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 |
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.
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)
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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)
4 - Reynolds Consumer Products Inc. (0001786431) (Issuer)
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
The two brands collaborated to create the ultimate summer grilling collection designed to help home cooks prep, grill and arrange delicious, barbecued food boards LAKE FOREST, Ill., June 13, 2024 /PRNewswire/ -- Inspired by the charcuterie board craze, Reynolds Wrap® and ButcherBox have collaborated to create a limited-edition BBQterie Kit, the must-have summer grilling collection that reimagines traditional grazing boards and shows you how to host like a pro this summer! The kit comes with everything you need to make an impressive board and includes BBQterie tips to help you wow your guests all summer long. The first-of-its-kind BBQterie Kits are available exclusively online nationwide to
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
The professional wrestler and actor delivers comedic performance in continued role as the brand's official spokesperson LAKE FOREST, Ill., April 3, 2024 /PRNewswire/ -- In his eighth year as a brand spokesperson, professional wrestler and actor John Cena is once again teaming up with Hefty® in the brand's newest Ultra Strong™ trash bag campaign launching today. Developed by creative agency DDB Chicago, the multimedia campaign features Cena delivering light-hearted humor while showcasing the strength and durability of Hefty ® Ultra Strong™ trash bags. "John has been an incredib
Introduces 2030 Vision Reaffirms Q1 2024 and Full Year 2024 Guidance Reynolds Consumer Products Inc. (the "Company") (NASDAQ:REYN) will host its 2024 Investor Day tomorrow, March 19, 2024, in New York City at 8:30am ET. This event was first announced on February 1, 2024. The live webcast can be found at https://investorday.reynoldsconsumerproducts.com/. A replay of the presentation, including slides and transcripts, will be posted to the Investor Relations section of the Company's website after the conclusion of tomorrow's event. The Reynolds Consumer Products 2024 Investor Day will feature presentations from key members of the leadership team, providing in-depth discussions on the Co
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
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10-Q - Reynolds Consumer Products Inc. (0001786431) (Filer)
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10-K - Reynolds Consumer Products Inc. (0001786431) (Filer)
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
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
Accelerating Margins and Updating Earnings Estimates Generating Strong Cash Flow and Improving Leverage Gaining Product Category Share Reynolds Consumer Products Inc. (the "Company") (NASDAQ:REYN) today reported financial results for the third quarter ended September 30, 2023. Third Quarter 2023 Highlights Net Revenues of $935 million, vs. $967 million in Q3 2022, down 3% Net Income of $78 million vs. $48 million in Q3 2022, up 63%, and $268 million for the trailing twelve months ended September 30, 2023 Adjusted EBITDA of $165 million vs. $116 million in Q3 2022, up 42%, and $598 million for the trailing twelve months ended September 30, 2023 Earnings Per Share of $0.37
Reynolds Consumer Products Inc. (NASDAQ:REYN) today announced that its Board of Directors approved a quarterly cash dividend of $0.23 per common share. Shareholders of record on November 16, 2023, will receive the cash dividend on November 30, 2023. 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 include Reynolds
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