Greif (NYSE:GEF) released its earnings results on Wednesday. The industrial products company reported $1.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.19 by ($0.11), Morningstar.com reports. Greif had a net margin of 5.26% and a return on equity of 18.10%.
Shares of NYSE:GEF opened at $49.92 on Thursday. The company has a quick ratio of 1.09, a current ratio of 1.58 and a debt-to-equity ratio of 0.88. Greif has a 1 year low of $44.66 and a 1 year high of $65.60. The firm has a market cap of $2.39 billion, a P/E ratio of 16.92, a PEG ratio of 1.48 and a beta of 1.30.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 1st. Investors of record on Tuesday, December 18th will be issued a dividend of $0.44 per share. The ex-dividend date is Monday, December 17th. This represents a $1.76 annualized dividend and a dividend yield of 3.53%. Greif’s dividend payout ratio is 59.66%.
GEF has been the subject of several recent research reports. KeyCorp reiterated a “sell” rating and set a $50.00 price objective on shares of Greif in a report on Thursday, August 30th. Zacks Investment Research lowered Greif from a “hold” rating to a “sell” rating in a report on Monday, November 19th. Finally, Wells Fargo & Co set a $65.00 price objective on Greif and gave the stock a “buy” rating in a report on Thursday, October 18th. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $62.43.
Several large investors have recently made changes to their positions in the stock. Point72 Hong Kong Ltd raised its holdings in Greif by 191.1% during the third quarter. Point72 Hong Kong Ltd now owns 2,000 shares of the industrial products company’s stock valued at $107,000 after buying an additional 1,313 shares in the last quarter. Itau Unibanco Holding S.A. bought a new position in Greif during the second quarter valued at about $162,000. Vident Investment Advisory LLC bought a new position in Greif during the third quarter valued at about $241,000. Commonwealth Bank of Australia bought a new position in Greif during the third quarter valued at about $241,000. Finally, Acadian Asset Management LLC raised its holdings in Greif by 2,472.1% during the second quarter. Acadian Asset Management LLC now owns 4,887 shares of the industrial products company’s stock valued at $258,000 after buying an additional 4,697 shares in the last quarter. Institutional investors and hedge funds own 48.21% of the company’s stock.
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Greif Company Profile
Greif, Inc produces and sells industrial packaging products and services worldwide. It operates in four segments: Rigid Industrial Packaging & Services; Paper Packaging & Services; Flexible Products & Services; and Land Management. The Rigid Industrial Packaging & Services segment offers rigid industrial packaging products, including steel, fiber, and plastic drums; rigid intermediate bulk containers; closure systems for industrial packaging products; transit protection products; water bottles, and remanufactured and reconditioned industrial containers; and services, such as container life cycle management, filling, logistics, warehousing, and other packaging services.
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