Equities analysts expect Graphic Packaging Holding (NYSE:GPK) to announce earnings of $0.23 per share for the current quarter, according to Zacks. Four analysts have made estimates for Graphic Packaging’s earnings, with the highest EPS estimate coming in at $0.26 and the lowest estimate coming in at $0.21. Graphic Packaging also posted earnings of $0.23 per share in the same quarter last year. The business is scheduled to report its next quarterly earnings report before the market opens on Tuesday, January 28th.
On average, analysts expect that Graphic Packaging will report full year earnings of $0.87 per share for the current financial year, with EPS estimates ranging from $0.86 to $0.91. For the next fiscal year, analysts expect that the firm will post earnings of $0.99 per share, with EPS estimates ranging from $0.90 to $1.15. Zacks’ earnings per share averages are an average based on a survey of analysts that that provide coverage for Graphic Packaging.
Graphic Packaging (NYSE:GPK) last released its quarterly earnings data on Tuesday, October 22nd. The industrial products company reported $0.20 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.01. Graphic Packaging had a net margin of 3.60% and a return on equity of 12.72%. The firm had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.57 billion. During the same quarter in the prior year, the business earned $0.22 EPS. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year.
GPK has been the subject of several recent research reports. Royal Bank of Canada reiterated a “buy” rating on shares of Graphic Packaging in a report on Wednesday, December 11th. Deutsche Bank boosted their target price on Graphic Packaging from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. ValuEngine lowered Graphic Packaging from a “hold” rating to a “sell” rating in a research report on Saturday, January 4th. Zacks Investment Research raised Graphic Packaging from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a research note on Wednesday, January 8th. Finally, KeyCorp reiterated a “hold” rating on shares of Graphic Packaging in a report on Thursday, September 26th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $16.25.
Several institutional investors have recently added to or reduced their stakes in GPK. Squarepoint Ops LLC grew its position in Graphic Packaging by 48.9% in the third quarter. Squarepoint Ops LLC now owns 292,760 shares of the industrial products company’s stock valued at $4,318,000 after acquiring an additional 96,145 shares during the period. Parallax Volatility Advisers L.P. bought a new stake in Graphic Packaging during the 2nd quarter worth about $137,000. Marshall Wace North America L.P. grew its holdings in Graphic Packaging by 65.9% during the 2nd quarter. Marshall Wace North America L.P. now owns 3,006,131 shares of the industrial products company’s stock worth $42,026,000 after acquiring an additional 1,193,788 shares during the last quarter. First Trust Advisors LP grew its holdings in Graphic Packaging by 8.3% during the 3rd quarter. First Trust Advisors LP now owns 568,417 shares of the industrial products company’s stock worth $8,384,000 after acquiring an additional 43,724 shares during the last quarter. Finally, Castleark Management LLC grew its holdings in Graphic Packaging by 1.6% during the 3rd quarter. Castleark Management LLC now owns 502,320 shares of the industrial products company’s stock worth $7,409,000 after acquiring an additional 7,995 shares during the last quarter.
Shares of Graphic Packaging stock traded down $0.02 on Wednesday, hitting $16.56. 24,066 shares of the company traded hands, compared to its average volume of 3,081,540. The company has a 50-day moving average price of $16.50 and a 200 day moving average price of $15.03. The company has a quick ratio of 0.64, a current ratio of 1.62 and a debt-to-equity ratio of 1.44. Graphic Packaging has a 12-month low of $11.34 and a 12-month high of $16.95. The company has a market cap of $4.68 billion, a PE ratio of 20.57, a PEG ratio of 0.96 and a beta of 1.39.
The firm also recently declared a quarterly dividend, which was paid on Sunday, January 5th. Stockholders of record on Sunday, December 15th were paid a dividend of $0.075 per share. The ex-dividend date was Thursday, December 12th. This represents a $0.30 annualized dividend and a dividend yield of 1.81%. Graphic Packaging’s dividend payout ratio (DPR) is 37.04%.
Graphic Packaging Company Profile
Graphic Packaging Holding Company, together with its subsidiaries, provides paper-based packaging solutions to food, beverage, foodservice, and other consumer products companies. It operates through three segments: Paperboard Mills, Americas Paperboard Packaging, and Europe Paperboard Packaging. The company offers coated unbleached kraft (CUK), coated recycled paperboard (CRB), and solid bleached sulfate paperboard (SBS) to various paperboard packaging converters and brokers; and paperboard packaging folding cartons and cups, lids, and food containers primarily to consumer packaged goods, quick-service restaurants, and foodservice companies.
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