Graphic Packaging Holding Company (GPK) Expected to Announce Quarterly Sales of $1.12 Billion

Wall Street brokerages expect that Graphic Packaging Holding Company (NYSE:GPK) will post $1.12 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Graphic Packaging Holding’s earnings, with the lowest sales estimate coming in at $1.09 billion and the highest estimate coming in at $1.16 billion. Graphic Packaging Holding posted sales of $1.06 billion in the same quarter last year, which would indicate a positive year over year growth rate of 5.7%. The business is scheduled to report its next quarterly earnings report on Tuesday, February 6th.

According to Zacks, analysts expect that Graphic Packaging Holding will report full year sales of $1.12 billion for the current year, with estimates ranging from $4.38 billion to $4.44 billion. For the next year, analysts expect that the firm will post sales of $4.59 billion per share, with estimates ranging from $4.52 billion to $4.73 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Graphic Packaging Holding.

Graphic Packaging Holding (NYSE:GPK) last posted its quarterly earnings results on Tuesday, October 24th. The industrial products company reported $0.18 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.18. Graphic Packaging Holding had a return on equity of 17.27% and a net margin of 3.70%. The firm had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter in the previous year, the business earned $0.20 earnings per share. The company’s revenue was up 3.1% on a year-over-year basis.

A number of analysts recently commented on GPK shares. Stephens started coverage on Graphic Packaging Holding in a research report on Tuesday, October 24th. They set an “overweight” rating and a $17.00 price objective for the company. KeyCorp reiterated a “hold” rating on shares of Graphic Packaging Holding in a research report on Tuesday, October 10th. Zacks Investment Research upgraded Graphic Packaging Holding from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a research report on Thursday, October 12th. BidaskClub cut Graphic Packaging Holding from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Finally, BMO Capital Markets reiterated a “buy” rating and set a $15.50 price objective on shares of Graphic Packaging Holding in a research report on Friday, September 1st. One research analyst has rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $16.13.

Graphic Packaging Holding (GPK) traded down $0.05 during mid-day trading on Friday, hitting $15.42. The stock had a trading volume of 4,260,000 shares, compared to its average volume of 4,468,235. Graphic Packaging Holding has a 52-week low of $12.00 and a 52-week high of $15.85. The company has a quick ratio of 0.74, a current ratio of 1.50 and a debt-to-equity ratio of 1.96. The stock has a market capitalization of $4,775.79, a PE ratio of 25.28, a P/E/G ratio of 4.70 and a beta of 1.20.

The company also recently declared a quarterly dividend, which will be paid on Friday, January 5th. Investors of record on Friday, December 15th will be paid a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date of this dividend is Thursday, December 14th. Graphic Packaging Holding’s payout ratio is presently 57.69%.

In related news, VP Deborah R. Frank sold 38,266 shares of the stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $15.51, for a total transaction of $593,505.66. Following the completion of the transaction, the vice president now directly owns 77,139 shares of the company’s stock, valued at $1,196,425.89. The sale was disclosed in a filing with the SEC, which is available through this link. 1.02% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in the stock. Van ECK Associates Corp raised its position in Graphic Packaging Holding by 1.6% during the second quarter. Van ECK Associates Corp now owns 7,630 shares of the industrial products company’s stock valued at $105,000 after purchasing an additional 117 shares during the period. Bronfman E.L. Rothschild L.P. raised its position in Graphic Packaging Holding by 0.8% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 8,100 shares of the industrial products company’s stock valued at $112,000 after purchasing an additional 61 shares during the period. Eagle Boston Investment Management Inc. raised its position in Graphic Packaging Holding by 1.5% during the second quarter. Eagle Boston Investment Management Inc. now owns 10,773 shares of the industrial products company’s stock valued at $148,000 after purchasing an additional 163 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Graphic Packaging Holding by 10.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,818 shares of the industrial products company’s stock valued at $163,000 after purchasing an additional 1,123 shares during the period. Finally, Meeder Asset Management Inc. raised its position in Graphic Packaging Holding by 463.3% during the second quarter. Meeder Asset Management Inc. now owns 11,914 shares of the industrial products company’s stock valued at $164,000 after purchasing an additional 9,799 shares during the period.

COPYRIGHT VIOLATION WARNING: This piece of content was published by Transcript Daily and is owned by of Transcript Daily. If you are viewing this piece of content on another domain, it was stolen and republished in violation of U.S. & international trademark and copyright legislation. The original version of this piece of content can be accessed at https://transcriptdaily.com/2017/11/20/graphic-packaging-holding-company-gpk-expected-to-announce-quarterly-sales-of-1-12-billion.html.

Graphic Packaging Holding Company Profile

Graphic Packaging Holding Company is a provider of paper-based packaging solutions for a range of products to food, beverage and other consumer product companies. The Company’s segments include Paperboard Mills, Americas Paperboard Packaging, Europe Paperboard Packaging, and Corporate and Other. The Paperboard Mills segment includes the Company’s North American paperboard mills, which produce primarily coated unbleached kraft and coated recycled board.

Get a free copy of the Zacks research report on Graphic Packaging Holding (GPK)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Graphic Packaging Holding (NYSE:GPK)

Receive News & Ratings for Graphic Packaging Holding Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Graphic Packaging Holding Company and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply