Ranpak (NYSE:PACK) Releases Earnings Results, Misses Estimates By $0.09 EPS

Ranpak (NYSE:PACK - Get Free Report) released its quarterly earnings data on Tuesday. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.09), Zacks reports. Ranpak had a negative return on equity of 3.54% and a negative net margin of 5.64%. The company's revenue for the quarter was up 6.9% on a year-over-year basis. During the same period in the prior year, the company earned ($0.10) earnings per share.

Ranpak Stock Performance

Ranpak stock traded down $1.09 during midday trading on Tuesday, reaching $3.20. 858,325 shares of the company traded hands, compared to its average volume of 418,779. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.36 and a quick ratio of 2.01. Ranpak has a 12 month low of $3.16 and a 12 month high of $9.04. The firm has a market capitalization of $267.72 million, a price-to-earnings ratio of -13.31 and a beta of 2.79. The business has a 50 day moving average of $4.93 and a two-hundred day moving average of $6.28.

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.

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