuters consensus estimate of $3.08. Silgan also updated its Q1 guidance to $0.65-0.75 EPS.
SLGN opened at $36.28 on Wednesday. The company has a quick ratio of 0.92, a current ratio of 1.47 and a debt-to-equity ratio of 2.60. The stock has a market cap of $4.01 billion, a price-to-earnings ratio of 14.28, a PEG ratio of 2.39 and a beta of 0.73. Silgan has a twelve month low of $24.65 and a twelve month high of $40.44. The company's 50-day moving average price is $36.59 and its two-hundred day moving average price is $36.59.
Silgan (NASDAQ:SLGN) last released its earnings results on Monday, January 25th. The industrial products company reported $0.60 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.53 by $0.07. Silgan had a net margin of 5.98% and a return on equity of 29.13%. As a group, sell-side analysts anticipate that Silgan will post 2.98 earnings per share for the current year.
A number of brokerages recently commented on SLGN. Smith Barney Citigroup cut shares of Silgan from a buy rating to a neutral rating and dropped their price target for the company from $46.00 to $39.00 in a research note on Thursday, January 7th. Wells Fargo & Company upgraded shares of Silgan from an equal weight rating to an overweight rating and upped their price target for the company from $43.00 to $45.00 in a research note on Friday, December 4th. Zacks Investment Research raised shares of Silgan from a hold rating to a buy rating and set a $39.00 target price on the stock in a report on Tuesday, January 12th. Bank of America lowered shares of Silgan from a neutral rating to an underperform rating in a report on Tuesday, November 24th. Finally, Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell lowered shares of Silgan from a buy rating to a neutral rating and decreased their target price for the stock from $46.00 to $39.00 in a report on Thursday, January 7th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of Buy and a consensus price target of $39.45.
Silgan Holdings Inc, together with its subsidiaries, manufactures and sells rigid packaging for consumer goods products in North America, Europe, and internationally. It operates through three segments: Metal Containers, Closures, and Plastic Containers. The Metal Containers segment manufactures and sells steel and aluminum containers for food products, such as pet food, vegetables, soups, proteins, tomato based products, adult nutritional drinks, fruits, and other miscellaneous food products, as well as general line metal containers primarily for chemicals.
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7 Infrastructure Stocks That May Help Rebuild America
Despite their disagreements (real or imagined) on almost everything, Democrats and Republicans alike love infrastructure projects. These are easy wins for Congressional leaders seeking re-election. And they typically spur job creation, which contributes to economic growth.
With that in mind, it’s ironic that, in the last four years, the United States Congress did not pass an infrastructure bill.
Nevertheless, even with (and maybe because of) the gridlock that looks to be in the country’s future, the infrastructure looks to be on the front burner again. The economic recovery is still far from complete. Unfortunately, neither are America’s roads, energy grid, telecommunications systems, and the like. That means that it would seem like a good policy for a Biden administration to look at an infrastructure bill.
Biden will be under pressure to endorse the $1.5 trillion infrastructure package that the Democrat-controlled House of Representatives passed in July. But the package may need to be tweaked a bit since it currently includes climate change initiatives that have kept the bill from advancing through the Senate.
However, it appears that the economy will need some significant juice after whatever this winter brings in terms of the virus. And if calmer heads prevail (we can always hope), there may be a major infrastructure bill to stimulate job creation. And we’ve identified seven stocks that should bear watching if this comes to pass.
View the "7 Infrastructure Stocks That May Help Rebuild America".