Research Analysts Set Expectations for Graphic Packaging Holding’s FY2018 Earnings (GPK)

Graphic Packaging Holding (NYSE:GPK) – Equities researchers at DA Davidson boosted their FY2018 earnings per share (EPS) estimates for shares of Graphic Packaging in a report issued on Wednesday. DA Davidson analyst S. Chercover now expects that the industrial products company will post earnings per share of $0.94 for the year, up from their previous forecast of $0.85. DA Davidson also issued estimates for Graphic Packaging’s FY2019 earnings at $1.06 EPS.

GPK has been the topic of several other reports. Zacks Investment Research raised Graphic Packaging from a “sell” rating to a “hold” rating in a research note on Tuesday, September 26th. KeyCorp restated a “hold” rating on shares of Graphic Packaging in a report on Wednesday, October 4th. Royal Bank of Canada restated a “buy” rating and set a $15.00 price objective on shares of Graphic Packaging in a report on Tuesday, October 10th. Robert W. Baird boosted their price objective on Graphic Packaging from $16.00 to $18.00 and gave the company an “outperform” rating in a report on Wednesday, October 25th. Finally, Stephens initiated coverage on Graphic Packaging in a report on Tuesday, October 24th. They set an “overweight” rating and a $17.00 price objective for the company. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Graphic Packaging has an average rating of “Buy” and a consensus target price of $16.26.

Shares of Graphic Packaging (NYSE GPK) traded up $0.03 on Monday, reaching $15.83. The company’s stock had a trading volume of 3,611,500 shares, compared to its average volume of 2,898,575. Graphic Packaging has a 12-month low of $12.00 and a 12-month high of $16.11. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.74 and a current ratio of 1.50. The firm has a market capitalization of $4,902.77, a price-to-earnings ratio of 30.44, a PEG ratio of 3.63 and a beta of 1.19.

Graphic Packaging (NYSE:GPK) last posted its quarterly earnings data on Tuesday, October 24th. The industrial products company reported $0.18 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.18. The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.11 billion. Graphic Packaging had a return on equity of 17.27% and a net margin of 3.70%. The firm’s quarterly revenue was up 3.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.20 earnings per share.

The business also recently declared a quarterly dividend, which was paid on Friday, January 5th. Investors of record on Friday, December 15th were issued a dividend of $0.075 per share. The ex-dividend date was Thursday, December 14th. This represents a $0.30 annualized dividend and a yield of 1.90%. Graphic Packaging’s dividend payout ratio (DPR) is currently 57.69%.

In other Graphic Packaging news, VP Deborah R. Frank sold 38,266 shares of the company’s stock in a transaction 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 transaction, the vice president now owns 77,139 shares in the company, valued at approximately $1,196,425.89. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.02% of the stock is owned by corporate insiders.

A number of large investors have recently made changes to their positions in the business. Boston Partners grew its stake in Graphic Packaging by 2.5% in the 3rd quarter. Boston Partners now owns 23,242,239 shares of the industrial products company’s stock valued at $324,229,000 after purchasing an additional 575,011 shares during the period. American Century Companies Inc. lifted its position in shares of Graphic Packaging by 241.9% during the 3rd quarter. American Century Companies Inc. now owns 15,844,681 shares of the industrial products company’s stock valued at $221,033,000 after buying an additional 11,210,161 shares during the last quarter. Janus Henderson Group PLC lifted its position in shares of Graphic Packaging by 6.5% during the 3rd quarter. Janus Henderson Group PLC now owns 9,022,954 shares of the industrial products company’s stock valued at $125,871,000 after buying an additional 548,688 shares during the last quarter. Canyon Capital Advisors LLC purchased a new position in shares of Graphic Packaging during the 2nd quarter valued at $100,045,000. Finally, Vaughan Nelson Investment Management L.P. lifted its position in shares of Graphic Packaging by 1.0% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 6,197,050 shares of the industrial products company’s stock valued at $86,449,000 after buying an additional 60,750 shares during the last quarter. Hedge funds and other institutional investors own 96.88% of the company’s stock.

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About Graphic Packaging

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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