Ranpak (NYSE:PACK) Posts 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) announced its 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 return on equity of 6.25% and a negative net margin of 9.06%. The firm had revenue of $77.80 million during the quarter, compared to the consensus estimate of $94.45 million. Ranpak updated its FY 2025 guidance to EPS.

Ranpak Price Performance

Shares of Ranpak stock traded down $0.20 during midday trading on Thursday, hitting $4.12. 231,573 shares of the company traded hands, compared to its average volume of 556,685. The firm's fifty day moving average price is $3.65 and its 200-day moving average price is $4.74. Ranpak has a 12 month low of $2.91 and a 12 month high of $8.70. The stock has a market cap of $346.62 million, a price-to-earnings ratio of -9.82 and a beta of 2.70. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.38 and a current ratio of 1.78.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Ranpak stock. Empowered Funds LLC lifted its position in Ranpak Holdings Corp (NYSE:PACK - Free Report) by 4.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 379,061 shares of the company's stock after buying an additional 15,184 shares during the period. Empowered Funds LLC owned about 0.45% of Ranpak worth $2,055,000 as of its most recent SEC filing. Institutional investors and hedge funds own 85.94% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Cantor Fitzgerald lifted their target price on shares of Ranpak from $6.00 to $6.50 and gave the company an "overweight" rating in a report on Wednesday. Craig Hallum reissued a "buy" rating on shares of Ranpak in a research report on Tuesday. Finally, Robert W. Baird dropped their price target on shares of Ranpak from $7.00 to $5.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 7th.

Ranpak Company Profile

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.