Ranpak (NASDAQ:PACK) Announces Earnings Results

Ranpak (NASDAQ:PACK) issued its earnings results on Thursday. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.07) by $0.04, Fidelity Earnings reports. The business had revenue of $69.10 million during the quarter.

NASDAQ PACK traded down $0.12 during trading hours on Friday, reaching $6.15. The company’s stock had a trading volume of 6,400 shares, compared to its average volume of 142,308. Ranpak has a 52 week low of $4.32 and a 52 week high of $10.35. The company has a 50-day moving average of $6.08.

In other Ranpak news, CFO Trent Meyerhoefer purchased 12,500 shares of the firm’s stock in a transaction on Thursday, August 29th. The shares were purchased at an average price of $5.53 per share, for a total transaction of $69,125.00. Following the completion of the transaction, the chief financial officer now owns 58,276 shares in the company, valued at approximately $322,266.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last 90 days, insiders acquired 28,380 shares of company stock worth $171,410.

Separately, Craig Hallum initiated coverage on shares of Ranpak in a report on Monday, September 30th. They issued a “buy” rating and a $10.00 target price on the stock.

Ranpak Company Profile

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.

Read More: Capital Gains Distribution

Earnings History for Ranpak (NASDAQ:PACK)

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