Ranpak (PACK) Projected to Post Quarterly Earnings on Thursday

Ranpak (NYSE:PACK) is projected to release its earnings data before the market opens on Thursday, March 6th. Analysts expect Ranpak to post earnings of ($0.01) per share and revenue of $100.41 million for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Ranpak Stock Down 4.5 %

Shares of NYSE:PACK opened at $6.29 on Wednesday. The stock has a market capitalization of $523.27 million, a price-to-earnings ratio of -26.19 and a beta of 2.40. Ranpak has a 1-year low of $4.30 and a 1-year high of $9.04. The company’s fifty day moving average is $6.93 and its two-hundred day moving average is $6.84. The company has a debt-to-equity ratio of 0.71, a quick ratio of 2.01 and a current ratio of 2.36.

Wall Street Analysts Forecast Growth

Separately, Cantor Fitzgerald assumed coverage on shares of Ranpak in a research report on Thursday, December 19th. They set an “overweight” rating and a $11.50 price target for the company.

Ranpak Company Profile

Ranpak Holdings Corp., together with its subsidiaries, provides product protection solutions and end-of-line automation solutions for e-commerce and industrial supply chains in North America, Europe, and Asia. The company offers protective packaging solutions, such as void-fill protective systems that convert paper to fill empty spaces in secondary packages and protect objects under the FillPak brand; cushioning protective systems, which convert paper into cushioning pads under the PadPak brand; and wrapping protective systems that create pads or paper mesh to wrap and protect fragile items, as well as to line boxes and provide separation when shipping various objects under the WrapPak, Geami, and ReadyRoll brands, as well as cold chain products, which are used to provide insulation for goods.