Ranpak (NASDAQ:PACK) Releases Quarterly Earnings Results, Beats Expectations By $0.04 EPS

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

Shares of PACK 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 firm has a fifty day moving average price of $6.08. Ranpak has a 12 month low of $4.32 and a 12 month high of $10.35.

In related news, CFO Trent Meyerhoefer acquired 12,500 shares of Ranpak stock in a transaction on Thursday, August 29th. The shares were bought at an average cost of $5.53 per share, with a total value of $69,125.00. Following the completion of the purchase, the chief financial officer now directly owns 58,276 shares of the company’s stock, valued at approximately $322,266.28. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have acquired 28,380 shares of company stock worth $171,410 over the last three months.

Separately, Craig Hallum assumed coverage on Ranpak in a report on Monday, September 30th. They issued a “buy” rating and a $10.00 price objective 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.

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Earnings History for Ranpak (NASDAQ:PACK)

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