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 foil, disposable aluminum pans, parchment paper, freezer paper, wax paper, plastic wrap, baking cups, oven bags, and slow cooker liners under the Reynolds Wrap, Reynolds KITCHENS, and E-Z Foil brands in the United States, as well as under the ALCAN brand in Canada and under the Diamond brand internationally. The Hefty Waste & Storage segment sells trash and food storage bags under the Hefty Ultra Strong, Hefty Strong Trash Bags, Hefty Renew, and Hefty Slider Bags brands. It offers a suite of indoor and outdoor trash bags and contractor bags, including blue and clear recycling bags, compostable bags, bags made from recycled materials, and the Hefty EnergyBag Program. The Hefty Tableware segment provides disposable and compostable plates, bowls, platters, cups, and cutlery under the Hefty brand. The Presto Products segment primarily sells store brand products in food storage bags, trash bags, reusable storage containers, and plastic wrap categories. Reynolds Consumer Products Inc. offers both branded and store brand products to grocery stores, mass merchants, warehouse clubs, discount chains, dollar stores, drug stores, home improvement stores, military outlets, and eCommerce retailers. The company was founded in 1947 and is headquartered in Lake Forest, Illinois. Reynolds Consumer Products Inc. is a subsidiary of Packaging Finance Limited.
IPO Year: 2020
Exchange: NASDAQ
Website: reynoldsconsumerproducts.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/29/2024 | $38.00 | Buy | Jefferies |
| 11/22/2023 | $29.00 → $28.00 | Overweight → Neutral | JP Morgan |
| 10/3/2023 | $28.00 → $30.00 | Sell → Neutral | Goldman |
| 3/30/2023 | $28.00 | Hold | Canaccord Genuity |
| 1/17/2023 | $33.00 → $32.00 | Outperform → Neutral | Credit Suisse |
| 1/3/2023 | $30.00 | Outperform → Sector Perform | RBC Capital Mkts |
| 4/13/2022 | $33.00 → $31.00 | Buy → Hold | Stifel |
| 3/29/2022 | $34.00 → $26.00 | Buy → Sell | Goldman |
| 1/11/2022 | $32.00 → $36.00 | Buy | Goldman Sachs |
| 1/11/2022 | $32.00 → $35.00 | Buy → Neutral | Citigroup |
4 - Reynolds Consumer Products Inc. (0001786431) (Issuer)
4 - Reynolds Consumer Products Inc. (0001786431) (Issuer)
4 - Reynolds Consumer Products Inc. (0001786431) (Issuer)
3 - Reynolds Consumer Products Inc. (0001786431) (Issuer)
4 - Reynolds Consumer Products Inc. (0001786431) (Issuer)
4/A - Reynolds Consumer Products Inc. (0001786431) (Issuer)
4 - Reynolds Consumer Products Inc. (0001786431) (Issuer)
4 - Reynolds Consumer Products Inc. (0001786431) (Issuer)
4 - Reynolds Consumer Products Inc. (0001786431) (Issuer)
4 - Reynolds Consumer Products Inc. (0001786431) (Issuer)
Providing a diverse range of perspectives from bullish to bearish, 4 analysts have published ratings on Reynolds Consumer Prods (NASDAQ:REYN) in the last three months. The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 0 4 0 0 Last 30D 0 0 1 0 0 1M Ago 0 0 1 0 0 2M Ago 0 0 0 0 0 3M Ago 0 0 2 0 0 The 12-month price targets, analyzed by analysts, offer insights with an average target of $29.0, a high estimate of $30.00, and a low estimate of $28.00. Holding firm without variation, the
JP Morgan analyst Andrea Teixeira maintains Reynolds Consumer Prods (NASDAQ:REYN) with a Neutral and lowers the price target from $30 to $29.
Barclays analyst Lauren Lieberman maintains Reynolds Consumer Prods (NASDAQ:REYN) with a Equal-Weight and lowers the price target from $29 to $28.
Barclays analyst Lauren Lieberman maintains Reynolds Consumer Prods (NASDAQ:REYN) with a Equal-Weight and raises the price target from $28 to $29.
Canaccord Genuity analyst Brian McNamara maintains Reynolds Consumer Prods (NASDAQ:REYN) with a Hold and raises the price target from $29 to $30.
- SEC Filing
Fiscal Year and Second Quarter Outlook The Company reiterates its full year outlook for Net Revenues, Adjusted EBITDA and Net Debt, and increases its full year outlook for Net Income and Earnings Per Share as follows: Prior FY 2024 Outlook Current FY 2024 Outlook Net Revenues $3,530 to $3,640 million $3,530 to $3,640 million Net Income and Adjusted Net Income $331 to $347 million $341 to $357 million1 Adjusted EBITDA $660 to $680 million $660 to $680 million Earnings Per Share and Adjusted Earnings Per Share $1
Fiscal Year and Second Quarter Outlook The Company reiterates its full year outlook for Net Revenues, Adjusted EBITDA and Net Debt, and increases its full year outlook for Net Income and Earnings Per Share as follows: Prior FY 2024 Outlook Current FY 2024 Outlook Net Revenues $3,530 to $3,640 million $3,530 to $3,640 million Net Income and Adjusted Net Income $331 to $347 million $341 to $357 million1 Adjusted EBITDA $660 to $680 million $660 to $680 million Earnings Per Share and Adjusted Earnings Per Share $1
Reynolds Consumer Prods (NASDAQ:REYN) reported quarterly earnings of $0.23 per share which beat the analyst consensus estimate of $0.22 by 4.55 percent. This is a 187.5 percent increase over earnings of $0.08 per share from the same period last year. The company reported quarterly sales of $833.000 million which beat the analyst consensus estimate of $814.970 million by 2.21 percent. This is a 4.69 percent decrease over sales of $874.000 million the same period last year.
Providing a diverse range of perspectives from bullish to bearish, 5 analysts have published ratings on Reynolds Consumer Prods (NASDAQ:REYN) in the last three months. The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 0 5 0 0 Last 30D 0 0 1 0 0 1M Ago 0 0 2 0 0 2M Ago 0 0 0 0 0 3M Ago 0 0 2 0 0 Analysts have recently evaluated Reynolds Consumer Prods and provided 12-month price targets. The average target is $29.2, accompanied by a high estimate of $31.00 and a low estimate of $27.00.
Third Quarter Net Revenues, Retail Volume In Line with Expectations Third Quarter Net Income and Adjusted EBITDA Increased 10% and 4%, Respectively, In Line with Expectations Strong Free Cash Flow Delivery Continued; $50M Debt Prepayment Made After Quarter End Full Year Net Revenue, Net Income and Adjusted EBITDA Guide Updated Planned CEO and CFO Transition Announced Reynolds Consumer Products Inc. (the "Company" or "RCP") (NASDAQ:REYN) today reported financial results for the third quarter ended September 30, 2024. Third Quarter 2024 Highlights Net Revenues of $910 million vs. $935 million in Q3 2023 Retail Net Revenues decreased 3% to $856 million, in line with Company expectati
Reynolds Consumer Products Inc. (NASDAQ:REYN) announced today that its Board of Directors has declared a quarterly cash dividend of $0.23 per common share. The dividend is payable November 29, 2024, to shareholders of record on November 15, 2024. About Reynolds Consumer Products Inc. Reynolds Consumer Products is a leading provider of household products that simplify daily life so consumers can enjoy what matters most. With a presence in 95% of households across the United States, Reynolds Consumer Products manufactures and sells products that people use in their homes for cooking, serving, cleanup and storage. Iconic brands include Reynolds Wrap® aluminum foil and Hefty® tableware and tr
Reynolds Wrap® Fun Foil with Holiday Pattern features an original winter wonderland design, giving home cooks a new kind of (wrap)ping paper for creative gifting, hosting and more LAKE FOREST, Ill., Oct. 22, 2024 /PRNewswire/ -- With the holidays fast approaching, it's time to start searching for unique gifts—plus the right wrapping paper. Today, the Reynolds Wrap® team introduces Fun Foil with Holiday Pattern, an embossed aluminum foil designed for festive occasions, from wrapping homemade food gifts to covering holiday potluck dishes and sharing leftovers. This limited-edition foil innovation, available now while supplies last at Amazon.com and Walmart.com, was inspired by the rise of home
Reynolds Consumer Products Inc. (NASDAQ:REYN) (the "Company"), a leading provider of household products, today announced an amendment to its credit agreement that provides a new revolving credit facility through a syndicate of banks led by Wells Fargo. The parties replaced an undrawn $250 million senior secured revolving credit facility maturing in February 2026 with an undrawn $700 million senior secured revolving credit facility maturing in October 2029 under the credit agreement. The sizing places the revolving facility more in line with companies with similarly strong credit characteristics. The Company's senior secured term loan facility under the credit agreement continues to mature
Reynolds Consumer Products Inc. (NASDAQ:REYN) (the "Company") announced it will report third quarter 2024 financial results on Wednesday, October 30, 2024. The Company's President and Chief Executive Officer, Lance Mitchell, and Chief Financial Officer, Scott Huckins, will host a live webcast to discuss the results at 7:00 a.m. CT (8:00 a.m. ET) that same day. A link to the webcast and all related earnings materials will be available at https://investors.reynoldsconsumerproducts.com/. About Reynolds Consumer Products Inc. Reynolds Consumer Products is a leading provider of household products that simplify daily life so consumers can enjoy what matters most. With a presence in 95% of hous
The brand has unleashed a bold holiday pairing of espresso martini and roasted turkey to show that just about any Thanksgiving recipe works well with the ease of Reynolds Products LAKE FOREST, Ill., Oct. 15, 2024 /PRNewswire/ -- Cocktail trends come and go, but none have reached a level of cultural ubiquity as the espresso martini. This Thanksgiving, Reynolds is unveiling a daring new take on the iconic drink with an "Espresso Turkey-tini" recipe. This new seasonal take on the espresso martini combines the classic flavors of a Thanksgiving turkey with a richly spiced espresso
Reynolds Consumer Products Inc. (the "Company") (NASDAQ:REYN) today announced that Lance Mitchell, President and Chief Executive Officer, and Scott Huckins, Chief Financial Officer, will host a fireside chat at the Barclays Global Consumer Staples Conference in Boston on Wednesday, September 4, 2024, at 1:30p.m. ET. The fireside chat will be webcast live and can be accessed on the "Events & Presentations" section of the Company's website at https://investors.reynoldsconsumerproducts.com/. A replay of the webcast will be available following the event. About Reynolds Consumer Products Inc. Reynolds Consumer Products is a leading provider of household products that simplify daily life so
Second Quarter Net Revenues of $930M, Retail Revenue Growth of 1% Ahead of Expectations Second Quarter Net Income and Adjusted EBITDA Increased 47% and 15% Full Year Net Revenue, Adjusted EBITDA and Net Income Guide Raised Net Debt Leverage1 Reduced to 2.4x at Quarter End with Strong Cash Flow; $50M Debt Prepayment Made After Quarter End Reynolds Consumer Products Inc. (the "Company" or "RCP") (NASDAQ:REYN) today reported financial results for the second quarter ended June 30, 2024. Second Quarter 2024 Highlights Net Revenues of $930 million vs. $940 million in Q2 2023 Retail Net Revenues increased 1% to $892 million, exceeding Company expectations Non-retail Net Revenues,
Reynolds Consumer Products Inc. (NASDAQ:REYN) announced today that its Board of Directors has declared a quarterly cash dividend of $0.23 per common share. The dividend is payable August 30, 2024, to shareholders of record on August 16, 2024. About Reynolds Consumer Products Inc. Reynolds Consumer Products is a leading provider of household products that simplify daily life so consumers can enjoy what matters most. With a presence in 95% of households across the United States, Reynolds Consumer Products manufactures and sells products that people use in their homes for cooking, serving, cleanup and storage. Iconic brands include Reynolds Wrap® aluminum foil and Hefty® trash bags and dis
Reynolds Consumer Products Inc. (NASDAQ:REYN) (the "Company") announced it will report second quarter 2024 financial results on Wednesday, August 7, 2024. The Company's President and Chief Executive Officer, Lance Mitchell, and Chief Financial Officer, Scott Huckins, will host a live webcast to discuss the results at 7:00 a.m. CT (8:00 a.m. ET) that same day. A link to the webcast and all related earnings materials will be available at https://investors.reynoldsconsumerproducts.com/. About Reynolds Consumer Products Inc. Reynolds Consumer Products is a leading provider of household products that simplify daily life so consumers can enjoy what matters most. With a presence in 95% of ho
SC 13G/A - Reynolds Consumer Products Inc. (0001786431) (Subject)
SC 13G/A - Reynolds Consumer Products Inc. (0001786431) (Subject)
SC 13G - Reynolds Consumer Products Inc. (0001786431) (Subject)
144 - Reynolds Consumer Products Inc. (0001786431) (Subject)
10-Q - Reynolds Consumer Products Inc. (0001786431) (Filer)
8-K - Reynolds Consumer Products Inc. (0001786431) (Filer)
8-K - Reynolds Consumer Products Inc. (0001786431) (Filer)
8-K - Reynolds Consumer Products Inc. (0001786431) (Filer)
10-Q - Reynolds Consumer Products Inc. (0001786431) (Filer)
8-K - Reynolds Consumer Products Inc. (0001786431) (Filer)
10-Q - Reynolds Consumer Products Inc. (0001786431) (Filer)
8-K - Reynolds Consumer Products Inc. (0001786431) (Filer)
8-K - Reynolds Consumer Products Inc. (0001786431) (Filer)
Reynolds Consumer Products Inc. (NASDAQ:REYN) announced today that its Board of Directors has declared a quarterly cash dividend of $0.23 per common share. The dividend is payable November 29, 2024, to shareholders of record on November 15, 2024. About Reynolds Consumer Products Inc. Reynolds Consumer Products is a leading provider of household products that simplify daily life so consumers can enjoy what matters most. With a presence in 95% of households across the United States, Reynolds Consumer Products manufactures and sells products that people use in their homes for cooking, serving, cleanup and storage. Iconic brands include Reynolds Wrap® aluminum foil and Hefty® tableware and tr
Reynolds Consumer Products Inc. (NASDAQ:REYN) (the "Company") announced it will report third quarter 2024 financial results on Wednesday, October 30, 2024. The Company's President and Chief Executive Officer, Lance Mitchell, and Chief Financial Officer, Scott Huckins, will host a live webcast to discuss the results at 7:00 a.m. CT (8:00 a.m. ET) that same day. A link to the webcast and all related earnings materials will be available at https://investors.reynoldsconsumerproducts.com/. About Reynolds Consumer Products Inc. Reynolds Consumer Products is a leading provider of household products that simplify daily life so consumers can enjoy what matters most. With a presence in 95% of hous
Reynolds Consumer Products Inc. (NASDAQ:REYN) announced today that its Board of Directors has declared a quarterly cash dividend of $0.23 per common share. The dividend is payable August 30, 2024, to shareholders of record on August 16, 2024. About Reynolds Consumer Products Inc. Reynolds Consumer Products is a leading provider of household products that simplify daily life so consumers can enjoy what matters most. With a presence in 95% of households across the United States, Reynolds Consumer Products manufactures and sells products that people use in their homes for cooking, serving, cleanup and storage. Iconic brands include Reynolds Wrap® aluminum foil and Hefty® trash bags and dis
Reynolds Consumer Products Inc. (NASDAQ:REYN) (the "Company") announced it will report second quarter 2024 financial results on Wednesday, August 7, 2024. The Company's President and Chief Executive Officer, Lance Mitchell, and Chief Financial Officer, Scott Huckins, will host a live webcast to discuss the results at 7:00 a.m. CT (8:00 a.m. ET) that same day. A link to the webcast and all related earnings materials will be available at https://investors.reynoldsconsumerproducts.com/. About Reynolds Consumer Products Inc. Reynolds Consumer Products is a leading provider of household products that simplify daily life so consumers can enjoy what matters most. With a presence in 95% of ho
First Quarter Net Income and Adjusted EBITDA Increased 188% and 49% Full Year Net Income Guide Increased, Net Revenue and Adjusted EBITDA Guide Reiterated Record Q1 Cash Flow and $50 Million Voluntary Principal Payment Made After Quarter End Net Debt Leverage1 Reduced to 2.5x at Quarter End Reynolds Consumer Products Inc. ("RCP" or the "Company") (NASDAQ:REYN) today reported financial results for the first quarter ended March 31, 2024. First Quarter 2024 Highlights Net Revenues of $833 million vs. $874 million in Q1 2023 Retail Net Revenues decreased 3% to $794 million, at the high end of Company expectations Non-retail Net Revenues decreased 32% to $39 million, as expecte
Reynolds Consumer Products Inc. (NASDAQ:REYN) announced today that its Board of Directors has declared a quarterly cash dividend of $0.23 per common share. The dividend is payable May 31, 2024, to shareholders of record on May 17, 2024. About Reynolds Consumer Products Inc. Reynolds Consumer Products is a leading provider of household products that simplify daily life so consumers can enjoy what matters most. With a presence in 95% of households across the United States, Reynolds Consumer Products manufactures and sells products that people use in their homes for cooking, serving, cleanup and storage. Iconic brands include Reynolds Wrap® aluminum foil and Hefty® tableware and trash bags
Reynolds Consumer Products Inc. (NASDAQ:REYN) (the "Company") announced it will report first quarter 2024 financial results on Wednesday, May 8, 2024. The Company's Chief Executive Officer, Lance Mitchell, and Chief Financial Officer, Scott Huckins, will host a live webcast to discuss the results at 7:00 a.m. CT (8:00 a.m. ET) that same day. A link to the webcast and all related earnings materials will be available at https://investors.reynoldsconsumerproducts.com/. About Reynolds Consumer Products Inc. Reynolds Consumer Products is a leading provider of household products that simplify daily life so consumers can enjoy what matters most. With a presence in 95% of households across th
2023 Net Income and Adjusted EBITDA Increased 16% Record Fourth Quarter Net Income and Adjusted EBITDA; Increased 28% and 19% Record Operating Cash Flow of $644M; Net Debt Leverage1 Reduced to 2.7x Guides Double-Digit Net Income Growth, Reduction of Net Debt1 to $1.5B to $1.6B at Year End Reynolds Consumer Products Inc. (the "Company") (NASDAQ:REYN) today reported financial results for the fourth quarter and fiscal year ended December 31, 2023. Fiscal Year 2023 Highlights Net Revenues of $3,756 million vs. $3,817 million in 2022 Retail net revenues of $3,559 million vs. $3,549 million in 2022 Non-retail net revenues of $197 million vs. $268 million in 2022 Net Income
Reynolds Consumer Products Inc. (NASDAQ:REYN) announced that on January 25, 2024, its Board of Directors approved a quarterly cash dividend of $0.23 per common share. Shareholders of record on February 15, 2024, will receive the cash dividend on February 29, 2024. About Reynolds Consumer Products Inc. Reynolds Consumer Products is a leading provider of household products that simplify daily life so consumers can enjoy what matters most. With a presence in 95% of households across the United States, Reynolds Consumer Products manufactures and sells products that people use in their homes across three broad categories: cooking, waste and storage, and disposable tableware. Iconic brands in
Reynolds Consumer Products Inc. (NASDAQ:REYN) (the "Company") announced it will report fourth quarter and full-year 2023 financial results on Wednesday, February 7, 2024. The Company's Chief Executive Officer, Lance Mitchell, and Chief Financial Officer, Scott Huckins, will host a live webcast to discuss the results at 7:00 a.m. CT (8:00 a.m. ET) that same day. A link to the webcast and all related earnings materials will be available at https://investors.reynoldsconsumerproducts.com/. About Reynolds Consumer Products Inc. Reynolds Consumer Products is a leading provider of household products that simplify daily life so consumers can enjoy what matters most. With a presence in 95% of
4 - Reynolds Consumer Products Inc. (0001786431) (Issuer)
4 - Reynolds Consumer Products Inc. (0001786431) (Issuer)
Third Quarter Net Revenues, Retail Volume In Line with Expectations Third Quarter Net Income and Adjusted EBITDA Increased 10% and 4%, Respectively, In Line with Expectations Strong Free Cash Flow Delivery Continued; $50M Debt Prepayment Made After Quarter End Full Year Net Revenue, Net Income and Adjusted EBITDA Guide Updated Planned CEO and CFO Transition Announced Reynolds Consumer Products Inc. (the "Company" or "RCP") (NASDAQ:REYN) today reported financial results for the third quarter ended September 30, 2024. Third Quarter 2024 Highlights Net Revenues of $910 million vs. $935 million in Q3 2023 Retail Net Revenues decreased 3% to $856 million, in line with Company expectati
Reynolds Consumer Products Inc., (NASDAQ:REYN) today announced the appointment of Scott E. Huckins as the company's Chief Financial Officer (CFO), effective November 13, 2023. He is the successor to Michael Graham, who will then shift to an advisory role until his retirement in February 2024. To ensure a successful transition, Mr. Huckins will join the company in an advisory role on October 23, then assume the role of CFO on November 13. "We are excited for Scott to join us as CFO as we continue to provide products that simplify daily life for consumers. He brings extensive experience in leading Finance at consumer staples and publicly traded companies - most recently as CFO at SunOpta, w
Appointments of Rachel Bishop, Jeffrey Boyer and Chip Molloy Enhance Board's Expertise in Retail Operations, Strategy and Finance Sally Beauty Holdings, Inc. (NYSE:SBH) today announced the appointment of Rachel R. Bishop, Ph.D., President, Hefty Tableware at Reynolds Consumer Products; Jeffrey Boyer, Chief Operating Officer of Fossil Group; and Lawrence "Chip" Molloy, Chief Financial Officer of Sprouts Farmers Market, to its Board of Directors, effective immediately. With these appointments, Sally Beauty Holdings' Board is now 46% women and 8% racially/ethnically diverse, and 69% have joined within the last five years. "On behalf of my fellow directors, we are very pleased to welcome Rach
Jefferies initiated coverage of Reynolds Consumer Products with a rating of Buy and set a new price target of $38.00
JP Morgan downgraded Reynolds Consumer Products from Overweight to Neutral and set a new price target of $28.00 from $29.00 previously
Goldman upgraded Reynolds Consumer Products from Sell to Neutral and set a new price target of $30.00 from $28.00 previously
Canaccord Genuity initiated coverage of Reynolds Consumer Products with a rating of Hold and set a new price target of $28.00
Credit Suisse downgraded Reynolds Consumer Products from Outperform to Neutral and set a new price target of $32.00 from $33.00 previously
RBC Capital Mkts downgraded Reynolds Consumer Products from Outperform to Sector Perform and set a new price target of $30.00
Stifel downgraded Reynolds Consumer Products from Buy to Hold and set a new price target of $31.00 from $33.00 previously
Goldman downgraded Reynolds Consumer Products from Buy to Sell and set a new price target of $26.00 from $34.00 previously
Goldman Sachs reiterated coverage of Reynolds Consumer with a rating of Buy and set a new price target of $36.00 from $32.00 previously
Citigroup downgraded Reynolds Consumer from Buy to Neutral and set a new price target of $35.00 from $32.00 previously