Reynolds Consumer Products (NASDAQ:REYN) Issues Earnings Results
Reynolds Consumer Products (NASDAQ:REYN) reported quarterly earnings of $0.42 per share, exceeding estimates of $0.39. Revenue reached $931 million, surpassing the expected $900.12 million, with a year-over-year increase of 2.3%. The company updated its FY 2025 EPS guidance to 1.400-1.440 and Q4 2025 guidance to 0.520-0.560. A quarterly dividend of $0.23 will be paid on November 28. Analysts maintain a consensus rating of "Hold" with a target price of $26.75. Insiders have recently increased their holdings significantly.
Reynolds Consumer Products (NASDAQ:REYN - Get Free Report) issued its earnings results on Wednesday. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.39 by $0.03, Zacks reports. The business had revenue of $931.00 million during the quarter, compared to analysts' expectations of $900.12 million. Reynolds Consumer Products had a return on equity of 16.00% and a net margin of 8.44%.The company's revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.41 EPS. Reynolds Consumer Products updated its FY 2025 guidance to 1.400-1.440 EPS and its Q4 2025 guidance to 0.520-0.560 EPS.
Reynolds Consumer Products Trading Up 6.1%
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Reynolds Consumer Products stock traded up $1.44 during trading hours on Wednesday, hitting $25.13. The company had a trading volume of 1,596,705 shares, compared to its average volume of 1,026,026. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.75 and a current ratio of 1.85. The firm has a market cap of $5.29 billion, a P/E ratio of 16.86 and a beta of 0.60. The company has a 50-day moving average price of $23.47 and a two-hundred day moving average price of $22.75. Reynolds Consumer Products has a 1 year low of $20.91 and a 1 year high of $28.66.
Reynolds Consumer Products Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, November 28th. Investors of record on Friday, November 14th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Friday, November 14th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.7%. Reynolds Consumer Products's dividend payout ratio (DPR) is 61.74%.
Analyst Upgrades and Downgrades
- Reynolds Consumer Products High Yield Bought on the Dip
A number of analysts recently weighed in on the stock. UBS Group reiterated a "neutral" rating and issued a $25.00 price target on shares of Reynolds Consumer Products in a research report on Tuesday, October 21st. Barclays increased their target price on shares of Reynolds Consumer Products from $21.00 to $22.00 and gave the stock an "equal weight" rating in a research report on Friday, August 1st. Finally, Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Reynolds Consumer Products in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $26.75.
Get Our Latest Analysis on Reynolds Consumer Products
Insider Activity
- Inflation Hasn’t Peaked At Reynolds Consumer Products
In related news, Director Duncan Hawkesby bought 159,506 shares of the business's stock in a transaction dated Tuesday, August 26th. The stock was acquired at an average price of $22.99 per share, with a total value of $3,667,042.94. Following the completion of the purchase, the director directly owned 334,092 shares of the company's stock, valued at approximately $7,680,775.08. This trade represents a 91.36% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders bought 231,092 shares of company stock valued at $5,316,902 in the last three months. Company insiders own 0.15% of the company's stock.
Hedge Funds Weigh In On Reynolds Consumer Products
A number of large investors have recently made changes to their positions in the stock. Jane Street Group LLC lifted its holdings in Reynolds Consumer Products by 858.3% in the second quarter. Jane Street Group LLC now owns 1,204,840 shares of the company's stock worth $25,808,000 after acquiring an additional 1,079,116 shares during the last quarter. AQR Capital Management LLC increased its stake in Reynolds Consumer Products by 107.3% in the 2nd quarter. AQR Capital Management LLC now owns 1,880,175 shares of the company's stock valued at $40,142,000 after buying an additional 973,374 shares during the period. Bank of America Corp DE increased its position in Reynolds Consumer Products by 21.3% in the 2nd quarter. Bank of America Corp DE now owns 675,550 shares of the company's stock worth $14,470,000 after purchasing an additional 118,704 shares during the last quarter. Raymond James Financial Inc. increased its stake in shares of Reynolds Consumer Products by 471.0% during the 2nd quarter. Raymond James Financial Inc. now owns 138,696 shares of the company's stock worth $2,971,000 after purchasing an additional 114,408 shares during the last quarter. Finally, Occudo Quantitative Strategies LP acquired a new position in shares of Reynolds Consumer Products during the 2nd quarter valued at about $2,043,000. Hedge funds and other institutional investors own 26.81% of the company's stock.
Reynolds Consumer Products Company Profile
(Get Free Report)Reynolds Consumer Products Inc produces and sells products in cooking, waste and storage, and tableware product categories in the United States and internationally. It operates through four segments: Reynolds Cooking & Baking, Hefty Waste & Storage, Hefty Tableware, and Presto Products. The Reynolds Cooking & Baking segment produces aluminum foil, disposable aluminum pans, parchment paper, freezer paper, wax paper, butcher paper, plastic wrap, baking cups, oven bags, and slow cooker liners under the Reynolds Wrap, Reynolds KITCHENS, and EZ Foil brands in the United States, as well as under the ALCAN brand in Canada and under the Diamond brand internationally.
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