Reynolds Consumer Products Inc. (REYN) To Go Ex-Dividend on August 17th

Reynolds Consumer Products Inc. (NASDAQ:REYN) declared a quarterly dividend on Thursday, July 23rd. Shareholders of record on Monday, August 17th will be paid a dividend of 0.23 per share on Monday, August 31st. This represents a c) dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Monday, August 17th.

Reynolds Consumer Products has increased its dividend payment by an average of 0.1%annually over the last three years. Reynolds Consumer Products has a payout ratio of 55.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Reynolds Consumer Products to earn $1.65 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 55.8%.

Reynolds Consumer Products Price Performance

Shares of NASDAQ REYN opened at $26.25 on Friday. Reynolds Consumer Products has a 1-year low of $20.44 and a 1-year high of $27.32. The business has a 50-day moving average of $25.54 and a 200-day moving average of $23.32. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.80 and a quick ratio of 0.71. The company has a market capitalization of $5.53 billion, a price-to-earnings ratio of 16.01 and a beta of 0.55.

Reynolds Consumer Products (NASDAQ:REYN) last posted its earnings results on Wednesday, July 29th. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.02. The business had revenue of $944.00 million during the quarter, compared to analyst estimates of $935.46 million. Reynolds Consumer Products had a return on equity of 16.03% and a net margin of 9.11%.The company’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.39 earnings per share. Reynolds Consumer Products has set its Q3 2026 guidance at 0.370-0.390 EPS and its FY 2026 guidance at 1.570-1.630 EPS. On average, equities analysts anticipate that Reynolds Consumer Products will post 1.59 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on REYN. Canaccord Genuity Group increased their price objective on shares of Reynolds Consumer Products from $24.00 to $25.00 and gave the company a “hold” rating in a research report on Thursday, July 30th. Piper Sandler raised shares of Reynolds Consumer Products to an “overweight” rating in a research report on Thursday, July 30th. JPMorgan Chase & Co. upped their target price on shares of Reynolds Consumer Products from $23.00 to $27.00 and gave the company a “neutral” rating in a research note on Thursday, July 16th. Weiss Ratings upgraded shares of Reynolds Consumer Products from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, June 29th. Finally, UBS Group raised their price target on shares of Reynolds Consumer Products from $23.00 to $27.00 and gave the company a “neutral” rating in a report on Thursday, July 16th. One equities research analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $25.60.

Reynolds Consumer Products Company Profile

Reynolds Consumer Products, Inc (NASDAQ: REYN) is a leading North American manufacturer and marketer of household consumer products. The company specializes in food storage and cooking solutions, including aluminum foil, plastic wrap, food storage containers and disposable tableware. Its core portfolio features well-known brands such as Reynolds Wrap aluminum foil, Hefty storage containers and trash bags, and Fastfold paper plates.

The company operates through a network of manufacturing and distribution facilities across North America, Latin America, Europe and the Asia Pacific region.