Silgan (NYSE:SLGN - Get Free Report) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 3.850-4.050 for the period, compared to the consensus estimate of 4.104. The company issued revenue guidance of -. Silgan also updated its Q3 2025 guidance to 1.180-1.280 EPS.
Wall Street Analyst Weigh In
Several brokerages recently weighed in on SLGN. Royal Bank Of Canada dropped their price objective on Silgan from $64.00 to $57.00 and set an "outperform" rating for the company in a research report on Friday. Wells Fargo & Company lifted their price target on shares of Silgan from $60.00 to $62.00 and gave the company an "overweight" rating in a report on Friday, July 18th. Truist Financial raised their target price on shares of Silgan from $62.00 to $67.00 and gave the company a "buy" rating in a research report on Friday, July 11th. Citigroup raised their price objective on Silgan from $60.00 to $63.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Finally, JPMorgan Chase & Co. upgraded Silgan from a "neutral" rating to an "overweight" rating and set a $57.00 price target on the stock in a report on Thursday, May 1st. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Silgan currently has a consensus rating of "Moderate Buy" and an average price target of $62.44.
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Silgan Trading Down 1.7%
Shares of NYSE:SLGN traded down $0.81 during midday trading on Friday, reaching $45.72. The company's stock had a trading volume of 2,611,167 shares, compared to its average volume of 1,162,150. The firm has a 50 day moving average price of $54.45 and a two-hundred day moving average price of $52.96. Silgan has a fifty-two week low of $44.37 and a fifty-two week high of $58.14. The firm has a market capitalization of $4.89 billion, a price-to-earnings ratio of 16.27, a PEG ratio of 1.14 and a beta of 0.69. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.28 and a current ratio of 0.48.
Silgan (NYSE:SLGN - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The industrial products company reported $1.01 earnings per share for the quarter, missing the consensus estimate of $1.03 by ($0.02). The company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.53 billion. Silgan had a net margin of 4.90% and a return on equity of 19.98%. The business's revenue was up 11.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.88 EPS. As a group, analysts forecast that Silgan will post 4.11 earnings per share for the current year.
Silgan Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Monday, June 2nd. Silgan's dividend payout ratio (DPR) is 28.47%.
Insider Activity at Silgan
In other news, VP B Frederik Prinzen sold 2,378 shares of Silgan stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $54.05, for a total transaction 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Robert B. Lewis sold 10,000 shares of the firm's stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $55.92, for a total transaction of $559,200.00. Following the completion of the transaction, the executive vice president directly owned 153,378 shares in the company, valued at approximately $8,576,897.76. The trade was a 6.12% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.13% of the company's stock.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the stock. Jane Street Group LLC bought a new stake in Silgan during the first quarter worth $9,892,000. AQR Capital Management LLC raised its stake in shares of Silgan by 94.7% during the 1st quarter. AQR Capital Management LLC now owns 89,117 shares of the industrial products company's stock worth $4,477,000 after purchasing an additional 43,338 shares during the period. Royal Bank of Canada grew its position in Silgan by 1.2% during the first quarter. Royal Bank of Canada now owns 43,734 shares of the industrial products company's stock valued at $2,235,000 after buying an additional 510 shares during the period. NewEdge Advisors LLC grew its position in 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. Finally, United Services Automobile Association purchased a new stake in Silgan during the first quarter worth about $264,000. Hedge funds and other institutional investors own 70.25% of the company's stock.
Silgan Company Profile
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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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