$1.57 Billion in Sales Expected for Graphic Packaging Holding (GPK) This Quarter

Brokerages expect Graphic Packaging Holding (NYSE:GPK) to report $1.57 billion in sales for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Graphic Packaging’s earnings, with estimates ranging from $1.54 billion to $1.61 billion. Graphic Packaging posted sales of $1.09 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 44%. The firm is scheduled to announce its next quarterly earnings results on Tuesday, July 24th.

According to Zacks, analysts expect that Graphic Packaging will report full year sales of $6.22 billion for the current year, with estimates ranging from $6.14 billion to $6.33 billion. For the next fiscal year, analysts forecast that the business will report sales of $6.37 billion per share, with estimates ranging from $6.25 billion to $6.56 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Graphic Packaging.

Graphic Packaging (NYSE:GPK) last issued its quarterly earnings results on Tuesday, April 24th. The industrial products company reported $0.19 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.02. The company had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.47 billion. Graphic Packaging had a net margin of 6.08% and a return on equity of 14.94%. Graphic Packaging’s quarterly revenue was up 39.0% compared to the same quarter last year. During the same period last year, the business earned $0.14 EPS.

GPK has been the subject of several research reports. Zacks Investment Research lowered shares of Graphic Packaging from a “hold” rating to a “sell” rating in a research note on Friday, March 16th. BMO Capital Markets decreased their price target on shares of Graphic Packaging from $18.00 to $17.00 and set an “outperform” rating for the company in a research note on Wednesday, February 7th. ValuEngine upgraded shares of Graphic Packaging from a “hold” rating to a “buy” rating in a research note on Tuesday, April 3rd. Citigroup decreased their price target on shares of Graphic Packaging from $19.00 to $18.00 and set a “buy” rating for the company in a research note on Thursday, April 5th. Finally, Royal Bank of Canada reiterated a “buy” rating and issued a $19.00 price target on shares of Graphic Packaging in a research note on Thursday, February 1st. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $17.44.

Shares of Graphic Packaging stock opened at $14.22 on Friday. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.82 and a quick ratio of 0.86. The stock has a market capitalization of $4.30 billion, a P/E ratio of 22.57, a price-to-earnings-growth ratio of 3.16 and a beta of 1.17. Graphic Packaging has a 1 year low of $12.65 and a 1 year high of $16.74.

In related news, SVP Joseph P. Yost sold 50,000 shares of the stock in a transaction dated Friday, March 2nd. The shares were sold at an average price of $15.00, for a total transaction of $750,000.00. Following the sale, the senior vice president now directly owns 306,926 shares of the company’s stock, valued at approximately $4,603,890. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Joseph P. Yost sold 15,137 shares of the stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $15.60, for a total transaction of $236,137.20. Following the sale, the senior vice president now directly owns 343,472 shares in the company, valued at $5,358,163.20. The disclosure for this sale can be found here. Insiders have sold a total of 215,137 shares of company stock worth $3,311,137 over the last three months. 0.62% of the stock is currently owned by insiders.

A number of hedge funds have recently made changes to their positions in the stock. Cortina Asset Management LLC grew its position in Graphic Packaging by 28.1% during the 1st quarter. Cortina Asset Management LLC now owns 241,013 shares of the industrial products company’s stock valued at $3,700,000 after purchasing an additional 52,882 shares during the last quarter. Citadel Advisors LLC grew its position in Graphic Packaging by 290.3% during the 1st quarter. Citadel Advisors LLC now owns 8,112,097 shares of the industrial products company’s stock valued at $124,521,000 after purchasing an additional 6,033,865 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in Graphic Packaging during the 1st quarter valued at about $254,000. BNP Paribas Arbitrage SA grew its position in Graphic Packaging by 14.4% during the 1st quarter. BNP Paribas Arbitrage SA now owns 139,822 shares of the industrial products company’s stock valued at $2,146,000 after purchasing an additional 17,626 shares during the last quarter. Finally, Citigroup Inc. grew its position in Graphic Packaging by 163.7% during the 1st quarter. Citigroup Inc. now owns 148,106 shares of the industrial products company’s stock valued at $2,274,000 after purchasing an additional 91,941 shares during the last quarter. 99.83% of the stock is currently owned by institutional investors.

About Graphic Packaging

Graphic Packaging Holding Company, together with its subsidiaries, provides paper-based packaging solutions to food, beverage, and other consumer products companies. It operates through three segments: Paperboard Mills, Americas Paperboard Packaging, and Europe Paperboard Packaging. The company offers coated unbleached kraft (CUK) and coated recycled paperboard (CRB) to various paperboard packaging converters and brokers; and paperboard packaging folding cartons primarily to consumer packaged goods companies.

Get a free copy of the Zacks research report on Graphic Packaging (GPK)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Graphic Packaging (NYSE:GPK)

Receive News & Ratings for Graphic Packaging Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Graphic Packaging and related companies with MarketBeat.com's FREE daily email newsletter.




Leave a Reply