Silgan Holdings (SLGN) Releases FY12 Earnings Guidance
Silgan Holdings (SLGN) updated its FY12 earnings guidance on Wednesday. The company provided earnings per share guidance of $2.80-2.85 for the period. Silgan Holdings also updated its Q4 guidance to $0.58-0.63 EPS.
Several analysts have also recently commented on the stock. Analysts at Credit Suisse downgraded shares of Silgan Holdings from a neutral rating to an underperform rating in a research note to investors on Tuesday, October 2nd. They now have a $44.00 price target on the stock. On a related note, analysts at Longbow Research downgraded shares of Silgan Holdings from a buy rating to a neutral rating in a research note to investors on Tuesday, September 18th. Finally, analysts at Zacks reiterated a neutral rating on shares of Silgan Holdings in a research note to investors on Friday, September 14th. They now have a $44.00 price target on the stock.
Shares of Silgan Holdings (SLGN) opened at 42.42 on Wednesday. Silgan Holdings (SLGN) has a one year low of $35.98 and a one year high of $45.12. The company has a market cap of $2.946 billion and a P/E ratio of 18.64.
Silgan Holdings last issued its quarterly earnings data on Wednesday, October 24th. The company reported $1.17 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $1.17. The company’s quarterly revenue was down .7% on a year-over-year basis. On average, analysts predict that Silgan Holdings (SLGN) will post $2.81 earnings per share for the current fiscal year.
Silgan Holdings Inc. (Silgan) is a manufacturer of metal and plastic consumer goods packaging products.
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