Reynolds Consumer Products (NASDAQ:REYN) Posts Earnings Results

Reynolds Consumer Products (NASDAQ:REYNGet Free Report) announced its earnings results on Wednesday. The company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.02, FiscalAI reports. Reynolds Consumer Products had a net margin of 8.70% and a return on equity of 16.05%. The business had revenue of $944.00 million during the quarter, compared to the consensus estimate of $935.46 million. During the same quarter last year, the firm earned $0.39 earnings per share. The business’s revenue for the quarter was up .6% on a year-over-year basis. Reynolds Consumer Products updated its Q3 2026 guidance to 0.370-0.390 EPS and its FY 2026 guidance to 1.570-1.630 EPS.

Here are the key takeaways from Reynolds Consumer Products’ conference call:

  • First-half performance strengthened: Adjusted EBITDA rose 8% to $302 million, adjusted EPS increased 7% in Q2 to $0.42, gross profit expanded by $38 million, and operating cash flow reached $173 million.
  • The company raised its full-year revenue outlook to 1%–3% growth, citing higher pricing and retail volume outperformance, while maintaining adjusted EBITDA guidance of $660 million–$675 million and adjusted EPS guidance of $1.57–$1.63.
  • Hefty Waste & Clean-Up and Storage & Organization posted distribution gains, while branded waste bags delivered approximately 2% volume and sales growth; Hefty Ultra Strong also ranked among Amazon’s top five products during Prime Day.
  • Annualized commodity headwinds are now estimated at approximately $400 million, double the prior estimate, and management expects July pricing actions to pressure second-half margin rates and create demand elasticity.
  • Third-quarter adjusted EBITDA is projected at $160 million–$165 million, below the $168 million reported a year earlier, reflecting ongoing macroeconomic uncertainty, promotional intensity, and the effects of further pricing.

Reynolds Consumer Products Stock Performance

Shares of Reynolds Consumer Products stock traded up $0.03 during trading on Wednesday, hitting $25.84. 714,365 shares of the company’s stock traded hands, compared to its average volume of 1,118,577. 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 simple moving average of $24.44 and a 200-day simple moving average of $23.14. The stock has a market capitalization of $5.45 billion, a P/E ratio of 16.47 and a beta of 0.54. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.79 and a quick ratio of 0.76.

Reynolds Consumer Products Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 17th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Monday, August 17th. This represents a $0.92 annualized dividend and a dividend yield of 3.6%. Reynolds Consumer Products’s dividend payout ratio (DPR) is 58.60%.

Hedge Funds Weigh In On Reynolds Consumer Products

Hedge funds and other institutional investors have recently bought and sold shares of the stock. AQR Capital Management LLC boosted its holdings in shares of Reynolds Consumer Products by 163.3% during the 3rd quarter. AQR Capital Management LLC now owns 4,951,190 shares of the company’s stock valued at $121,156,000 after acquiring an additional 3,071,015 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Reynolds Consumer Products by 17.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,425,029 shares of the company’s stock valued at $101,426,000 after purchasing an additional 649,120 shares during the period. Jane Street Group LLC boosted its holdings in Reynolds Consumer Products by 858.3% in the second quarter. Jane Street Group LLC now owns 1,204,840 shares of the company’s stock worth $25,808,000 after purchasing an additional 1,079,116 shares during the last quarter. Millennium Management LLC boosted its holdings in Reynolds Consumer Products by 53.3% in the fourth quarter. Millennium Management LLC now owns 1,034,668 shares of the company’s stock worth $23,715,000 after purchasing an additional 359,846 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Reynolds Consumer Products by 4.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 863,721 shares of the company’s stock worth $19,796,000 after purchasing an additional 39,022 shares during the period. Institutional investors own 26.81% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on REYN. Weiss Ratings upgraded Reynolds Consumer Products from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, June 29th. Royal Bank Of Canada set a $24.00 price objective on Reynolds Consumer Products and gave the company a “sector perform” rating in a research note on Thursday, April 9th. Barclays increased their target price on Reynolds Consumer Products from $24.00 to $25.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 21st. Zacks Research upgraded Reynolds Consumer Products from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. Finally, JPMorgan Chase & Co. lifted their price target on Reynolds Consumer Products from $23.00 to $27.00 and gave the stock a “neutral” rating in a research report on Thursday, July 16th. Seven analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $25.40.

Get Our Latest Stock Analysis on REYN

About Reynolds Consumer Products

(Get Free Report)

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.

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Earnings History for Reynolds Consumer Products (NASDAQ:REYN)

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