Graphic Packaging (NYSE:GPK) will release its earnings data before the market opens on Tuesday, October 23rd. Analysts expect Graphic Packaging to post earnings of $0.25 per share for the quarter.
Graphic Packaging (NYSE:GPK) last released its earnings results on Tuesday, July 24th. The industrial products company reported $0.18 EPS for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.02). The firm had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.56 billion. Graphic Packaging had a net margin of 5.74% and a return on equity of 13.05%. The company’s revenue for the quarter was up 37.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.15 EPS. On average, analysts expect Graphic Packaging to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
GPK opened at $12.71 on Friday. The company has a market capitalization of $3.96 billion, a PE ratio of 20.17, a PEG ratio of 1.00 and a beta of 1.08. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.77 and a quick ratio of 0.81. Graphic Packaging has a 52 week low of $12.46 and a 52 week high of $16.74.
The company also recently announced a quarterly dividend, which was paid on Friday, October 5th. Stockholders of record on Saturday, September 15th were paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date of this dividend was Thursday, September 13th. Graphic Packaging’s payout ratio is presently 47.62%.
A number of research firms have recently commented on GPK. Zacks Investment Research upgraded Graphic Packaging from a “hold” rating to a “buy” rating and set a $14.00 target price for the company in a research note on Tuesday, October 16th. ValuEngine cut Graphic Packaging from a “hold” rating to a “sell” rating in a research note on Wednesday, October 3rd. Bank of America lowered their price objective on Graphic Packaging from $17.00 to $16.50 and set a “buy” rating for the company in a research note on Wednesday, July 25th. Finally, Citigroup lowered their price objective on Graphic Packaging from $18.00 to $17.00 and set a “buy” rating for the company in a research note on Wednesday, July 25th. One research analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the stock. Graphic Packaging has an average rating of “Buy” and an average price target of $17.44.
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.
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