Graphic Packaging (NYSE:GPK) Announces Earnings Results

Graphic Packaging (NYSE:GPK) issued its quarterly earnings results on Tuesday. The industrial products company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.04, Zacks reports. Graphic Packaging had a return on equity of 21.13% and a net margin of 6.18%.The firm had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.17 billion. Graphic Packaging updated its FY 2025 guidance to 1.800-2.000 EPS.

Graphic Packaging Stock Down 2.0%

NYSE GPK traded down $0.33 during trading hours on Thursday, hitting $16.67. The company’s stock had a trading volume of 4,631,052 shares, compared to its average volume of 3,413,182. Graphic Packaging has a 52 week low of $14.90 and a 52 week high of $30.49. The company has a market capitalization of $4.94 billion, a PE ratio of 9.42 and a beta of 0.72. The company has a current ratio of 1.43, a quick ratio of 0.56 and a debt-to-equity ratio of 1.68. The company’s 50-day simple moving average is $18.98 and its two-hundred day simple moving average is $21.30.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Raymond James Financial downgraded Graphic Packaging from an “outperform” rating to a “market perform” rating in a report on Friday, October 17th. UBS Group cut their price objective on shares of Graphic Packaging from $20.00 to $19.00 and set a “neutral” rating on the stock in a research report on Thursday. Weiss Ratings reissued a “hold (c-)” rating on shares of Graphic Packaging in a research report on Wednesday, October 8th. Zacks Research cut shares of Graphic Packaging from a “hold” rating to a “strong sell” rating in a research report on Monday. Finally, Citigroup cut their price objective on shares of Graphic Packaging from $23.00 to $21.00 and set a “neutral” rating on the stock in a research report on Monday, October 6th. One analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $22.63.

Insiders Place Their Bets

In related news, EVP Joseph P. Yost sold 30,000 shares of the firm’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $22.72, for a total value of $681,600.00. Following the transaction, the executive vice president owned 255,203 shares of the company’s stock, valued at approximately $5,798,212.16. This trade represents a 10.52% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.41% of the company’s stock.

Hedge Funds Weigh In On Graphic Packaging

Several large investors have recently added to or reduced their stakes in GPK. State of Wyoming lifted its position in Graphic Packaging by 96.1% in the 2nd quarter. State of Wyoming now owns 3,527 shares of the industrial products company’s stock valued at $74,000 after acquiring an additional 1,728 shares in the last quarter. Hsbc Holdings PLC lifted its position in shares of Graphic Packaging by 5.4% during the 2nd quarter. Hsbc Holdings PLC now owns 15,485 shares of the industrial products company’s stock worth $326,000 after buying an additional 791 shares in the last quarter. Vident Advisory LLC lifted its position in shares of Graphic Packaging by 33.6% during the 2nd quarter. Vident Advisory LLC now owns 15,921 shares of the industrial products company’s stock worth $335,000 after buying an additional 4,000 shares in the last quarter. Bank of Nova Scotia bought a new position in shares of Graphic Packaging during the 2nd quarter worth approximately $357,000. Finally, NewEdge Advisors LLC lifted its position in shares of Graphic Packaging by 3.0% during the 2nd quarter. NewEdge Advisors LLC now owns 18,379 shares of the industrial products company’s stock worth $387,000 after buying an additional 539 shares in the last quarter. Institutional investors own 99.67% of the company’s stock.

About Graphic Packaging

Graphic Packaging Holding Company, together with its subsidiaries, designs, produces, and sells consumer packaging products to brands in food, beverage, foodservice, household, and other consumer products. It operates through three segments: Paperboard Manufacturing, Americas Paperboard Packaging, and Europe Paperboard Packaging.