Equities analysts expect Silgan Holdings Inc. (NASDAQ:SLGN) to post $0.77 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Silgan’s earnings, with estimates ranging from $0.75 to $0.78. Silgan reported earnings per share of $0.66 in the same quarter last year, which would suggest a positive year over year growth rate of 16.7%. The company is expected to report its next quarterly earnings report before the market opens on Wednesday, October 24th.

On average, analysts expect that Silgan will report full year earnings of $2.07 per share for the current financial year, with EPS estimates ranging from $2.05 to $2.09. For the next year, analysts anticipate that the firm will report earnings of $2.26 per share, with EPS estimates ranging from $2.09 to $2.35. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Silgan.

Silgan (NASDAQ:SLGN) last issued its quarterly earnings data on Wednesday, July 25th. The industrial products company reported $0.52 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.52. Silgan had a return on equity of 28.00% and a net margin of 7.37%. The company had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the previous year, the firm earned $0.35 earnings per share. Silgan’s revenue was up 3.7% on a year-over-year basis.

Several research analysts have recently commented on SLGN shares. Zacks Investment Research lowered Silgan from a “buy” rating to a “hold” rating in a report on Thursday, June 21st. BidaskClub raised Silgan from a “strong sell” rating to a “sell” rating in a report on Wednesday, June 27th. Finally, ValuEngine raised Silgan from a “strong sell” rating to a “sell” rating in a report on Tuesday, October 2nd. Six research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. Silgan presently has a consensus rating of “Hold” and a consensus target price of $31.10.

In other Silgan news, VP Robert B. Lewis sold 18,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 1st. The stock was sold at an average price of $27.42, for a total value of $493,560.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Anthony P. Andreacchi sold 1,843 shares of the company’s stock in a transaction that occurred on Wednesday, August 15th. The stock was sold at an average price of $27.15, for a total value of $50,037.45. The disclosure for this sale can be found here. In the last ninety days, insiders sold 25,843 shares of company stock valued at $707,037. 30.32% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the business. State of Alaska Department of Revenue lifted its position in Silgan by 169.6% in the third quarter. State of Alaska Department of Revenue now owns 8,534 shares of the industrial products company’s stock valued at $236,000 after purchasing an additional 5,368 shares during the last quarter. Northern Trust Corp lifted its position in Silgan by 1.0% in the second quarter. Northern Trust Corp now owns 599,977 shares of the industrial products company’s stock valued at $16,096,000 after purchasing an additional 5,673 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Silgan by 9.7% in the second quarter. Bank of New York Mellon Corp now owns 1,139,894 shares of the industrial products company’s stock valued at $30,584,000 after purchasing an additional 100,755 shares during the last quarter. California Public Employees Retirement System lifted its position in Silgan by 14.2% in the second quarter. California Public Employees Retirement System now owns 44,665 shares of the industrial products company’s stock valued at $1,198,000 after purchasing an additional 5,547 shares during the last quarter. Finally, Paloma Partners Management Co lifted its position in Silgan by 10.0% in the second quarter. Paloma Partners Management Co now owns 31,339 shares of the industrial products company’s stock valued at $841,000 after purchasing an additional 2,844 shares during the last quarter. 67.08% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ SLGN opened at $26.06 on Friday. Silgan has a 12 month low of $25.61 and a 12 month high of $31.05. The company has a quick ratio of 0.57, a current ratio of 1.11 and a debt-to-equity ratio of 2.59. The stock has a market cap of $3.08 billion, a PE ratio of 15.79, a price-to-earnings-growth ratio of 1.34 and a beta of 0.48.

About Silgan

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 soups, vegetables, fruit, meat, tomato based products, seafood, coffee, adult nutritional drinks, pet food, and other miscellaneous food products, as well as general line metal containers primarily for chemicals.

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Earnings History and Estimates for Silgan (NASDAQ:SLGN)

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