Cantor Fitzgerald Predicts Stronger Earnings for Ranpak

Key Points

• Cantor Fitzgerald has revised its FY2025 earnings estimate for Ranpak Holdings Corp to ($0.32) per share, up from a previous estimate of ($0.38), while maintaining an "Overweight" rating and a target price of $6.50.
• Ranpak's most recent quarterly earnings report showed an EPS of (0.09), missing analyst expectations, with revenue at $77.80 million compared to estimates of $94.45 million.
• Institutional investors own nearly 86% of Ranpak's stock, with notable purchases from firms such as GAMMA Investing LLC and Farther Finance Advisors LLC.

Ranpak Holdings Corp (NYSE:PACK - Free Report) - Research analysts at Cantor Fitzgerald raised their FY2025 EPS estimates for shares of Ranpak in a research note issued to investors on Wednesday, August 6th. Cantor Fitzgerald analyst T. Jensen now anticipates that the company will post earnings per share of ($0.32) for the year, up from their prior estimate of ($0.38). Cantor Fitzgerald has a "Overweight" rating and a $6.50 price objective on the stock. The consensus estimate for Ranpak's current full-year earnings is ($0.20) per share.

A number of other analysts have also commented on the stock. Robert W. Baird reduced their price target on shares of Ranpak from $7.00 to $5.00 and set a "neutral" rating for the company in a research note on Wednesday, May 7th. Craig Hallum reiterated a "buy" rating on shares of Ranpak in a research note on Tuesday, August 5th.

Ranpak Stock Up 7.3%

NYSE:PACK traded up $0.30 on Friday, reaching $4.33. 587,307 shares of the stock traded hands, compared to its average volume of 557,839. The company has a market capitalization of $364.29 million, a price-to-earnings ratio of -10.30 and a beta of 2.70. The company has a current ratio of 1.74, a quick ratio of 1.30 and a debt-to-equity ratio of 0.74. Ranpak has a 12 month low of $2.91 and a 12 month high of $8.70. The company's fifty day simple moving average is $3.69 and its 200 day simple moving average is $4.67.

Ranpak (NYSE:PACK - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported ($0.09) earnings per share for the quarter, missing analysts' consensus estimates of $0.04 by ($0.13). The firm had revenue of $77.80 million for the quarter, compared to the consensus estimate of $94.45 million. Ranpak had a negative net margin of 9.06% and a negative return on equity of 6.29%.

Institutional Trading of Ranpak

A number of large investors have recently made changes to their positions in PACK. Coliseum Capital Management LLC bought a new stake in shares of Ranpak in the first quarter worth approximately $8,501,000. G2 Investment Partners Management LLC boosted its holdings in shares of Ranpak by 28.7% in the fourth quarter. G2 Investment Partners Management LLC now owns 3,070,511 shares of the company's stock worth $21,125,000 after buying an additional 683,851 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Ranpak by 8.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,569,282 shares of the company's stock worth $17,677,000 after buying an additional 198,973 shares during the last quarter. Roubaix Capital LLC boosted its holdings in shares of Ranpak by 20.8% in the first quarter. Roubaix Capital LLC now owns 995,098 shares of the company's stock worth $5,393,000 after buying an additional 171,093 shares during the last quarter. Finally, Resolute Capital Asset Partners LLC purchased a new position in shares of Ranpak in the first quarter worth approximately $867,000. 85.94% of the stock is currently owned by institutional investors.

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.