Wall Street brokerages expect Graphic Packaging Holding (NYSE:GPK) to announce earnings per share of $0.19 for the current quarter, according to Zacks. Four analysts have made estimates for Graphic Packaging’s earnings. The highest EPS estimate is $0.20 and the lowest is $0.18. Graphic Packaging reported earnings per share of $0.17 during the same quarter last year, which would suggest a positive year over year growth rate of 11.8%. The business is expected to issue its next quarterly earnings results on Tuesday, February 5th.
On average, analysts expect that Graphic Packaging will report full-year earnings of $0.78 per share for the current financial year, with EPS estimates ranging from $0.75 to $0.84. For the next year, analysts expect that the business will report earnings of $0.91 per share, with EPS estimates ranging from $0.81 to $1.20. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover Graphic Packaging.
Graphic Packaging (NYSE:GPK) last issued its earnings results on Tuesday, October 23rd. The industrial products company reported $0.22 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.02). The company had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.58 billion. Graphic Packaging had a return on equity of 11.90% and a net margin of 6.18%. Graphic Packaging’s revenue was up 34.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.18 EPS.
A number of equities research analysts recently issued reports on GPK shares. ValuEngine downgraded shares of Graphic Packaging from a “hold” rating to a “sell” rating in a research note on Wednesday, October 3rd. Deutsche Bank set a $15.00 price target on shares of Graphic Packaging and gave the company a “buy” rating in a research note on Wednesday, October 24th. Zacks Investment Research raised shares of Graphic Packaging from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a research note on Tuesday, October 16th. Vertical Research set a $18.00 price target on shares of Graphic Packaging and gave the company a “buy” rating in a research note on Tuesday, October 23rd. Finally, Citigroup decreased their price target on shares of Graphic Packaging from $18.00 to $17.00 and set a “buy” rating on the stock in a research note on Wednesday, July 25th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $16.94.
In other Graphic Packaging news, Director Larry M. Venturelli purchased 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 25th. The shares were bought at an average price of $10.59 per share, with a total value of $264,750.00. Following the completion of the purchase, the director now directly owns 47,993 shares in the company, valued at $508,245.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.62% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently made changes to their positions in GPK. NumerixS Investment Technologies Inc raised its stake in shares of Graphic Packaging by 2,633.3% in the second quarter. NumerixS Investment Technologies Inc now owns 8,200 shares of the industrial products company’s stock valued at $119,000 after acquiring an additional 7,900 shares during the period. WealthTrust Fairport LLC purchased a new stake in shares of Graphic Packaging in the second quarter valued at $146,000. CIBC Asset Management Inc purchased a new stake in shares of Graphic Packaging in the second quarter valued at $148,000. IFP Advisors Inc raised its stake in shares of Graphic Packaging by 831.0% in the third quarter. IFP Advisors Inc now owns 12,066 shares of the industrial products company’s stock valued at $169,000 after acquiring an additional 10,770 shares during the period. Finally, Pwmco LLC purchased a new stake in shares of Graphic Packaging in the second quarter valued at $176,000. 99.32% of the stock is currently owned by institutional investors and hedge funds.
Graphic Packaging stock traded up $0.40 during mid-day trading on Tuesday, reaching $11.69. 11,265,673 shares of the company’s stock traded hands, compared to its average volume of 3,676,252. The company has a market cap of $3.52 billion, a price-to-earnings ratio of 18.56, a PEG ratio of 1.12 and a beta of 1.35. The company has a quick ratio of 0.79, a current ratio of 1.67 and a debt-to-equity ratio of 1.27. Graphic Packaging has a 12-month low of $10.04 and a 12-month high of $16.74.
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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