Greif Bros. (NYSE:GEF.B) Sees Large Volume Increase - Still a Buy?

Key Points

• Greif Bros. Corporation experienced a significant increase in trading volume, with 40,078 shares changing hands, marking a 442% rise from the previous session.
• The company reported an earnings per share (EPS) of $1.19 for the last quarter, alongside a net margin of 3.74% and revenue of $1.39 billion.
• Greif Bros. declared a quarterly dividend of $0.81, equating to an annualized dividend yield of 4.89%.

Shares of Greif Bros. Corporation (NYSE:GEF.B - Get Free Report) saw an uptick in trading volume on Wednesday . 40,078 shares changed hands during trading, an increase of 442% from the previous session's volume of 7,392 shares.The stock last traded at $66.81 and had previously closed at $68.37.

Greif Bros. Stock Down 2.3%

The firm has a market cap of $3.04 billion, a P/E ratio of 17.71 and a beta of 0.88. The business's fifty day moving average price is $67.35 and its two-hundred day moving average price is $62.42. The company has a current ratio of 1.27, a quick ratio of 0.96 and a debt-to-equity ratio of 1.07.

Greif Bros. (NYSE:GEF.B - Get Free Report) last posted its earnings results on Wednesday, June 4th. The industrial products company reported $1.19 earnings per share (EPS) for the quarter. Greif Bros. had a net margin of 3.74% and a return on equity of 10.21%. The business had revenue of $1.39 billion for the quarter.

Greif Bros. Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Tuesday, June 17th were paid a $0.81 dividend. The ex-dividend date was Tuesday, June 17th. This represents a $3.24 dividend on an annualized basis and a yield of 5.1%. 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.