Silgan Posts Dismal Quarter; Lowers Full Year Guidance
After reviewing Silgan’s disappointing third-quarter results, we are maintaining our $42 per share fair value estimate as well as our narrow economic moat rating. We are, however, reducing our full-year EPS estimate to $2.78 after management lowered guidance to $2.75-$2.85 from $3.00-$3.15. Our longer-term thesis on Silgan is that, while the company currently possesses a meaningful low-cost manufacturing advantage in its metal food can segment, … Continue reading Silgan Posts Dismal Quarter; Lowers Full Year Guidance