Equities analysts expect Greif, Inc. (NYSE:GEF) to report sales of $1.24 billion for the current quarter, according to Zacks. Four analysts have made estimates for Greif’s earnings, with the highest sales estimate coming in at $1.25 billion and the lowest estimate coming in at $1.21 billion. Greif reported sales of $968.30 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 28.1%. The firm is expected to issue its next earnings report on Wednesday, June 5th.
According to Zacks, analysts expect that Greif will report full year sales of $4.85 billion for the current fiscal year, with estimates ranging from $4.74 billion to $4.95 billion. For the next year, analysts expect that the firm will post sales of $5.19 billion, with estimates ranging from $5.13 billion to $5.26 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Greif.
Greif (NYSE:GEF) last announced its earnings results on Wednesday, February 27th. The industrial products company reported $0.65 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.01. The company had revenue of $897.00 million during the quarter, compared to analyst estimates of $922.24 million. Greif had a net margin of 4.72% and a return on equity of 18.89%. Greif’s revenue was down 1.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.96 earnings per share.
A number of research firms recently weighed in on GEF. Zacks Investment Research lowered shares of Greif from a “buy” rating to a “hold” rating in a research report on Thursday, March 7th. ValuEngine cut Greif from a “sell” rating to a “strong sell” rating in a report on Wednesday, December 26th. Robert W. Baird lowered their price target on Greif from $55.00 to $42.00 and set an “outperform” rating for the company in a report on Friday, December 21st. Wells Fargo & Co cut Greif from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $53.00 to $36.00 in a report on Thursday, December 20th. Finally, BMO Capital Markets cut Greif from an “outperform” rating to an “underperform” rating and set a $34.25 target price for the company. in a report on Thursday, December 20th. Four analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. The company currently has an average rating of “Sell” and a consensus target price of $40.38.
NYSE:GEF traded up $0.27 during midday trading on Friday, reaching $39.40. The stock had a trading volume of 1,013 shares, compared to its average volume of 177,654. Greif has a 12-month low of $31.80 and a 12-month high of $62.75. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.83 and a quick ratio of 1.29. The firm has a market cap of $1.88 billion, a price-to-earnings ratio of 11.20, a price-to-earnings-growth ratio of 1.25 and a beta of 1.55.
The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 18th were issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.47%. The ex-dividend date was Friday, March 15th. Greif’s payout ratio is currently 49.86%.
Several large investors have recently modified their holdings of GEF. Laurel Wealth Advisors LLC bought a new stake in shares of Greif in the 4th quarter worth approximately $26,000. Advisors Preferred LLC bought a new stake in shares of Greif in the 4th quarter worth approximately $71,000. Point72 Hong Kong Ltd raised its holdings in shares of Greif by 191.1% in the 3rd quarter. Point72 Hong Kong Ltd now owns 2,000 shares of the industrial products company’s stock worth $107,000 after purchasing an additional 1,313 shares during the period. Dupont Capital Management Corp bought a new stake in shares of Greif in the 4th quarter worth approximately $80,000. Finally, Vident Investment Advisory LLC bought a new stake in shares of Greif in the 3rd quarter worth approximately $241,000. Institutional investors and hedge funds own 48.22% of the company’s stock.
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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