Reynolds Consumer Products (REYN) Stock Forecast, Price & News

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Reynolds Consumer Products in the last twelve months. There are currently 5 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" REYN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in REYN, but not buy additional shares or sell existing shares.
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6 brokers have issued 1 year price targets for Reynolds Consumer Products' shares. Their REYN share price forecasts range from $28.00 to $32.00. On average, they anticipate the company's share price to reach $29.67 in the next twelve months. This suggests a possible upside of 13.8% from the stock's current price.
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Reynolds Consumer Products' stock was trading at $29.98 at the beginning of 2023. Since then, REYN stock has decreased by 13.0% and is now trading at $26.07.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 14th 2023.
View our REYN earnings forecast.

Reynolds Consumer Products Inc. (NASDAQ:REYN) posted its quarterly earnings data on Wednesday, August, 9th. The company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.28 by $0.04. The company earned $940 million during the quarter, compared to analysts' expectations of $937.42 million. Reynolds Consumer Products had a net margin of 6.18% and a trailing twelve-month return on equity of 13.28%. The firm's revenue was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.26 EPS.

Reynolds Consumer Products declared a quarterly dividend on Thursday, July 27th. Investors of record on Thursday, August 17th will be paid a dividend of $0.23 per share on Thursday, August 31st. This represents a $0.92 dividend on an annualized basis and a yield of 3.53%. The ex-dividend date of this dividend is Wednesday, August 16th.
Read our dividend analysis for REYN.

ETFs with the largest weight of Reynolds Consumer Products (NASDAQ:REYN) stock in their portfolio include Schwab Ariel ESG ETF (SAEF).First Trust Value Line Dividend Index Fund (FVD).

Reynolds Consumer Products (NASDAQ:REYN) pays an annual dividend of $0.92 per share and currently has a dividend yield of 3.54%. The dividend payout ratio is 80.70%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, REYN will have a dividend payout ratio of 60.13% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for REYN.

Reynolds Consumer Products issued an update on its third quarter 2023 earnings guidance on Thursday, August, 10th. The company provided earnings per share guidance of $0.34-$0.38 for the period, compared to the consensus estimate of $0.37. The company issued revenue guidance of $918.65 million-$937.99 million, compared to the consensus revenue estimate of $968.47 million.

55 employees have rated Reynolds Consumer Products Chief Executive Officer Lance Mitchell on Glassdoor.com. Lance Mitchell has an approval rating of 90% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Reynolds Consumer Products investors own include NVIDIA (NVDA), Block (SQ), Gilead Sciences (GILD), Micron Technology (MU), Nokia Oyj (NOK), Skyworks Solutions (SWKS), Slack Technologies (WORK), Zoom Video Communications (ZM), AbbVie (ABBV) and Adobe (ADBE).

(REYN) raised $1.3 billion in an IPO on Friday, January 31st 2020. The company issued 47,200,000 shares at a price of $25.00-$28.00 per share. Credit Suisse, Goldman Sachs and J.P. Morgan served as the underwriters for the IPO and Barclays, Citigroup, Evercore ISI, RBC Capital Markets, HSBC, Stifel, SunTrust Robinson Humphrey and Academy Securities were co-managers.

Reynolds Consumer Products trades on the NASDAQ under the ticker symbol "REYN."

Reynolds Consumer Products' stock is owned by a number of institutional and retail investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (6.18%), BlackRock Inc. (1.22%), London Co. of Virginia (0.49%), Geode Capital Management LLC (0.45%), State Street Corp (0.44%) and Dimensional Fund Advisors LP (0.40%). Insiders that own company stock include Chris Mayrhofer, Gregory Alan Cole, Michael E Graham, Stephen C Estes and V Lance Mitchell.
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Shares of REYN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of REYN stock can currently be purchased for approximately $26.07.

Reynolds Consumer Products (NASDAQ:REYN) has a market capitalization of $5.47 billion and generates $3.82 billion in revenue each year. The company earns $258 million in net income (profit) each year or $1.14 on an earnings per share basis.

The company employs 6,000 workers across the globe.

Reynolds Consumer Products' mailing address is 1900 W. FIELD COURT, LAKE FOREST IL, 60045. The official website for the company is www.reynoldsconsumerproducts.com. The company can be reached via phone at 800-879-5067 or via email at katie.turner@icrinc.com.