NEW YORK, March 16, 2017 /PRNewswire/ --
Today's research reports have been issued by Stock-Callers.com on these Packaging and Containers stocks: Tupperware Brands Corp. (NYSE: TUP), Multi Packaging Solutions International Ltd (NYSE: MPSX), Sonoco Products Co. (NYSE: SON), and Silgan Holdings Inc. (NASDAQ: SLGN). The Packaging market is driven by factors such as the rise in technological advancements in the industry, developments in printing technologies, and concerns regarding the impact of counterfeit packaging on the brand image of products. Learn more about these stocks by downloading their free report at:
Florida headquartered Tupperware Brands Corp.'s stock finished Wednesday's session 1.12% higher at $61.27. A total volume of 684,783 shares was traded, which was above their three months average volume of 664,860 shares. The Company's shares have advanced 1.76% in the past month, 11.05% over the previous three months, and 16.44% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 4.99% and 4.07%, respectively. Furthermore, shares of Tupperware Brands, which operates as a direct-to-consumer marketer of various products across a range of brands and categories worldwide, have a Relative Strength Index (RSI) of 62.57.
On February 01st, 2017, Tupperware announced that Q4 2016 net sales were $600.9 million, up 1% in dollars and 3% in local currency. The Company's GAAP net income and diluted earnings per share were $79.0 million and $1.55 for Q4 2016 versus $58.1 million and $1.15 in the prior year, respectively. The free research report on TUP is available at:
Multi Packaging Solutions
Shares in New York headquartered Multi Packaging Solutions International Ltd ended at $17.92, up 0.22% from the last trading session. The stock recorded a trading volume of 122,654 shares. The Company's shares have gained 0.22% in the last one month, 26.91% in the past three months, and 25.67% over the previous one year. The stock is trading 6.57% above its 50-day moving average and 20.97% above its 200-day moving average. Moreover, shares of Multi Packaging Solutions International, which prints, manufactures, and sells paperboard, paper, and plastic packaging products in North America, Europe, and Asia, have an RSI of 83.23.
On February 13th, 2017, Multi Packaging announced that GAAP net sales for Q2 FY17 were $386.1 million versus net sales for Q2 FY16 of $429.4 million. The Company's gross profit percentage in Q2 FY17 was 21.4% compared to 22.3% in the prior year. GAAP operating income for Q2 FY17 was $24.9 million versus $7.1 million for Q2 FY16. The complimentary report on MPSX can be downloaded at:
South Carolina headquartered Sonoco Products Co.'s stock ended yesterday's session 1.36% higher at $53.63. A total volume of 480,825 shares was traded, which was above their three months average volume of 480,700 shares. The Company's shares have advanced 1.51% in the past month, 0.26% over the previous three months, and 2.47% on an YTD basis. The stock is trading 0.02% and 4.66% above its 50-day and 200-day moving averages, respectively. Additionally, shares of Sonoco Products, which manufactures and sells industrial and consumer packaging products in North and South America, Europe, Australia, and Asia, have an RSI of 52.15.
On March 14th, 2017, Sonoco announced that it has completed the acquisition of Peninsula Packaging Company, a leading manufacturer of thermoformed packaging for fresh fruit and vegetables found in the fast-growing perimeter of retail supermarkets. Sonoco acquired Peninsula Packaging for approximately $230 million from funds managed by Odyssey Investment Partners, LLC and other shareholders. Sonoco financed the transaction with a combination of cash and a $150 million three-year term loan. Visit us today and download our complete research report on SON for free at:
On Wednesday, shares in Connecticut headquartered Silgan Holdings Inc. recorded a trading volume of 258,379 shares. The stock finished 1.43% higher at $60.87. The Company's shares have advanced 1.05% in the last one month, 18.18% in the previous three months, and 19.29% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 5.25% and 17.46%, respectively. Furthermore, shares of Silgan Holdings, which together with its subsidiaries, manufactures and sells rigid packaging for shelf-stable food and other consumer goods products worldwide, have an RSI of 62.02.
On March 03rd, 2017, Silgan Holdings announced that it has given an irrevocable notice for the redemption of $220 million aggregate principal amount of its outstanding 5% Senior Notes due 2020. The redemption date for this partial redemption is April 03rd, 2017. Pursuant to the terms of the indenture governing the 5% Senior Notes, the Company will redeem $220 million aggregate principal amount of the 5% Senior Notes at a redemption price of 101.25% of their principal amount, or $222.75 million, plus accrued and unpaid interest up to the redemption date. Get free access to your technical report on SLGN at:
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