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

Reynolds Consumer Products (NASDAQ:REYN) issued its quarterly earnings results on Wednesday. The company reported $0.58 EPS for the quarter, meeting 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 Stock Performance

Reynolds Consumer Products stock traded down $0.92 during trading hours on Wednesday, hitting $26.89. The company had a trading volume of 132,496 shares, compared to its average volume of 483,640. The firm has a 50-day moving average of $27.34 and a 200 day moving average of $28.83. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.04 and a quick ratio of 0.89. The firm has a market cap of $5.65 billion, a PE ratio of 15.42 and a beta of 0.50. Reynolds Consumer Products has a one year low of $25.88 and a one year high of $32.65.

Reynolds Consumer Products Announces Dividend

The business 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 of this dividend is Friday, February 14th. This represents a $0.92 dividend on an annualized basis and a yield of 3.42%. Reynolds Consumer Products’s dividend payout ratio (DPR) is currently 52.57%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on REYN. UBS Group cut 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. Royal Bank of Canada reissued a “sector perform” rating and issued a $32.00 price objective on shares of Reynolds Consumer Products in a research report on Monday. 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 note on Thursday, January 16th. Finally, Barclays cut their target price on shares of Reynolds Consumer Products from $28.00 to $27.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $30.86.

Insider Transactions at Reynolds Consumer Products

In related news, Director Rolf Stangl acquired 3,682 shares of the stock in a transaction on Thursday, December 19th. The shares were purchased at an average price 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. The trade was a 51.09 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Helen Golding bought 1,190 shares of the business’s stock in a transaction dated Thursday, November 14th. The shares were bought at an average price of $27.58 per share, with a total value of $32,820.20. Following the completion of the transaction, the director now owns 1,190 shares in the company, valued at approximately $32,820.20. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Corporate 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.