Equities analysts forecast that Graphic Packaging Holding Company (NYSE:GPK) will post $0.20 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Graphic Packaging Holding’s earnings. The lowest EPS estimate is $0.18 and the highest is $0.21. Graphic Packaging Holding reported earnings per share of $0.14 during the same quarter last year, which would indicate a positive year over year growth rate of 42.9%. The company is scheduled to announce its next earnings report on Tuesday, February 6th.
According to Zacks, analysts expect that Graphic Packaging Holding will report full-year earnings of $0.66 per share for the current fiscal year, with EPS estimates ranging from $0.63 to $0.68. For the next fiscal year, analysts forecast that the company will post earnings of $0.87 per share, with EPS estimates ranging from $0.80 to $1.00. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Graphic Packaging Holding.
Graphic Packaging Holding (NYSE:GPK) last announced its quarterly earnings results on Tuesday, October 24th. The industrial products company reported $0.18 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.18. The firm had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.11 billion. Graphic Packaging Holding had a return on equity of 17.27% and a net margin of 3.70%. The business’s revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.20 earnings per share.
A number of equities research analysts have recently issued reports on GPK shares. Stephens started coverage on Graphic Packaging Holding in a report on Tuesday, October 24th. They set an “overweight” rating and a $17.00 price objective for the company. KeyCorp restated a “hold” rating on shares of Graphic Packaging Holding in a 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 report on Thursday, October 12th. BidaskClub cut Graphic Packaging Holding from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Finally, BMO Capital Markets restated a “buy” rating and set a $15.50 price objective on shares of Graphic Packaging Holding in a report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the stock. Graphic Packaging Holding has a consensus rating of “Buy” and an average target price of $16.13.
In related news, VP Deborah R. Frank sold 38,266 shares of the business’s stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $15.51, for a total value of $593,505.66. Following the completion of the sale, the vice president now directly owns 77,139 shares in the company, valued at $1,196,425.89. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 1.02% of the company’s stock.
Hedge funds have recently modified their holdings of the stock. Bank of New York Mellon Corp boosted its stake in shares of Graphic Packaging Holding by 10.1% in the second quarter. Bank of New York Mellon Corp now owns 2,246,774 shares of the industrial products company’s stock valued at $30,961,000 after buying an additional 205,991 shares during the period. American Century Companies Inc. boosted its stake in shares of Graphic Packaging Holding by 16.2% in the second quarter. American Century Companies Inc. now owns 4,634,520 shares of the industrial products company’s stock valued at $63,864,000 after buying an additional 644,863 shares during the period. BlackRock Inc. boosted its stake in shares of Graphic Packaging Holding by 16,552.6% in the first quarter. BlackRock Inc. now owns 14,893,409 shares of the industrial products company’s stock valued at $191,677,000 after buying an additional 14,803,973 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of Graphic Packaging Holding by 292.7% in the second quarter. Ameriprise Financial Inc. now owns 2,816,525 shares of the industrial products company’s stock valued at $38,816,000 after buying an additional 2,099,223 shares during the period. Finally, Shell Asset Management Co. boosted its stake in shares of Graphic Packaging Holding by 34.3% in the third quarter. Shell Asset Management Co. now owns 269,408 shares of the industrial products company’s stock valued at $3,349,000 after buying an additional 68,843 shares during the period. Institutional investors and hedge funds own 98.23% of the company’s stock.
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Graphic Packaging Holding (NYSE GPK) opened at $15.47 on Friday. The firm has a market capitalization of $4,834.63, a P/E ratio of 25.59, a price-to-earnings-growth ratio of 4.75 and a beta of 1.20. The company has a current ratio of 1.50, a quick ratio of 0.74 and a debt-to-equity ratio of 1.96. Graphic Packaging Holding has a 12-month low of $12.00 and a 12-month high of $15.85.
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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