Silgan (NYSE:SLGN - Get Free Report) issued an update on its third quarter 2025 earnings guidance on Wednesday morning. The company provided EPS guidance of 1.180-1.280 for the period, compared to the consensus EPS estimate of 1.369. The company issued revenue guidance of -. Silgan also updated its FY 2025 guidance to 3.850-4.050 EPS.
Silgan Stock Down 1.9%
NYSE:SLGN traded down $0.86 during trading hours on Friday, hitting $45.67. 116,601 shares of the company traded hands, compared to its average volume of 766,345. The company has a quick ratio of 0.67, a current ratio of 0.48 and a debt-to-equity ratio of 1.67. The firm's 50-day simple moving average is $54.63 and its 200-day simple moving average is $53.00. Silgan has a one year low of $44.37 and a one year high of $58.14. The company has a market cap of $4.89 billion, a PE ratio of 16.22, a PEG ratio of 1.11 and a beta of 0.75.
Silgan (NYSE:SLGN - Get Free Report) last announced its earnings results on Wednesday, July 30th. The industrial products company reported $1.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.03 by ($0.02). Silgan had a net margin of 4.90% and a return on equity of 19.98%. The business had revenue of $1.54 billion for the quarter, compared to analysts' expectations of $1.53 billion. During the same period in the prior year, the business earned $0.88 earnings per share. The company's revenue for the quarter was up 11.4% compared to the same quarter last year. Equities analysts predict that Silgan will post 4.11 earnings per share for the current year.
Silgan Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were issued a $0.20 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $0.80 annualized dividend and a yield of 1.8%. Silgan's dividend payout ratio (DPR) is 29.74%.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on SLGN shares. JPMorgan Chase & Co. raised Silgan from a "neutral" rating to an "overweight" rating and set a $57.00 price objective for the company in a report on Thursday, May 1st. Wells Fargo & Company lifted their price objective on Silgan from $60.00 to $62.00 and gave the stock an "overweight" rating in a report on Friday, July 18th. Citigroup lifted their target price on Silgan from $60.00 to $63.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Bank of America reaffirmed a "neutral" rating and set a $59.00 target price (up previously from $57.00) on shares of Silgan in a report on Wednesday, July 9th. Finally, Truist Financial lifted their target price on Silgan from $62.00 to $67.00 and gave the company a "buy" rating in a report on Friday, July 11th. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $63.33.
Read Our Latest Stock Analysis on Silgan
Insider Buying and Selling
In other Silgan news, EVP Robert B. Lewis sold 10,000 shares of Silgan stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $55.92, for a total value of $559,200.00. Following the transaction, the executive vice president directly owned 153,378 shares of the company's stock, valued at $8,576,897.76. The trade was a 6.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP B Frederik Prinzen sold 2,378 shares of Silgan stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $54.05, for a total value of $128,530.90. Following the completion of the transaction, the vice president directly owned 1,380 shares in the company, valued at $74,589. This trade represents a 63.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.13% of the company's stock.
Hedge Funds Weigh In On Silgan
A number of large investors have recently bought and sold shares of the stock. Royal Bank of Canada increased its stake in Silgan by 1.2% in the 1st quarter. Royal Bank of Canada now owns 43,734 shares of the industrial products company's stock worth $2,235,000 after purchasing an additional 510 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Silgan during the first quarter valued at approximately $54,000. NewEdge Advisors LLC increased its stake in shares of Silgan by 332.3% during the first quarter. NewEdge Advisors LLC now owns 6,459 shares of the industrial products company's stock valued at $330,000 after buying an additional 4,965 shares during the period. United Services Automobile Association purchased a new position in shares of Silgan during the first quarter valued at approximately $264,000. Finally, AQR Capital Management LLC increased its stake in shares of Silgan by 94.7% during the first quarter. AQR Capital Management LLC now owns 89,117 shares of the industrial products company's stock valued at $4,477,000 after buying an additional 43,338 shares during the period. 70.25% of the stock is owned by hedge funds and other institutional investors.
Silgan Company Profile
(
Get Free Report)
Silgan Holdings Inc, together with its subsidiaries, manufactures and sells rigid packaging solutions for consumer goods products in the United States and internationally. It operates through three segments: Dispensing and Specialty Closures, Metal Containers, and Custom Containers. The Dispensing and Specialty Closures segment offers a range of metal and plastic closures, and dispensing systems for food, beverage, health care, garden, home, personal care, beauty products, and hard surface cleaning products, as well as capping/sealing equipment and detection systems.
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