Greif - GEF Stock Forecast, Price & News

Greif, Inc. engages in the production and sale of industrial packaging products and services worldwide. It operates in three segments: Global Industrial Packaging; Paper Packaging & Services; and Land Management. The Global Industrial Packaging segment produces and sells industrial packaging products, including steel, fiber, and plastic drums; rigid and flexible intermediate bulk containers; closure systems for industrial packaging products; transit protection products; water bottles, and remanufactured and reconditioned industrial containers; and various services, such as container life cycle management, filling, logistics, warehousing, and other packaging services to chemicals, paints and pigments, food and beverage, petroleum, industrial coatings, agriculture, pharmaceuticals, mineral product, and other industries. This segment also offers flexible intermediate bulk containers and related services to the agriculture, construction, and food industries. The Paper Packaging & Services segment produces and sells containerboards, corrugated sheets and containers, and other corrugated and specialty products to customers in the packaging, automotive, food, and building products markets; and produces and sells coated and uncoated recycled paperboard, and recycled fiber. This segment's corrugated container products are used to ship various products, such as home appliances, small machinery, grocery products, automotive components, books, and furniture, as well as various other applications. The Land Management segment engages in harvesting and regeneration of timber properties; and sale of timberland and special use properties. As of October 31, 2021, this segment owned approximately 175,000 acres of timber properties in the southeastern United States. The company was formerly known as Greif Bros. Corporation and changed its name to Greif, Inc. in 2001. Greif, Inc. was founded in 1877 and is headquartered in Delaware, Ohio.

Greif Stock Up 0.3 %

NYSE:GEF traded up $0.20 during trading on Tuesday, hitting $69.60. 1,624 shares of the company traded hands, compared to its average volume of 194,692. Greif has a 12 month low of $53.65 and a 12 month high of $72.00. The business has a fifty day simple moving average of $63.76 and a 200 day simple moving average of $61.45. The company has a current ratio of 1.44, a quick ratio of 1.02 and a debt-to-equity ratio of 1.16. The company has a market capitalization of $3.38 billion, a P/E ratio of 11.76, a PEG ratio of 0.89 and a beta of 0.92.

Greif (NYSE:GEF - Get Rating) last posted its earnings results on Wednesday, June 8th. The industrial products company reported $2.41 earnings per share for the quarter, beating the consensus estimate of $1.79 by $0.62. Greif had a return on equity of 28.42% and a net margin of 5.60%. The company had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same period last year, the company earned $1.13 earnings per share. The business's revenue was up 24.4% compared to the same quarter last year. As a group, sell-side analysts predict that Greif will post 7.66 EPS for the current year.

Greif Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 1st. Shareholders of record on Friday, June 17th were issued a dividend of $0.46 per share. The ex-dividend date of this dividend was Thursday, June 16th. This represents a $1.84 annualized dividend and a yield of 2.64%. Greif's dividend payout ratio (DPR) is currently 31.19%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Wells Fargo & Company lifted their price objective on Greif from $71.00 to $73.00 and gave the company an "overweight" rating in a research report on Monday, June 13th. StockNews.com cut Greif from a "strong-buy" rating to a "buy" rating in a research report on Friday, July 22nd. Finally, BMO Capital Markets cut Greif from an "outperform" rating to a "market perform" rating and reduced their price objective for the company from $71.00 to $52.00 in a research report on Friday, May 27th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Greif has a consensus rating of "Hold" and a consensus target price of $65.00.

Insider Buying and Selling at Greif

In other news, Director Mark A. Emkes sold 6,000 shares of Greif stock in a transaction dated Wednesday, June 29th. The stock was sold at an average price of $62.40, for a total value of $374,400.00. Following the transaction, the director now directly owns 34,326 shares in the company, valued at $2,141,942.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.59% of the company's stock.