Silgan (SLGN) to Release Quarterly Earnings on Wednesday

Silgan (NYSE:SLGN - Get Free Report) will likely be announcing its Q2 2025 earnings results before the market opens on Wednesday, July 30th. Analysts expect the company to announce earnings of $1.03 per share and revenue of $1.53 billion for the quarter. Silgan has set its Q2 2025 guidance at 0.980-1.080 EPS and its FY 2025 guidance at 4.000-4.200 EPS.

Silgan (NYSE:SLGN - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.04. The company had revenue of $1.47 billion during the quarter, compared to analysts' expectations of $1.48 billion. Silgan had a return on equity of 20.00% and a net margin of 4.82%. Silgan's revenue for the quarter was up 11.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.69 EPS. On average, analysts expect Silgan to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Silgan Stock Up 0.6%

Shares of NYSE SLGN traded up $0.32 during mid-day trading on Friday, hitting $55.69. The company had a trading volume of 346,097 shares, compared to its average volume of 710,800. The company has a current ratio of 1.14, a quick ratio of 0.67 and a debt-to-equity ratio of 1.67. The company has a market capitalization of $5.96 billion, a PE ratio of 20.70, a price-to-earnings-growth ratio of 1.30 and a beta of 0.75. Silgan has a one year low of $44.37 and a one year high of $58.14. The firm has a 50-day simple moving average of $54.96 and a two-hundred day simple moving average of $52.96.

Silgan Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.44%. The ex-dividend date of this dividend was Monday, June 2nd. Silgan's payout ratio is 29.74%.

Insider Activity at Silgan

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 shares were sold at an average price of $55.92, for a total transaction of $559,200.00. Following the transaction, the executive vice president owned 153,378 shares of the company's stock, valued at $8,576,897.76. This trade represents a 6.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through 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 transaction of $128,530.90. Following the completion of the sale, the vice president directly owned 1,380 shares in the company, valued at $74,589. This trade represents a 63.28% decrease in their position. The disclosure for this sale can be found here. 1.13% of the stock is owned by company insiders.

Institutional Trading of Silgan

Hedge funds have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Silgan during the first quarter valued at about $54,000. United Services Automobile Association bought a new position in Silgan during the first quarter valued at approximately $264,000. NewEdge Advisors LLC increased its holdings 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 last quarter. Royal Bank of Canada increased its holdings 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 last quarter. Finally, AQR Capital Management LLC increased its holdings in 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 last quarter. 70.25% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Raymond James Financial reiterated a "strong-buy" rating on shares of Silgan in a research note on Tuesday, July 15th. Truist Financial upped their target price on Silgan from $62.00 to $67.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. Bank of America reiterated a "neutral" rating and set a $59.00 price target (up from $57.00) on shares of Silgan in a report on Wednesday, July 9th. Wells Fargo & Company upped their price target on shares of Silgan from $60.00 to $62.00 and gave the stock an "overweight" rating in a report on Friday, July 18th. Finally, JPMorgan Chase & Co. upgraded 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. Two equities research 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 company's stock. According to MarketBeat, Silgan currently has an average rating of "Moderate Buy" and an average target price of $63.78.

Silgan Company Profile

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.