Reynolds Consumer Products (NASDAQ:REYN) Releases Quarterly Earnings Results, Hits Expectations

Reynolds Consumer Products (NASDAQ:REYN) issued its earnings results on Wednesday. The company reported $0.58 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.58, Zacks reports. Reynolds Consumer Products had a return on equity of 18.27% and a net margin of 10.03%. Reynolds Consumer Products updated its FY 2025 guidance to 1.610-1.680 EPS and its Q1 2025 guidance to 0.220-0.240 EPS.

Reynolds Consumer Products Stock Performance

Shares of REYN stock opened at $24.82 on Friday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.89 and a current ratio of 2.04. The firm has a market cap of $5.22 billion, a price-to-earnings ratio of 14.18 and a beta of 0.50. Reynolds Consumer Products has a 52 week low of $24.79 and a 52 week high of $32.65. The firm’s 50-day simple moving average is $27.32 and its two-hundred day simple moving average is $28.81.

Reynolds Consumer Products Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued a dividend of $0.23 per share. The ex-dividend date is Friday, February 14th. This represents a $0.92 dividend on an annualized basis and a yield of 3.71%. Reynolds Consumer Products’s dividend payout ratio (DPR) is presently 54.76%.

Insider Activity

In other news, Director Rolf Stangl bought 3,682 shares of the stock in a transaction on Thursday, December 19th. The shares were purchased at an average cost of $27.50 per share, for a total transaction of $101,255.00. Following the completion of the purchase, 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Helen Golding acquired 1,190 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The stock was purchased at an average cost of $27.58 per share, with a total value of $32,820.20. Following the acquisition, the director now owns 1,190 shares in the company, valued at $32,820.20. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders own 0.20% of the company’s stock.

Analyst Upgrades and Downgrades

REYN has been the topic of several research reports. Royal Bank of Canada restated a “sector perform” rating and set a $32.00 price objective on shares of Reynolds Consumer Products in a report on Monday. Canaccord Genuity Group dropped their price target on shares of Reynolds Consumer Products from $31.00 to $30.00 and set a “hold” rating on the stock in a research report on Thursday. Barclays cut their price target on Reynolds Consumer Products from $27.00 to $25.00 and set an “equal weight” rating for the company in a research note on Thursday. Evercore ISI dropped their target price on Reynolds Consumer Products from $33.00 to $30.00 and set an “outperform” rating on the stock in a report on Thursday. Finally, UBS Group decreased their price target on Reynolds Consumer Products from $30.00 to $29.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $30.38.

About Reynolds Consumer Products

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.