Brokerages forecast that Graphic Packaging Holding Company (NYSE:GPK) will post $0.21 earnings per share for the current quarter, according to Zacks. Four analysts have made estimates for Graphic Packaging Holding’s earnings, with the lowest EPS estimate coming in at $0.18 and the highest estimate coming in at $0.24. Graphic Packaging Holding reported earnings of $0.14 per share in the same quarter last year, which would indicate a positive year over year growth rate of 50%. The company is expected to issue its next earnings results on Tuesday, February 6th.
According to Zacks, analysts expect that Graphic Packaging Holding will report full-year earnings of $0.68 per share for the current year, with EPS estimates ranging from $0.66 to $0.71. For the next financial year, analysts expect that the firm will post earnings of $0.84 per share, with EPS estimates ranging from $0.81 to $0.89. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that that provide coverage for Graphic Packaging Holding.
Graphic Packaging Holding (NYSE:GPK) last released its quarterly earnings results on Tuesday, October 24th. The industrial products company reported $0.18 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.18. Graphic Packaging Holding had a net margin of 3.70% and a return on equity of 17.50%. The company had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same period in the prior year, the company earned $0.20 earnings per share. The business’s quarterly revenue was up 3.1% compared to the same quarter last year.
GPK has been the topic of a number of analyst reports. Zacks Investment Research raised shares of Graphic Packaging Holding from a “sell” rating to a “hold” rating in a research note on Tuesday, September 12th. BMO Capital Markets reaffirmed a “buy” rating and issued a $15.50 price objective on shares of Graphic Packaging Holding in a research note on Friday, September 1st. BidaskClub lowered shares of Graphic Packaging Holding from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $15.00 price objective (up from $14.00) on shares of Graphic Packaging Holding in a research note on Friday, July 14th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Graphic Packaging Holding in a research note on Tuesday, October 10th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $16.13.
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Graphic Packaging Holding (NYSE:GPK) traded up 0.19% during midday trading on Friday, reaching $15.54. 4,702,991 shares of the company’s stock were exchanged. Graphic Packaging Holding has a 52 week low of $12.00 and a 52 week high of $15.63. The firm has a 50-day moving average price of $13.86 and a 200 day moving average price of $13.54. The company has a market cap of $4.82 billion, a price-to-earnings ratio of 28.83 and a beta of 1.16.
The business also recently announced a quarterly dividend, which was paid on Thursday, October 5th. Investors of record on Friday, September 15th were paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 1.93%. The ex-dividend date of this dividend was Thursday, September 14th. Graphic Packaging Holding’s dividend payout ratio is presently 57.69%.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in Graphic Packaging Holding by 3.7% during the first quarter. Vanguard Group Inc. now owns 25,103,563 shares of the industrial products company’s stock worth $323,083,000 after acquiring an additional 896,031 shares in the last quarter. Boston Partners boosted its stake in Graphic Packaging Holding by 24.7% during the second quarter. Boston Partners now owns 22,667,228 shares of the industrial products company’s stock worth $312,354,000 after acquiring an additional 4,496,306 shares in the last quarter. BlackRock Inc. boosted its stake in Graphic Packaging Holding by 16,552.6% during the first quarter. BlackRock Inc. now owns 14,893,409 shares of the industrial products company’s stock worth $191,677,000 after acquiring an additional 14,803,973 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Graphic Packaging Holding by 8.4% during the second quarter. JPMorgan Chase & Co. now owns 8,994,618 shares of the industrial products company’s stock worth $123,946,000 after acquiring an additional 696,161 shares in the last quarter. Finally, Janus Henderson Group PLC bought a new position in Graphic Packaging Holding during the second quarter worth $116,776,000. 94.97% of the stock is currently owned by institutional investors and hedge funds.
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.
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