REYN Stock Recent News

LAKE FOREST, Ill.--(BUSINESS WIRE)--Reynolds Consumer Products Inc. (Nasdaq: REYN) (the “Company”) announced it will report third quarter 2023 financial results on Wednesday, November 8, 2023. The Company's Chief Executive Officer, Lance Mitchell, and Chief Financial Officer, Michael Graham, 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.reynoldsconsumer.

Reynolds Consumer Products Inc.'s earnings took a 20% hit in 2021 due to inflationary pressures, and the company continues to show stagnation in 2022 and 2023. Reynolds is a well-known household brand in the U.S., but its leverage ratios and reliance on Walmart for sales raise concerns. Despite a decrease in net debt and improved sales, Reynolds' earnings and leverage ratios have fallen short, making it unappealing to invest in.

The headline numbers for Reynolds Consumer Products (REYN) give insight into how the company performed in the quarter ended June 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Reynolds Consumer Products (REYN) came out with quarterly earnings of $0.32 per share, beating the Zacks Consensus Estimate of $0.28 per share. This compares to earnings of $0.26 per share a year ago.

Reynolds Consumer Products Inc.'s stock REYN, -1.45% jumped 3.5% premarket Wednesday after the maker of household products beat estimates for the second quarter. Lake Forest, Ill.

Reynolds Consumer Products (REYN) came out with quarterly earnings of $0.08 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.26 per share a year ago.

The company is on a slow-growth track, limiting its investment returns. Investors should wait for a higher dividend yield.

Nuvei (NASDAQ: NVEI ) stock is slipping on Tuesday even after announcing Deadpool star Ryan Reynolds invested in the company. The latest press release announcing the news doesn't cover how much of an investment Reynolds made in the global payments technology company.

Actor and entrepreneur Ryan Reynolds said Monday he has invested in Canadian fintech Nuvei Corp. NVEI, -3.59% NVEI, -3.21% “I know about as much about fintech as I did about gin or mobile a few years ago,” Reynolds said in a statement. “But Nuvei is impressive.

Reynolds Consumer Products (NASDAQ: REYN) share price has struggled to gain traction since the IPO,  but one thing is certain. When the share prices drop below $27.75, someone in the market steps in and buys them, which is happening now.