Graphic Packaging (GPK) to Release Earnings on Tuesday

Graphic Packaging (NYSE:GPK - Get Free Report) will be issuing its quarterly earnings data before the market opens on Tuesday, April 30th. Analysts expect the company to announce earnings of $0.63 per share for the quarter. Graphic Packaging has set its FY24 guidance at $2.50 to $3.00 EPS and its FY 2024 guidance at 2.500-3.000 EPS.Investors that wish to listen to the company's conference call can do so using this link.

Graphic Packaging (NYSE:GPK - Get Free Report) last announced its quarterly earnings data on Tuesday, February 20th. The industrial products company reported $0.75 EPS for the quarter, beating analysts' consensus estimates of $0.69 by $0.06. The firm had revenue of $2.25 billion during the quarter, compared to the consensus estimate of $2.40 billion. Graphic Packaging had a net margin of 7.67% and a return on equity of 35.66%. The firm's revenue was down 5.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.59 earnings per share. On average, analysts expect Graphic Packaging to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Graphic Packaging Stock Performance

NYSE:GPK traded down $0.32 during mid-day trading on Tuesday, reaching $27.07. The stock had a trading volume of 1,943,468 shares, compared to its average volume of 2,812,155. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.42 and a current ratio of 1.10. The firm has a market capitalization of $8.32 billion, a price-to-earnings ratio of 11.53 and a beta of 0.84. Graphic Packaging has a twelve month low of $20.07 and a twelve month high of $29.50. The business has a 50 day simple moving average of $27.21 and a 200 day simple moving average of $24.80.

Graphic Packaging Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 15th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.48%. Graphic Packaging's payout ratio is 17.02%.

Insiders Place Their Bets

In other Graphic Packaging news, EVP Joseph P. Yost sold 70,000 shares of Graphic Packaging stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $26.20, for a total value of $1,834,000.00. Following the completion of the sale, the executive vice president now directly owns 205,231 shares of the company's stock, valued at approximately $5,377,052.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.20% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have recently issued reports on GPK. Citigroup lifted their price target on shares of Graphic Packaging from $32.00 to $34.00 and gave the company a "buy" rating in a research report on Thursday, April 4th. StockNews.com downgraded Graphic Packaging from a "buy" rating to a "hold" rating in a research report on Thursday, February 22nd. Wells Fargo & Company restated an "underweight" rating and set a $21.00 price objective on shares of Graphic Packaging in a research report on Monday, April 1st. Finally, Robert W. Baird lifted their price objective on Graphic Packaging from $28.00 to $30.00 and gave the stock an "outperform" rating in a research report on Thursday, February 22nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Graphic Packaging presently has an average rating of "Hold" and an average price target of $28.44.

Graphic Packaging Company Profile

Graphic Packaging Holding Company, together with its subsidiaries, designs, produces, and sells consumer packaging products to brands in food, beverage, foodservice, household, and other consumer products. It operates through three segments: Paperboard Manufacturing, Americas Paperboard Packaging, and Europe Paperboard Packaging.