For its first fiscal quarter (ending March 31), Silgan Holdings Inc (NYSE: SLGN) has reported a -20% decline in E.P.S. from $0.65 a year ago to $0.52 in the current quarter. Relative to the consensus estimate of $0.76, this was a shortfall of $-0.24. For the latest four quarters through March 31, E.P.S. were $2.86 compared to $2.97 a year ago — a decline of -4%.
Recent Price Action
Silgan Holdings Inc (NYSE: SLGN) stock closed at $44.72 on 5/1/24 after a decline of -4.2%. Moreover, exceptionally high trading volume at 220% of normal accompanied the decline. The stock has declined -5.3% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, SLGN is expected to continue to be a major Value Builder.
Silgan Holdings has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Silgan Holdings has a neutral Appreciation Score of 51 and a neutral Power Rating of 58, producing the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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