Greif (NYSE:GEF.B - Get Free Report) issued its quarterly earnings results on Wednesday. The industrial products company reported $1.19 EPS for the quarter, Zacks reports. The business had revenue of $1.39 billion during the quarter. Greif had a net margin of 4.81% and a return on equity of 11.84%.
Greif Stock Performance
Shares of Greif stock traded up $6.81 on Thursday, reaching $65.82. The stock had a trading volume of 21,744 shares, compared to its average volume of 11,950. The stock has a market cap of $3.12 billion, a P/E ratio of 12.91 and a beta of 0.78. Greif has a fifty-two week low of $52.37 and a fifty-two week high of $77.21. The business's 50-day moving average price is $57.84 and its two-hundred day moving average price is $62.92. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.13 and a current ratio of 1.53.
Greif Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 17th will be given a $0.81 dividend. This represents a $3.24 annualized dividend and a yield of 4.92%. The ex-dividend date is Tuesday, June 17th. Greif's dividend payout ratio is 90.76%.
About Greif
(
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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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