Greif Bros. (NYSE:GEF.B) Sees Unusually-High Trading Volume - Should You Buy?

Key Points

• Greif Bros. Corporation experienced a significant increase in trading volume, with approximately 11,434 shares changing hands, marking a 45% rise from the previous session.
• The company recently reported a $1.03 earnings per share for the last quarter, with revenues reaching $1.13 billion.
• Greif Bros. announced an increase in its quarterly dividend to $0.84, with a yield of 5.3%, up from the previous dividend of $0.81.

Shares of Greif Bros. Corporation (NYSE:GEF.B - Get Free Report) saw an uptick in trading volume on Thursday . 11,434 shares changed hands during mid-day trading, an increase of 45% from the previous session's volume of 7,899 shares.The stock last traded at $62.88 and had previously closed at $62.28.

Greif Bros. Price Performance

The firm has a market capitalization of $2.96 billion, a P/E ratio of 19.35 and a beta of 0.89. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.18 and a current ratio of 1.41. The firm has a 50-day moving average of $68.01 and a 200-day moving average of $63.30.

Greif Bros. (NYSE:GEF.B - Get Free Report) last released its quarterly earnings data on Wednesday, August 27th. The industrial products company reported $1.03 earnings per share (EPS) for the quarter. The business had revenue of $1.13 billion for the quarter. Greif Bros. had a return on equity of 10.09% and a net margin of 3.52%.

Greif Bros. Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Tuesday, September 16th will be paid a dividend of $0.84 per share. The ex-dividend date is Tuesday, September 16th. This represents a $3.36 dividend on an annualized basis and a yield of 5.4%. This is a boost from Greif Bros.'s previous quarterly dividend of $0.81. Greif Bros.'s dividend payout ratio (DPR) is presently 89.50%.

About Greif Bros.

Greif, Inc produces and sells industrial packaging products and services worldwide. It operates through 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.