Silgan Holdings Inc. (NASDAQ:SLGN) manufacturer of rigid packaging, is expected to report third quarter earnings results, before market open, on Wednesday 21st October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.95 per share.
Looking ahead, the full year income are expected at $ 2.85 per share on the revenues of $ 4840.03 million.
The Company Outlook
Earnings for 3Q20 are anticipated in a range of $ 0.85 ~ $ 1.00 per share
Full Year 2020 bottomline are predicted in a range of $ 2.70 ~ $ 2.85 per share
Click Here For More Historical Outlooks Of Silgan Holdings Inc.
Previous Quarter Performance
Silgan Holdings Inc. came out with income for the second quarter of $ 0.70 per share, from the revenue of $ 1,176.50 million, On adjusted basis, SLGN reported income for the quarter of $ 0.85 per share. The quarterly earnings 150.00 percent while revenues up 7.62 percent compared with the same quarter last year. The consensus estimates are income of $ 0.65 per share from $ 1121.43 million in revenue. The bottom line results beat street analysts by $ 0.2 or 30.77 percent, at the same time, top line results outshined analysts by $ 55.07 million or 4.91 percent.
Stock Performance
Shares of Silgan Holdings Inc. traded up $ 0.02 or 0.05 percent on Tuesday, reaching $ 38.62 with volume of 537.90 thousand shares. Silgan Holdings Inc. has traded high as $ 39.24 and has cracked $ 38.39 on the downward trend
The closing price of $ 38.62, representing a 56.59 % increase from the 52 week low of $ 24.65 and a 4.55 % decrease over the 52 week high of $ 40.44.
The company has a market capital of $ 4.28 billion and is part of the Consumer Cyclical sector and Packaging & Containers industry.
Recent Analyst recommendations
- On 14th October 2020, initiated by Seaport Global Securities at Neutral rating.
Conference Call
Silgan Holdings Inc. will be hosting a conference call at 11:00 AM eastern time on 21st October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.silganholdings.com
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.
