Equities research analysts expect Graphic Packaging Holding (NYSE:GPK) to report earnings per share of $0.18 for the current quarter, Zacks reports. Two analysts have made estimates for Graphic Packaging’s earnings, with the highest EPS estimate coming in at $0.19 and the lowest estimate coming in at $0.17. Graphic Packaging posted earnings of $0.14 per share during the same quarter last year, which indicates a positive year over year growth rate of 28.6%. The business is expected to report its next quarterly earnings report on Tuesday, April 24th.
According to Zacks, analysts expect that Graphic Packaging will report full-year earnings of $0.87 per share for the current year, with EPS estimates ranging from $0.83 to $0.92. For the next financial year, analysts forecast that the firm will report earnings of $0.99 per share, with EPS estimates ranging from $0.79 to $1.23. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that cover Graphic Packaging.
Graphic Packaging (NYSE:GPK) last issued its quarterly earnings data on Tuesday, February 6th. The industrial products company reported $0.17 EPS for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.02). The business had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.11 billion. Graphic Packaging had a net margin of 6.82% and a return on equity of 17.09%. Graphic Packaging’s revenue was up 5.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.14 earnings per share.
GPK has been the topic of several analyst reports. Citigroup decreased their price target on shares of Graphic Packaging from $19.00 to $18.00 and set a “buy” rating on the stock in a research note on Thursday. ValuEngine raised shares of Graphic Packaging from a “hold” rating to a “buy” rating in a research note on Tuesday, April 3rd. Royal Bank of Canada reaffirmed a “buy” rating and set a $19.00 price target on shares of Graphic Packaging in a research note on Thursday, February 1st. BMO Capital Markets reaffirmed a “buy” rating and set a $18.00 price target on shares of Graphic Packaging in a research note on Thursday, January 25th. Finally, Zacks Investment Research raised shares of Graphic Packaging from a “sell” rating to a “hold” rating and set a $18.00 price target on the stock in a research note on Monday, January 8th. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $17.31.
In related news, SVP Joseph P. Yost sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, March 2nd. The shares were sold at an average price of $15.00, for a total value of $750,000.00. Following the transaction, the senior vice president now owns 306,926 shares in the company, valued at $4,603,890. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Alan R. Nichols sold 150,000 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $15.50, for a total transaction of $2,325,000.00. Following the completion of the transaction, the senior vice president now owns 123,885 shares in the company, valued at approximately $1,920,217.50. The disclosure for this sale can be found here. Insiders sold 215,137 shares of company stock worth $3,311,137 over the last three months. Corporate insiders own 1.02% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of GPK. Canyon Capital Advisors LLC raised its holdings in Graphic Packaging by 85.2% in the fourth quarter. Canyon Capital Advisors LLC now owns 13,330,720 shares of the industrial products company’s stock valued at $205,960,000 after buying an additional 6,132,069 shares during the period. ArrowMark Colorado Holdings LLC raised its holdings in Graphic Packaging by 929.3% in the fourth quarter. ArrowMark Colorado Holdings LLC now owns 5,609,827 shares of the industrial products company’s stock valued at $86,672,000 after buying an additional 5,064,827 shares during the period. Renaissance Technologies LLC raised its holdings in Graphic Packaging by 128.4% in the fourth quarter. Renaissance Technologies LLC now owns 2,181,518 shares of the industrial products company’s stock valued at $33,704,000 after buying an additional 1,226,429 shares during the period. Citadel Advisors LLC raised its holdings in Graphic Packaging by 123.8% in the fourth quarter. Citadel Advisors LLC now owns 2,078,232 shares of the industrial products company’s stock valued at $32,109,000 after buying an additional 1,149,640 shares during the period. Finally, Monarch Partners Asset Management LLC purchased a new position in Graphic Packaging in the fourth quarter valued at approximately $17,666,000. Hedge funds and other institutional investors own 99.83% of the company’s stock.
Shares of NYSE GPK opened at $15.37 on Friday. The stock has a market capitalization of $4,760.33, a P/E ratio of 24.40, a price-to-earnings-growth ratio of 3.53 and a beta of 1.15. Graphic Packaging has a 52 week low of $12.65 and a 52 week high of $16.74. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.63 and a current ratio of 1.37.
The business also recently announced a quarterly dividend, which was paid on Thursday, April 5th. Investors of record on Thursday, March 15th were given a $0.075 dividend. The ex-dividend date of this dividend was Wednesday, March 14th. This represents a $0.30 annualized dividend and a dividend yield of 1.95%. Graphic Packaging’s dividend payout ratio is presently 47.62%.
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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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