Silgan Holdings (SLGN) reported quarterly earnings results on Wednesday, Jul-27-2016. The company said it had a profit of $0.60 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.04. Analysts had a consensus of $0.56. The company posted revenue of $874.60 million in the period, compared to analysts expectations of $892.86 million. The company’s revenue was down -4.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.71 EPS.
Many Wall Street Analysts have commented on Silgan Holdings. Silgan Holdings was Initiated by Goldman to “Neutral” on May 12, 2016.
Silgan Holdings opened for trading at $49.18 and hit $50.25 on the upside on Thursday, eventually ending the session at $50.03, with a gain of 0.08% or 0.04 points. The heightened volatility saw the trading volume jump to 4,38,675 shares. Company has a market cap of $3,025 M.
In a different news, on May 27, 2016, Anthony P Andreacchi (Vice President,Tax) sold 600 shares at $50.72 per share price. According to the SEC, on May 13, 2016, B Frederik Prinzen (Sr. V.P. – Corp. Dev.) sold 1,200 shares at $51.57 per share price. On May 6, 2016, Thomas James Snyder (President – Silgan Containers) sold 4,367 shares at $50.55 per share price, according to the Form-4 filing with the securities and exchange commission.
Silgan Holdings Inc. (Silgan) is a manufacturer of rigid packaging for shelf-stable food and other consumer goods products. The Company operates through three segments: metal container closures and plastic container. Its metal container business is engaged in the manufacture and sale of steel and aluminum containers for human and pet food and general line products. Its closures business manufactures and sells metal composite and plastic closures for food and beverage products. Its plastic container business manufactures and sells custom designed plastic containers tubes and closures for personal care food health care pharmaceutical household and industrial chemical pet care agricultural automotive and marine chemical products. Its metal container business has operating facilities in North America Europe and Asia. Its closures business has operating facilities in North and South America Europe and Asia. Its plastic container business is -based in North America.