FY2017 Earnings Forecast for Graphic Packaging Holding Company (NYSE:GPK) Issued By DA Davidson

Graphic Packaging Holding Company (NYSE:GPK) – DA Davidson dropped their FY2017 earnings estimates for shares of Graphic Packaging Holding in a report released on Tuesday, Zacks Investment Research reports. DA Davidson analyst S. Chercover now expects that the industrial products company will post earnings of $0.67 per share for the year, down from their previous estimate of $0.69. DA Davidson currently has a “Buy” rating and a $16.50 price target on the stock. DA Davidson also issued estimates for Graphic Packaging Holding’s Q1 2018 earnings at $0.16 EPS, Q2 2018 earnings at $0.19 EPS, Q3 2018 earnings at $0.26 EPS, Q4 2018 earnings at $0.23 EPS and FY2018 earnings at $0.85 EPS.



Graphic Packaging Holding (NYSE:GPK) last posted its earnings results on Tuesday, October 24th. The industrial products company reported $0.18 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.18. Graphic Packaging Holding had a net margin of 3.70% and a return on equity of 17.27%. The firm had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same period in the previous year, the firm posted $0.20 EPS. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. WARNING: “FY2017 Earnings Forecast for Graphic Packaging Holding Company (NYSE:GPK) Issued By DA Davidson” was originally posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this report on another website, it was illegally stolen and reposted in violation of U.S. and international trademark and copyright law. The correct version of this report can be read at https://www.dispatchtribunal.com/2017/11/11/da-davidson-research-analysts-cut-earnings-estimates-for-graphic-packaging-holding-company-gpk.html.

Other equities research analysts have also issued reports about the stock. BidaskClub lowered shares of Graphic Packaging Holding from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Zacks Investment Research raised shares of Graphic Packaging Holding from a “sell” rating to a “hold” rating in a research note on Friday, August 18th. Jefferies Group LLC reissued a “hold” rating and set a $15.00 target price (up from $14.00) on shares of Graphic Packaging Holding in a research note on Friday, July 14th. Royal Bank of Canada reissued a “buy” rating and set a $15.00 target price on shares of Graphic Packaging Holding in a research note on Tuesday, October 10th. Finally, BMO Capital Markets increased their target price on shares of Graphic Packaging Holding from $15.50 to $17.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 25th. One analyst has rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $16.13.

Graphic Packaging Holding (GPK) traded down $0.16 during trading hours on Thursday, hitting $15.25. 3,220,600 shares of the stock were exchanged, compared to its average volume of 4,011,031. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.74 and a current ratio of 1.50. Graphic Packaging Holding has a 12 month low of $12.00 and a 12 month high of $15.85. The company has a market cap of $4,772.69, a price-to-earnings ratio of 25.26, a P/E/G ratio of 4.69 and a beta of 1.20.

In other Graphic Packaging Holding news, VP Deborah R. Frank sold 38,266 shares of the company’s stock in a transaction on Friday, October 27th. The shares were sold at an average price of $15.51, for a total transaction of $593,505.66. Following the transaction, the vice president now owns 77,139 shares in the company, valued at $1,196,425.89. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.02% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GPK. Russell Investments Group Ltd. raised its holdings in shares of Graphic Packaging Holding by 83.9% in the first quarter. Russell Investments Group Ltd. now owns 15,926 shares of the industrial products company’s stock valued at $205,000 after purchasing an additional 7,266 shares during the last quarter. UBS Asset Management Americas Inc. raised its holdings in shares of Graphic Packaging Holding by 7.7% in the first quarter. UBS Asset Management Americas Inc. now owns 201,145 shares of the industrial products company’s stock valued at $2,589,000 after purchasing an additional 14,404 shares during the last quarter. Parametric Portfolio Associates LLC raised its holdings in shares of Graphic Packaging Holding by 58.7% in the first quarter. Parametric Portfolio Associates LLC now owns 295,179 shares of the industrial products company’s stock valued at $3,799,000 after purchasing an additional 109,191 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Graphic Packaging Holding by 10.2% in the first quarter. Envestnet Asset Management Inc. now owns 11,826 shares of the industrial products company’s stock valued at $152,000 after purchasing an additional 1,097 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of Graphic Packaging Holding in the first quarter valued at about $150,000. Hedge funds and other institutional investors own 95.10% of the company’s stock.

About Graphic Packaging Holding

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.

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

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