Greif, Inc. (GEF) Expected to Announce Earnings of $0.84 Per Share

Analysts predict that Greif, Inc. (NYSE:GEF) will post $0.84 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Greif’s earnings. The lowest EPS estimate is $0.82 and the highest is $0.86. Greif reported earnings per share of $0.67 in the same quarter last year, which suggests a positive year-over-year growth rate of 25.4%. The business is expected to report its next quarterly earnings results on Wednesday, June 6th.

According to Zacks, analysts expect that Greif will report full-year earnings of $3.37 per share for the current financial year, with EPS estimates ranging from $3.27 to $3.50. For the next fiscal year, analysts anticipate that the company will post earnings of $3.85 per share, with EPS estimates ranging from $3.27 to $4.22. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that follow Greif.

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Greif (NYSE:GEF) last announced its quarterly earnings results on Wednesday, February 28th. The industrial products company reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.17). The firm had revenue of $905.70 million during the quarter, compared to analyst estimates of $867.24 million. Greif had a net margin of 4.56% and a return on equity of 16.63%. The business’s revenue was up 10.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.45 EPS.

GEF has been the subject of a number of research reports. KeyCorp restated a “sell” rating and set a $47.00 target price on shares of Greif in a research note on Tuesday, February 20th. Bank of America upgraded shares of Greif from a “neutral” rating to a “buy” rating and set a $70.00 target price for the company in a research note on Tuesday, January 2nd. They noted that the move was a valuation call. Finally, BMO Capital Markets upgraded shares of Greif from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $57.00 to $60.00 in a research note on Monday, April 2nd. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $63.20.

Several hedge funds and other institutional investors have recently bought and sold shares of GEF. Public Employees Retirement System of Ohio lifted its stake in shares of Greif by 477.2% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 25,450 shares of the industrial products company’s stock worth $1,490,000 after buying an additional 21,041 shares during the last quarter. Alpha Windward LLC lifted its stake in shares of Greif by 16.7% during the 4th quarter. Alpha Windward LLC now owns 9,660 shares of the industrial products company’s stock worth $585,000 after buying an additional 1,380 shares during the last quarter. SG Americas Securities LLC lifted its stake in shares of Greif by 214.2% during the 4th quarter. SG Americas Securities LLC now owns 11,558 shares of the industrial products company’s stock worth $700,000 after buying an additional 7,880 shares during the last quarter. LSV Asset Management lifted its stake in shares of Greif by 73.2% during the 4th quarter. LSV Asset Management now owns 71,200 shares of the industrial products company’s stock worth $4,313,000 after buying an additional 30,100 shares during the last quarter. Finally, Algert Global LLC bought a new position in Greif during the fourth quarter worth about $3,235,000. Institutional investors own 51.24% of the company’s stock.

Shares of GEF stock opened at $58.65 on Friday. The firm has a market capitalization of $2,755.80, a price-to-earnings ratio of 19.88, a PEG ratio of 1.97 and a beta of 1.21. The company has a quick ratio of 1.12, a current ratio of 1.65 and a debt-to-equity ratio of 0.90. Greif has a one year low of $47.97 and a one year high of $65.60.

The business also recently announced a quarterly dividend, which was paid on Sunday, April 1st. Stockholders of record on Monday, March 19th were paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date was Friday, March 16th. Greif’s dividend payout ratio is presently 56.95%.

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Greif Company Profile

Greif, Inc is a producer of industrial packaging products and services. The Company’s segments are Rigid Industrial Packaging & Services; Paper Packaging & Services; Flexible Products & Services, and Land Management. The Rigid Industrial Packaging & Services segment is engaged in the production and sale of rigid industrial packaging products, and services, such as container life cycle management, filling, logistics, warehousing and other packaging services.

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