Reynolds Consumer Products Inc. (REYN) To Go Ex-Dividend on February 14th

Reynolds Consumer Products Inc. (NASDAQ:REYN) announced a quarterly dividend on Thursday, January 30th,RTT News reports. Stockholders of record on Friday, February 14th will be paid a dividend of 0.23 per share on Friday, February 28th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.33%. The ex-dividend date of this dividend is Friday, February 14th.

Reynolds Consumer Products has a dividend payout ratio of 49.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Reynolds Consumer Products to earn $1.77 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 52.0%.

Reynolds Consumer Products Stock Down 0.4 %

Shares of Reynolds Consumer Products stock opened at $27.61 on Friday. 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 business’s 50 day simple moving average is $27.33 and its 200-day simple moving average is $28.79. The stock has a market capitalization of $5.80 billion, a price-to-earnings ratio of 15.78 and a beta of 0.50. Reynolds Consumer Products has a twelve month low of $25.88 and a twelve month high of $32.65.

Reynolds Consumer Products (NASDAQ:REYN) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.01). Reynolds Consumer Products had a return on equity of 18.27% and a net margin of 10.03%. The business had revenue of $910.00 million during the quarter, compared to the consensus estimate of $902.88 million. During the same period last year, the company earned $0.37 earnings per share. The business’s quarterly revenue was down 2.7% compared to the same quarter last year. Equities research analysts forecast that Reynolds Consumer Products will post 1.69 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

Insider Activity

In related news, Director Helen Golding bought 1,190 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The shares were acquired at an average cost of $27.58 per share, for a total transaction of $32,820.20. Following the acquisition, the director now directly owns 1,190 shares of the company’s stock, valued at $32,820.20. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Rolf Stangl bought 3,682 shares of the firm’s stock in a transaction that occurred on Thursday, December 19th. The stock was bought at an average price of $27.50 per share, for a total transaction of $101,255.00. Following the completion of the acquisition, the director now directly owns 10,889 shares in the company, valued at approximately $299,447.50. The trade was a 51.09 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.20% of the stock is owned by insiders.

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.