Graphic Packaging (NYSE:GPK) Issues Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Key Points

• Graphic Packaging beat quarterly expectations: The company reported earnings of $0.23 per share, $0.01 above consensus, while revenue reached $2.19 billion versus the $2.17 billion estimate.
• Shares remain near their 52-week low: GPK opened at $9.30, compared with a 52-week range of $8.15 to $17.22. The company has a market capitalization of approximately $2.75 billion and carries a debt-to-equity ratio of 1.58.
• Analyst sentiment is largely negative: The stock has a consensus “Reduce” rating from MarketBeat, with one Buy, eight Hold, and three Sell ratings, and a consensus price target of $10.29.

Graphic Packaging (NYSE:GPK - Get Free Report) posted its earnings results on Tuesday. The industrial products company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.22 by $0.01, Zacks reports. Graphic Packaging had a net margin of 2.25% and a return on equity of 9.95%. The business had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.17 billion.

Graphic Packaging Stock Performance

NYSE:GPK opened at $9.30 on Tuesday. The company has a market capitalization of $2.75 billion, a PE ratio of 7.76 and a beta of 0.66. The company has a 50 day simple moving average of $9.42 and a two-hundred day simple moving average of $10.70. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.60 and a current ratio of 1.38. Graphic Packaging has a fifty-two week low of $8.15 and a fifty-two week high of $17.22.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. JPMorgan Chase & Co. upgraded shares of Graphic Packaging from a "neutral" rating to an "overweight" rating and decreased their price target for the company from $12.50 to $11.50 in a research report on Wednesday, September 23rd. Weiss Ratings reiterated a "sell (d+)" rating on shares of Graphic Packaging in a report on Monday, September 21st. Royal Bank Of Canada reduced their price objective on shares of Graphic Packaging from $10.00 to $9.00 and set a "sector perform" rating on the stock in a research note on Tuesday, October 13th. Wells Fargo & Company decreased their price objective on Graphic Packaging from $10.00 to $9.00 and set an "underweight" rating for the company in a report on Monday, October 19th. Finally, UBS Group lowered their target price on Graphic Packaging from $12.00 to $9.50 and set a "neutral" rating for the company in a research report on Monday, October 5th. One analyst has rated the stock with a Buy rating, eight have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, Graphic Packaging has a consensus rating of "Reduce" and a consensus target price of $10.29.

Graphic Packaging Company Profile

Graphic Packaging Holding Company, through its subsidiary Graphic Packaging International, develops and manufactures fiber-based packaging products for consumer goods companies. Its offerings include paperboard folding cartons, beverage carriers, cups, foodservice packaging, and other packaging solutions designed for products sold in grocery, foodservice, beverage, and household markets.

The company serves brand owners and manufacturers across a range of end markets, including food, beverage, consumer packaged goods, and foodservice.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.