Ranpak (NYSE:PACK) Announces Quarterly Earnings Results, Misses Estimates By $0.13 EPS

Key Points

• Ranpak reported a quarterly earnings per share (EPS) of ($0.09), missing the consensus estimate of $0.04 by ($0.13).
• Despite the earnings miss, shares of Ranpak (PACK) increased by 16.4% to reach $4.12 during trading.
• Analysts have adjusted their price targets for Ranpak, with Robert W. Baird lowering it from $7.00 to $5.00 and Cantor Fitzgerald from $11.50 to $6.00.

Ranpak (NYSE:PACK - Get Free Report) released its quarterly earnings results on Tuesday. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.13), Zacks reports. Ranpak had a negative net margin of 9.06% and a negative return on equity of 6.29%. The company had revenue of $77.80 million for the quarter, compared to the consensus estimate of $94.45 million. Ranpak updated its FY 2025 guidance to EPS.

Ranpak Price Performance

Shares of NYSE:PACK traded down $0.03 during mid-day trading on Friday, reaching $3.95. The stock had a trading volume of 406,296 shares, compared to its average volume of 478,692. Ranpak has a 1 year low of $2.91 and a 1 year high of $8.70. The company has a current ratio of 1.74, a quick ratio of 1.38 and a debt-to-equity ratio of 0.74. The business's 50 day moving average price is $3.67 and its 200 day moving average price is $4.70. The company has a market cap of $332.37 million, a P/E ratio of -9.40 and a beta of 2.70.

Wall Street Analyst Weigh In

Several brokerages have recently commented on PACK. Robert W. Baird lowered their price objective on Ranpak from $7.00 to $5.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 7th. Cantor Fitzgerald boosted their price objective on Ranpak from $6.00 to $6.50 and gave the company an "overweight" rating in a research report on Wednesday. Finally, Craig Hallum restated a "buy" rating on shares of Ranpak in a research report on Tuesday.

Institutional Investors Weigh In On Ranpak

A hedge fund recently raised its stake in Ranpak stock. Geode Capital Management LLC raised its stake in shares of Ranpak Holdings Corp (NYSE:PACK - Free Report) by 2.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,084,531 shares of the company's stock after purchasing an additional 30,529 shares during the period. Geode Capital Management LLC owned 1.29% of Ranpak worth $3,872,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 85.94% of the stock is owned by hedge funds and other 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.