Greif Bros. (NYSE:GEF.B) Share Price Passes Below 50-Day Moving Average - Here's What Happened

Key Points

• Greif Bros. shares fell below their fifty-day moving average of $65.88, trading as low as $62.31, indicating potential bearish sentiment in the market.
• The company reported a quarterly earnings per share of $1.03 and a revenue of $1.13 billion, highlighting a net margin of 3.52% and a return on equity of 10.09%.
• Greif Bros. recently increased its quarterly dividend to $0.84 per share, enhancing its annualized dividend to $3.36, reflecting a dividend yield of 5.4% and a payout ratio of 92.82%.

Greif Bros. Corporation (NYSE:GEF.B - Get Free Report) shares passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $65.88 and traded as low as $62.31. Greif Bros. shares last traded at $62.61, with a volume of 3,732 shares.

Greif Bros. Trading Up 0.4%

The business's 50-day moving average price is $65.88 and its 200-day moving average price is $63.57. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.41 and a quick ratio of 1.18. The firm has a market capitalization of $2.97 billion, a PE ratio of 19.44 and a beta of 0.87.

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

Greif Bros. Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Tuesday, September 16th were issued a dividend of $0.84 per share. This represents a $3.36 dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date was Tuesday, September 16th. This is an increase from Greif Bros.'s previous quarterly dividend of $0.81. Greif Bros.'s dividend payout ratio (DPR) is presently 92.82%.

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.

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