Reynolds Consumer Products (NASDAQ:REYN) Posts Earnings Results, Meets Expectations

Reynolds Consumer Products (NASDAQ:REYN) released its quarterly earnings results on Wednesday. The company reported $0.58 EPS for the quarter, hitting the consensus estimate 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 Price Performance

REYN stock traded down $1.23 on Thursday, reaching $25.41. 177,637 shares of the company’s stock were exchanged, compared to its average volume of 507,755. Reynolds Consumer Products has a twelve month low of $25.55 and a twelve month high of $32.65. The company has a quick ratio of 0.89, a current ratio of 2.04 and a debt-to-equity ratio of 0.84. The stock has a fifty day moving average of $27.32 and a 200-day moving average of $28.81. The firm has a market cap of $5.34 billion, a PE ratio of 14.54 and a beta of 0.50.

Reynolds Consumer Products Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be paid a $0.23 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.62%. Reynolds Consumer Products’s dividend payout ratio (DPR) is presently 52.57%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on REYN. Barclays lowered their price objective on shares of Reynolds Consumer Products from $27.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Thursday. Evercore ISI reduced their price objective on Reynolds Consumer Products from $33.00 to $30.00 and set an “outperform” rating for the company in a research note on Thursday. UBS Group lowered their target price on Reynolds Consumer Products from $30.00 to $29.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Royal Bank of Canada restated a “sector perform” rating and set a $32.00 price target on shares of Reynolds Consumer Products in a research note on Monday. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Reynolds Consumer Products from $30.00 to $28.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $30.50.

Insiders Place Their Bets

In related news, Director Helen Golding purchased 1,190 shares of Reynolds Consumer Products stock in a transaction dated Thursday, November 14th. The stock was bought at an average cost of $27.58 per share, for a total transaction of $32,820.20. Following the transaction, the director now owns 1,190 shares in the company, valued at approximately $32,820.20. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Rolf Stangl purchased 3,682 shares of the firm’s stock in a transaction dated 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 purchase, the director now directly owns 10,889 shares in the company, valued at approximately $299,447.50. This represents a 51.09 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.20% of the company’s stock.

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.