Silgan (NASDAQ:SLGN) Issues FY 2019 Earnings Guidance
Silgan (NASDAQ:SLGN) issued an update on its FY 2019 earnings guidance on Wednesday morning. The company provided EPS guidance of $2.10-2.20 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.18. Silgan also updated its FY19 guidance to $2.10-$2.20 EPS.
Shares of SLGN stock traded down $0.15 during trading on Thursday, reaching $30.29. 548,696 shares of the company’s stock were exchanged, compared to its average volume of 500,168. The company has a debt-to-equity ratio of 2.35, a current ratio of 1.15 and a quick ratio of 0.62. The stock has a market capitalization of $3.37 billion, a PE ratio of 14.56, a PEG ratio of 1.80 and a beta of 0.80. Silgan has a twelve month low of $22.24 and a twelve month high of $31.69. The business has a fifty day moving average price of $30.28.
Silgan (NASDAQ:SLGN) last posted its earnings results on Wednesday, July 24th. The industrial products company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.01. The business had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.08 billion. Silgan had a return on equity of 26.74% and a net margin of 5.04%. The firm’s revenue was up 3.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.52 EPS. Sell-side analysts anticipate that Silgan will post 2.19 EPS for the current fiscal year.
In other news, VP Anthony P. Andreacchi sold 3,692 shares of the company’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $30.23, for a total transaction of $111,609.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Adam J. Greenlee sold 110,000 shares of the company’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $29.90, for a total value of $3,289,000.00. Following the sale, the insider now owns 131,367 shares of the company’s stock, valued at $3,927,873.30. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 259,334 shares of company stock valued at $7,772,706. Corporate insiders own 30.32% of the company’s stock.
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.
Featured Story: P/E Growth (PEG)
Receive News & Ratings for Silgan Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Silgan and related companies with MarketBeat.com's FREE daily email newsletter.