Silgan Holdings Inc reports results for the quarter ended in June - Earnings Summary

Silgan Holdings

31/07/2024 15:23

* Silgan Holdings Inc  SLGN.N  reported quarterly adjusted
earnings of 88 cents​​ per share for the quarter ended in June,
higher than the same quarter last year, when the company
reported EPS of 83 cents.  The mean expectation of
eleven analysts for the quarter was for earnings of 87 cents per
share. Wall Street expected results to range from 78 cents to 89
cents per share.
    * Revenue fell 3.2% to $1.38 billion from a year ago;
analysts
expected $1.43 billion. 
    * Silgan Holdings Inc's reported EPS for the quarter was 71
cents​.
    * The company reported quarterly net income of $76.1
million.
    * Silgan Holdings Inc shares had risen by 15.1% this
quarter and
gained 7.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.4%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 1
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the non-paper
containers & packaging peer group is also "buy"

Wall Street's median 12-month price target for Silgan Holdings
Inc is $54.00 
This summary was machine generated from LSEG data July 31 at
02:23 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      0.87           0.88           Beat
 Mar. 31 2024      0.65           0.69           Beat
 Dec. 31 2023      0.58           0.63           Beat
 Sep. 30 2023      1.12           1.16           Beat