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Friday, September 29, 2023

Silgan Holdings Inc. (SLGN) Is Not Likely To Be The Same Tomorrow

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Silgan Holdings Inc. (SLGN) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.55, or -1.28%, to $42.55. The Silgan Holdings Inc. has recorded 8,878 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Silgan Announces Participation in Jefferies Industrials Conference.

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Stocks Info

Silgan Holdings Inc. is listed on the NYSE in the Consumer Cyclical sector while operating in the Packaging & Containers industry. At the end of the last regular session, the stock closed at $43.10 and fluctuated between $43.28 as its day high and $42.49 as its day low. The current market capitalization of Silgan Holdings Inc. is $4.70B. A total of 0.51 million shares were traded on the day, compared to an average of 647.12K shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, SLGN has seen 0 BUY and 3 SELL insider trades, representing the acquisition of 0 and the disposition of 27,967 shares. Over the last 12 months, there were 31 BUYs and 32 SELLs from insiders. Insiders purchased 9,266,444 shares during that period but sold 10,240,544.

In the most recent transaction, Jordan Joseph M sold 2,967 shares of SLGN for 44.96 per share on Aug 18. After the transaction, the Director now owns 29,437 company shares. In a previous transaction on Aug 08, LEWIS ROBERT B sold 14,969 shares at 44.49 per share. SLGN shares that EVP, Corp. Dev. & Admin. owns now total 204,229.

Among the insiders who sold shares, LEWIS ROBERT B disposed of 10,031 shares on Aug 07 at a per-share price of $44.18. This resulted in the EVP, Corp. Dev. & Admin. holding 219,198 shares of SLGN after the transaction. In another insider transaction, ALLOTT ANTHONY J sold 50,972 shares at $54.08 per share on Feb 09. Company shares held by the Director now total 709,501.


The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Silgan Holdings Inc. pays an annual dividend of $0.72, resulting in a dividend yield of 1.67%, and it has a price to earnings (P/E) ratio of 15.18. SLGN’s most recent ex-dividend date was 8/31/2023 when it declared a $0.18 quarterly dividend that was paid in cash on 9/15/2023. Previously, the company paid the dividend on 6/15/2023 with an ex-dividend date of 5/31/2023. The SLGN stock dividend was $0.18 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for SLGN in the last 3 months, the mean price target is $51.70 with high estimates of $56.00 and low estimates of $43.00. In terms of 52-week highs and lows, SLGN has a high of $55.41 and a low of $40.97.

As of this writing, SLGN has an earnings estimate of $1.13 per share for the current quarter. EPS was calculated based on a consensus of 10 estimates, with a high estimate of $1.18 per share and a lower estimate of $1.03. The company reported an EPS of $0.78 in the last quarter, which was 1.30% higher than expectations of $0.77.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. SLGN’s latest balance sheet shows that the firm has $631.40M in Cash & Short Term Investments as of fiscal 2021. There were $3.79B in debt and $1.49B in liabilities at the time. Its Book Value Per Share was $16.99, while its Total Shareholder’s Equity was $1.56B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for SLGN is Buy with a score of 4.33.

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