Greif (NYSE:GEF) issued an update on its FY 2021 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $4.550-4.850 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.860. The company issued revenue guidance of -.Greif also updated its FY21 guidance to $4.55-4.85 EPS.
NYSE:GEF opened at $61.92 on Friday. Greif has a 12 month low of $31.14 and a 12 month high of $66.03. The business’s fifty day moving average is $61.08. The company has a quick ratio of 1.02, a current ratio of 1.36 and a debt-to-equity ratio of 1.87. The firm has a market capitalization of $3.01 billion, a P/E ratio of 36.86, a P/E/G ratio of 1.61 and a beta of 1.08.
Greif (NYSE:GEF) last released its earnings results on Tuesday, June 8th. The industrial products company reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.07. Greif had a net margin of 2.20% and a return on equity of 15.78%. The business had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter in the previous year, the company earned $0.95 earnings per share. The company’s quarterly revenue was up 15.7% on a year-over-year basis. As a group, research analysts forecast that Greif will post 3.7 earnings per share for the current fiscal year.
Several equities analysts have weighed in on the stock. BMO Capital Markets boosted their target price on shares of Greif from $64.00 to $68.00 and gave the company an outperform rating in a report on Friday. Robert W. Baird reiterated a neutral rating and set a $66.00 target price (up from $60.00) on shares of Greif in a report on Friday. KeyCorp increased their price objective on shares of Greif from $40.00 to $45.00 and gave the company an underweight rating in a research report on Monday, April 5th. Zacks Investment Research downgraded shares of Greif from a buy rating to a hold rating and set a $65.00 price objective on the stock. in a research report on Monday, May 31st. Finally, Wells Fargo & Company raised their price objective on shares of Greif from $68.00 to $77.00 and gave the stock an overweight rating in a research report on Thursday, May 20th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. Greif has an average rating of Hold and an average target price of $61.17.
In other news, VP Gary R. Martz bought 7,000 shares of Greif stock in a transaction dated Tuesday, April 6th. The shares were acquired at an average cost of $59.18 per share, with a total value of $414,260.00. Following the completion of the transaction, the vice president now owns 70,260 shares in the company, valued at approximately $4,157,986.80. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 13.73% of the company’s stock.
Greif Company Profile
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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