Reynolds Consumer Products (REYN) to Release Earnings on Wednesday

Reynolds Consumer Products (NASDAQ:REYNGet Free Report) is projected to issue its quarterly earnings data before the market opens on Wednesday, February 5th. Analysts expect the company to announce earnings of $0.58 per share and revenue of $971.92 million for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Reynolds Consumer Products Trading Down 0.4 %

Shares of REYN stock opened at $27.61 on Monday. The stock has a 50-day moving average of $27.33 and a 200-day moving average of $28.80. The company has a current ratio of 2.04, a quick ratio of 0.89 and a debt-to-equity ratio of 0.84. The stock has a market cap of $5.80 billion, a price-to-earnings ratio of 15.78 and a beta of 0.50. Reynolds Consumer Products has a 1-year low of $25.88 and a 1-year high of $32.65.

Reynolds Consumer Products Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued a $0.23 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.92 dividend on an annualized basis and a yield of 3.33%. Reynolds Consumer Products’s payout ratio is currently 52.57%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on REYN shares. UBS Group reduced their price target on shares of Reynolds Consumer Products from $30.00 to $29.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. JPMorgan Chase & Co. reduced their price objective on shares of Reynolds Consumer Products from $30.00 to $28.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Finally, Barclays lowered their target price on shares of Reynolds Consumer Products from $28.00 to $27.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $30.86.

Check Out Our Latest Research Report on REYN

Insider Activity at Reynolds Consumer Products

In other news, Director Helen Golding acquired 1,190 shares of Reynolds Consumer Products stock in a transaction on Thursday, November 14th. The stock was acquired at an average cost of $27.58 per share, for a total transaction of $32,820.20. Following the purchase, the director now owns 1,190 shares in the company, valued at $32,820.20. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Rolf Stangl acquired 3,682 shares of Reynolds Consumer Products stock in a transaction that occurred on Thursday, December 19th. The stock was acquired at an average price of $27.50 per share, with a total value of $101,255.00. Following the completion of the acquisition, the director now directly owns 10,889 shares in the company, valued at $299,447.50. This represents a 51.09 % increase in their position. The disclosure for this purchase can be found here. 0.20% of the stock is owned by corporate insiders.

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.

Further Reading

Earnings History for Reynolds Consumer Products (NASDAQ:REYN)

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