News stories about Greif Bros. Corporation (NYSE:GEF) have been trending somewhat positive recently, according to Accern. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Greif Bros. Corporation earned a media sentiment score of 0.20 on Accern’s scale. Accern also assigned news stories about the industrial products company an impact score of 47.0051965721291 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Greif Bros. Corporation (GEF) opened at 57.06 on Friday. Greif Bros. Corporation has a 12-month low of $45.54 and a 12-month high of $63.04. The company has a market cap of $2.73 billion, a price-to-earnings ratio of 29.08 and a beta of 1.35. The firm’s 50-day moving average is $56.93 and its 200 day moving average is $56.41.
Greif Bros. Corporation (NYSE:GEF) last announced its quarterly earnings data on Wednesday, August 30th. The industrial products company reported $0.85 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.84 by $0.01. Greif Bros. Corporation had a return on equity of 15.49% and a net margin of 2.65%. The firm had revenue of $961.80 million during the quarter, compared to the consensus estimate of $901.76 million. During the same quarter in the previous year, the company posted $0.91 earnings per share. The business’s revenue was up 13.8% on a year-over-year basis. On average, equities analysts expect that Greif Bros. Corporation will post $2.87 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Sunday, October 1st. Shareholders of record on Monday, September 18th will be given a $0.42 dividend. The ex-dividend date of this dividend is Friday, September 15th. This represents a $1.68 annualized dividend and a yield of 2.94%. Greif Bros. Corporation’s payout ratio is currently 105.66%.
GEF has been the subject of a number of research reports. BMO Capital Markets reiterated a “hold” rating and issued a $55.00 price objective on shares of Greif Bros. Corporation in a report on Thursday, August 17th. Zacks Investment Research upgraded shares of Greif Bros. Corporation from a “sell” rating to a “hold” rating in a report on Friday, May 26th. BidaskClub upgraded shares of Greif Bros. Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. Bank of America Corporation lowered shares of Greif Bros. Corporation from a “buy” rating to a “neutral” rating and raised their price objective for the company from $60.45 to $63.00 in a report on Friday, September 1st. Finally, Robert W. Baird reiterated a “buy” rating and issued a $66.00 price objective on shares of Greif Bros. Corporation in a report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. Greif Bros. Corporation has a consensus rating of “Hold” and an average target price of $57.50.
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In other Greif Bros. Corporation news, major shareholder Shannon J. Diener bought 5,189 shares of the firm’s stock in a transaction that occurred on Thursday, July 6th. The stock was bought at an average price of $62.37 per share, for a total transaction of $323,637.93. Following the completion of the acquisition, the insider now directly owns 10,189 shares in the company, valued at $635,487.93. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 16.79% of the company’s stock.
Greif Bros. Corporation Company Profile
Greif, Inc is a producer of industrial packaging products and services. The Company’s segments are Rigid Industrial Packaging & Services; Paper Packaging & Services; Flexible Products & Services, and Land Management. The Rigid Industrial Packaging & Services segment is engaged in the production and sale of rigid industrial packaging products, and services, such as container life cycle management, filling, logistics, warehousing and other packaging services.
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