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NASDAQ:SLGN - Silgan Stock Price, Forecast & News

$32.39
+0.13 (+0.40 %)
(As of 02/24/2020 06:19 AM ET)
Today's Range
$31.91
Now: $32.39
$32.54
50-Day Range
$30.01
MA: $31.34
$32.57
52-Week Range
$27.31
Now: $32.39
$32.80
Volume481,838 shs
Average Volume539,393 shs
Market Capitalization$3.59 billion
P/E Ratio18.62
Dividend Yield1.36%
Beta0.75
Silgan Holdings Inc, together with its subsidiaries, manufactures and sells rigid packaging for consumer goods products worldwide. It operates through three segments: Metal Containers, Closures, and Plastic Containers. The Metal Containers segment manufactures and sells steel and aluminum containers for food products, such as pet food, vegetables, soups, proteins, tomato based products, adult nutritional drinks, fruits, and other miscellaneous food products, as well as general line metal containers primarily for chemicals. Read More…

Industry, Sector and Symbol

Industry Metal cans
Sub-IndustryMetal & Glass Containers
SectorIndustrial Products
Current SymbolNASDAQ:SLGN
CUSIP82704810
Phone203-975-7110

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$4.49 billion
Cash Flow$4.08 per share
Book Value$9.24 per share

Profitability

Net Income$193.80 million

Miscellaneous

Employees13,100
Market Cap$3.59 billion
Next Earnings Date4/22/2020 (Estimated)
OptionableOptionable

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Silgan (NASDAQ:SLGN) Frequently Asked Questions

What is Silgan's stock symbol?

Silgan trades on the NASDAQ under the ticker symbol "SLGN."

How often does Silgan pay dividends? What is the dividend yield for Silgan?

Silgan declared a quarterly dividend on Wednesday, November 6th. Investors of record on Monday, December 2nd will be given a dividend of $0.11 per share on Monday, December 16th. This represents a $0.44 annualized dividend and a yield of 1.36%. The ex-dividend date of this dividend is Friday, November 29th. View Silgan's Dividend History.

When did Silgan's stock split? How did Silgan's stock split work?

Silgan shares split on Monday, May 29th 2017. The 2-1 split was announced on Thursday, May 4th 2017. The newly created shares were distributed to shareholders after the closing bell on Friday, May 26th 2017. An investor that had 100 shares of Silgan stock prior to the split would have 200 shares after the split.

How were Silgan's earnings last quarter?

Silgan Holdings Inc. (NASDAQ:SLGN) issued its quarterly earnings results on Tuesday, January, 28th. The industrial products company reported $0.38 EPS for the quarter, meeting analysts' consensus estimates of $0.38. The industrial products company earned $1.05 billion during the quarter, compared to the consensus estimate of $1.02 billion. Silgan had a net margin of 4.32% and a return on equity of 25.07%. View Silgan's Earnings History.

When is Silgan's next earnings date?

Silgan is scheduled to release their next quarterly earnings announcement on Wednesday, April 22nd 2020. View Earnings Estimates for Silgan.

What guidance has Silgan issued on next quarter's earnings?

Silgan issued an update on its FY20 earnings guidance on Wednesday, January, 29th. The company provided earnings per share guidance of $2.28-2.38 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.29.

What price target have analysts set for SLGN?

4 brokers have issued 12-month price targets for Silgan's stock. Their forecasts range from $33.00 to $41.00. On average, they expect Silgan's share price to reach $36.67 in the next twelve months. This suggests a possible upside of 13.2% from the stock's current price. View Analyst Price Targets for Silgan.

What is the consensus analysts' recommendation for Silgan?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Silgan in the last year. There are currently 2 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Silgan.

What are Wall Street analysts saying about Silgan stock?

Here are some recent quotes from research analysts about Silgan stock:
  • 1. According to Zacks Investment Research, "Silgan Holdings expects adjusted earnings per share between $2.10 and $2.20 in 2019 compared with $2.08 in 2018. The Closures segment will gain from the Dispensing Systems acquisition, manufacturing efficiencies and higher unit volumes. The plastic container business will benefit from manufacturing efficiencies and higher volumes. However, unit volumes in the metal container business are projected to decline in 2019 owing to customer pre-buy activity at the end of 2018. Inflated material and freight costs will dent margins in 2019. Nevertheless, acquisitions and investment in capacity will drive growth. Incessant focus on cost control will help sustain margins. The company’s estimates for the current fiscal have undergone positive revisions lately. Further, the company has a positive record of earnings surprises in the last few quarters." (10/15/2019)
  • 2. KeyCorp analysts commented, "We are increasing our 2019 adjusted EPS estimate from $2.12 to $2.18 (guidance remains $2.10-$2.20) and our 2020 EPS estimate from $2.09 to $2.23 (below consensus of $2.33). Our 2019 estimate is going up to reflect the 1Q19 beat, while our 2020 estimate is increasing because of our inclusion of large share repurchase and our assumption of a modestly lower tax rate than before; our 2020 adjusted EBIT estimate isn’t changing (we are assuming a 2% EBIT decline). We think the most likely catalyst for the shares would be a large, debt-financed acquisition, but we have no idea if or when one will take place; in the meantime, we’re assuming a large share repurchase in 1Q20." (4/24/2019)

Has Silgan been receiving favorable news coverage?

Headlines about SLGN stock have trended very negative on Monday, InfoTrie reports. The research firm identifies negative and positive news coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Silgan earned a daily sentiment score of -3.0 on InfoTrie's scale. They also assigned news stories about the industrial products company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock's share price in the near term. View News Stories for Silgan.

Are investors shorting Silgan?

Silgan saw a increase in short interest during the month of January. As of January 31st, there was short interest totalling 2,500,000 shares, an increase of 23.8% from the January 15th total of 2,020,000 shares. Based on an average daily trading volume, of 399,700 shares, the days-to-cover ratio is currently 6.3 days. Currently, 3.2% of the shares of the company are sold short. View Silgan's Current Options Chain.

Who are some of Silgan's key competitors?

What other stocks do shareholders of Silgan own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Silgan investors own include Monroe Capital (MRCC), Intel (INTC), AbbVie (ABBV), Helmerich & Payne (HP), Westrock (WRK), Pattern Energy Group (PEGI), Canopy Growth (CGC), International Paper (IP), AT&T (T) and VF (VFC).

Who are Silgan's key executives?

Silgan's management team includes the folowing people:
  • Mr. Anthony J. Allott, Pres, CEO & Director (Age 55)
  • Mr. Robert B. Lewis, Exec. VP & CFO (Age 55)
  • Mr. Adam J. Greenlee, Exec. VP & COO (Age 45)
  • Mr. Frank W. Hogan III, Sr. VP, Gen. Counsel and Sec. (Age 58)
  • Mr. Thomas J. Snyder, Pres of Silgan Containers (Age 52)

Who are Silgan's major shareholders?

Silgan's stock is owned by a number of of retail and institutional investors. Top institutional investors include Victory Capital Management Inc. (2.05%), Victory Capital Management Inc. (2.04%), LSV Asset Management (1.95%), State Street Corp (1.81%), AQR Capital Management LLC (1.29%) and GW&K Investment Management LLC (1.01%). Company insiders that own Silgan stock include Adam J Greenlee, Anthony J Allott, Anthony P Andreacchi, B Frederik Prinzen, John W Alden, Leigh J Abramson, Robert B Lewis, Thomas James Snyder, William C Jennings and William T Donovan. View Institutional Ownership Trends for Silgan.

Which institutional investors are selling Silgan stock?

SLGN stock was sold by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Bank of New York Mellon Corp, FMR LLC, Barclays PLC, Sei Investments Co., Prudential Financial Inc., Jacobs Levy Equity Management Inc. and AQR Capital Management LLC. Company insiders that have sold Silgan company stock in the last year include Adam J Greenlee, Anthony P Andreacchi, B Frederik Prinzen, John W Alden, Robert B Lewis and Thomas James Snyder. View Insider Buying and Selling for Silgan.

Which institutional investors are buying Silgan stock?

SLGN stock was purchased by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Victory Capital Management Inc., Man Group plc, Bank of America Corp DE, Assetmark Inc., UBS Group AG, LSV Asset Management and California Public Employees Retirement System. Company insiders that have bought Silgan stock in the last two years include Leigh J Abramson and William T Donovan. View Insider Buying and Selling for Silgan.

How do I buy shares of Silgan?

Shares of SLGN can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

What is Silgan's stock price today?

One share of SLGN stock can currently be purchased for approximately $32.39.

How big of a company is Silgan?

Silgan has a market capitalization of $3.59 billion and generates $4.49 billion in revenue each year. The industrial products company earns $193.80 million in net income (profit) each year or $2.16 on an earnings per share basis. Silgan employs 13,100 workers across the globe.View Additional Information About Silgan.

What is Silgan's official website?

The official website for Silgan is http://www.silganholdings.com/.

How can I contact Silgan?

Silgan's mailing address is 4 LANDMARK SQUARE, STAMFORD CT, 06901. The industrial products company can be reached via phone at 203-975-7110 or via email at [email protected]


MarketBeat Community Rating for Silgan (NASDAQ SLGN)

Community Ranking:  1.7 out of 5 (star)
Outperform Votes:  281 (Vote Outperform)
Underperform Votes:  524 (Vote Underperform)
Total Votes:  805
MarketBeat's community ratings are surveys of what our community members think about Silgan and other stocks. Vote "Outperform" if you believe SLGN will outperform the S&P 500 over the long term. Vote "Underperform" if you believe SLGN will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 2/24/2020 by MarketBeat.com Staff

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