NasdaqGS:REYNHousehold Products
Reynolds Consumer Products (REYN) Stock Dips As Profit Strength Meets Cost Pressure
Reynolds Consumer Products stock slipped about 2% today to US$25.26, even as the company reported another quarter of solid profit progress. The market focused on the red in the quote screen, but the headline in the numbers told a different story.
Quarterly net income reached US$89 million with basic earnings per share of US$0.42, supported by trailing 12 month profit of US$344 million and a P/E of 15.5x that sits below peers and the broader household products group. For anyone thinking beyond...