Ranpak (NASDAQ:PACK) Issues Quarterly Earnings Results

Ranpak (NASDAQ:PACK) posted its quarterly earnings results on Thursday. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.07) by $0.04, Fidelity Earnings reports. The firm had revenue of $69.10 million during the quarter.

Ranpak stock traded down $0.12 during trading hours on Friday, hitting $6.15. The stock had a trading volume of 6,400 shares, compared to its average volume of 142,308. The company’s 50-day simple moving average is $6.08. Ranpak has a fifty-two week low of $4.32 and a fifty-two week high of $10.35.

In other news, CFO Trent Meyerhoefer acquired 12,500 shares of the firm’s stock in a transaction on Thursday, August 29th. The shares were purchased at an average cost of $5.53 per share, for a total transaction of $69,125.00. Following the transaction, the chief financial officer now owns 58,276 shares of the company’s stock, valued at $322,266.28. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Insiders acquired a total of 28,380 shares of company stock worth $171,410 over the last quarter.

Separately, Craig Hallum started coverage on Ranpak in a report on Monday, September 30th. They issued a “buy” rating and a $10.00 price target for the company.

About Ranpak

Ranpak Holdings Corp. intends to effect a merger, share exchange, asset acquisition, share purchase, and reorganization or similar business combination with one or more businesses. It focuses on consumer products related businesses with a focus on companies in consumer products or services; food and beverages; and related manufacturing or industrial services categories in North America or Western Europe.

See Also: Special Dividends

Earnings History for Ranpak (NASDAQ:PACK)

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