Brokerages predict that Graphic Packaging Holding (NYSE:GPK) will post $1.65 billion in sales for the current quarter, according to Zacks. Five analysts have made estimates for Graphic Packaging's earnings, with the highest sales estimate coming in at $1.68 billion and the lowest estimate coming in at $1.61 billion. Graphic Packaging reported sales of $1.58 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 4.4%. The business is expected to announce its next quarterly earnings results before the market opens on Tuesday, October 20th.
According to Zacks, analysts expect that Graphic Packaging will report full-year sales of $6.44 billion for the current year, with estimates ranging from $6.35 billion to $6.48 billion. For the next fiscal year, analysts expect that the business will post sales of $6.53 billion, with estimates ranging from $6.44 billion to $6.61 billion. Zacks' sales averages are a mean average based on a survey of sell-side analysts that follow Graphic Packaging.
Graphic Packaging (NYSE:GPK) last issued its earnings results on Tuesday, July 21st. The industrial products company reported $0.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.19 by $0.07. The company had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.58 billion. Graphic Packaging had a net margin of 1.97% and a return on equity of 14.13%. The company's revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter last year, the business posted $0.24 EPS.
A number of equities research analysts have issued reports on GPK shares. Jefferies Financial Group lowered shares of Graphic Packaging from a "buy" rating to a "hold" rating and set a $15.00 target price for the company. in a research note on Monday, July 13th. Seaport Global Securities raised shares of Graphic Packaging from a "neutral" rating to a "buy" rating and set a $18.00 price objective for the company in a research note on Tuesday, September 8th. DA Davidson reaffirmed a "buy" rating on shares of Graphic Packaging in a research note on Wednesday, July 22nd. Zacks Investment Research raised shares of Graphic Packaging from a "hold" rating to a "buy" rating and set a $16.00 price objective for the company in a research note on Wednesday, October 7th. Finally, TheStreet raised shares of Graphic Packaging from a "c" rating to a "b-" rating in a research note on Tuesday, July 21st. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of "Buy" and a consensus target price of $16.29.
A number of institutional investors have recently added to or reduced their stakes in the business. Private Advisor Group LLC bought a new position in shares of Graphic Packaging during the 2nd quarter worth about $40,000. New York State Teachers Retirement System bought a new position in shares of Graphic Packaging during the 2nd quarter worth about $59,000. 1776 Wealth LLC bought a new position in shares of Graphic Packaging during the 2nd quarter worth about $65,000. Paradigm Asset Management Co. LLC bought a new position in shares of Graphic Packaging during the 2nd quarter worth about $73,000. Finally, Meeder Asset Management Inc. increased its holdings in shares of Graphic Packaging by 9,790.2% during the 1st quarter. Meeder Asset Management Inc. now owns 6,033 shares of the industrial products company's stock worth $74,000 after purchasing an additional 5,972 shares during the period. 96.09% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE:GPK opened at $14.47 on Friday. The firm has a fifty day moving average of $14.16 and a two-hundred day moving average of $13.82. The firm has a market capitalization of $4.03 billion, a P/E ratio of 32.89, a price-to-earnings-growth ratio of 0.55 and a beta of 1.16. Graphic Packaging has a 12-month low of $10.40 and a 12-month high of $16.95. The company has a quick ratio of 0.53, a current ratio of 1.27 and a debt-to-equity ratio of 1.49.
The company also recently announced a quarterly dividend, which was paid on Monday, October 5th. Shareholders of record on Tuesday, September 15th were given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date of this dividend was Monday, September 14th. Graphic Packaging's dividend payout ratio is 34.48%.
About Graphic Packaging
Graphic Packaging Holding Company, together with its subsidiaries, provides paper-based packaging solutions to food, beverage, foodservice, and other consumer products companies. It operates through three segments: Paperboard Mills, Americas Paperboard Packaging, and Europe Paperboard Packaging. The company offers coated unbleached kraft (CUK), coated recycled paperboard (CRB), and solid bleached sulfate paperboard (SBS) to various paperboard packaging converters and brokers; and paperboard packaging products, such as folding cartons, cups, lids, and food containers primarily to consumer packaged goods, quick-service restaurants, and foodservice companies.
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