Ranpak (NYSE:PACK) Announces Earnings Results, Misses Expectations By $0.09 EPS

Ranpak (NYSE:PACK - Get Free Report) announced its quarterly earnings results on Tuesday. The company reported ($0.13) earnings per share for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.09), Zacks reports. Ranpak had a negative net margin of 5.64% and a negative return on equity of 3.54%. The company had revenue of $91.20 million during the quarter, compared to analyst estimates of $90.56 million. During the same quarter last year, the business earned ($0.10) EPS. The firm's revenue for the quarter was up 6.9% compared to the same quarter last year.

Ranpak Stock Up 0.9 %

NYSE PACK traded up $0.03 during trading hours on Friday, hitting $3.38. 424,196 shares of the company traded hands, compared to its average volume of 434,624. The stock has a market capitalization of $282.60 million, a price-to-earnings ratio of -14.08 and a beta of 2.79. Ranpak has a twelve month low of $2.91 and a twelve month high of $9.04. The business's 50-day moving average is $4.65 and its 200-day moving average is $6.20. The company has a debt-to-equity ratio of 0.71, a quick ratio of 2.01 and a current ratio of 2.36.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Cantor Fitzgerald dropped their target price on shares of Ranpak from $11.50 to $6.00 and set an "overweight" rating on the stock in a report on Wednesday. Robert W. Baird reduced their target price on shares of Ranpak from $7.00 to $5.00 and set a "neutral" rating for the company in a research note on Wednesday.

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.