Greif Bros. (NYSE:GEF.B) Stock Price Passes Above 50 Day Moving Average - Should You Sell?

Key Points

• Greif Bros. Corporation has seen its stock price cross above the 50-day moving average, currently trading at $69.48, up by 0.8% with a market capitalization of $3.30 billion.
• In its latest quarterly earnings, Greif reported an EPS of $1.19 and revenue of $1.39 billion, highlighting a return on equity of 10.21%.
• The company declared a quarterly dividend of $0.81, providing an annualized yield of 4.7%, with a dividend payout ratio of 89.50%.

Greif Bros. Corporation (NYSE:GEF.B - Get Free Report)'s share price crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $69.02 and traded as high as $69.75. Greif Bros. shares last traded at $69.48, with a volume of 4,599 shares traded.

Greif Bros. Stock Down 1.4%

The stock has a market cap of $3.34 billion, a P/E ratio of 19.42 and a beta of 0.88. The company has a quick ratio of 0.96, a current ratio of 1.27 and a debt-to-equity ratio of 1.07. The business has a 50-day simple moving average of $69.23 and a 200-day simple moving average of $62.94.

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

Greif Bros. Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 17th were given a dividend of $0.81 per share. The ex-dividend date of this dividend was Tuesday, June 17th. This represents a $3.24 dividend on an annualized basis and a yield of 4.6%. Greif Bros.'s dividend payout ratio is presently 89.50%.

Greif Bros. Company Profile

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.