Ranpak (NYSE:PACK) Releases Quarterly Earnings Results, Misses Expectations By $0.04 EPS

Ranpak (NYSE:PACK) issued its earnings results on Thursday. The company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.04), Briefing.com reports. The business had revenue of $85.30 million during the quarter, compared to analysts’ expectations of $85.50 million. Ranpak had a negative return on equity of 3.93% and a negative net margin of 6.70%. Ranpak’s revenue for the quarter was up 5.0% on a year-over-year basis.

Ranpak Stock Performance

PACK traded up $0.17 during trading on Friday, hitting $6.73. The company’s stock had a trading volume of 437,328 shares, compared to its average volume of 459,137. The business’s 50 day simple moving average is $6.79 and its 200-day simple moving average is $5.22. The firm has a market cap of $556.03 million, a PE ratio of -24.03 and a beta of 2.31. Ranpak has a one year low of $2.63 and a one year high of $8.29. The company has a quick ratio of 2.24, a current ratio of 2.60 and a debt-to-equity ratio of 0.70.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Robert W. Baird increased their price objective on shares of Ranpak from $7.00 to $8.00 and gave the company an “outperform” rating in a research report on Friday. Craig Hallum raised their price target on Ranpak from $8.00 to $10.00 and gave the stock a “buy” rating in a research note on Monday, April 1st.

Ranpak Company Profile

Ranpak Holdings Corp., together with its subsidiaries, provides product protection solutions and end-of-line automation solutions for e-commerce and industrial supply chains in North America, Europe, and Asia. The company offers protective packaging solutions, such as void-fill protective systems that convert paper to fill empty spaces in secondary packages and protect objects under the FillPak brand; cushioning protective systems, which convert paper into cushioning pads under the PadPak brand; and wrapping protective systems that create pads or paper mesh to wrap and protect fragile items, as well as to line boxes and provide separation when shipping various objects under the WrapPak, Geami, and ReadyRoll brands, as well as cold chain products, which are used to provide insulation for goods.