Brokerages forecast that Graphic Packaging Holding (NYSE:GPK) will post $1.89 billion in sales for the current quarter, Zacks reports. Five analysts have made estimates for Graphic Packaging’s earnings, with the lowest sales estimate coming in at $1.72 billion and the highest estimate coming in at $2.00 billion. Graphic Packaging posted sales of $1.65 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 14.5%. The firm is scheduled to announce its next quarterly earnings results on Tuesday, February 1st.
According to Zacks, analysts expect that Graphic Packaging will report full year sales of $7.05 billion for the current financial year, with estimates ranging from $6.89 billion to $7.17 billion. For the next fiscal year, analysts anticipate that the company will report sales of $8.46 billion, with estimates ranging from $7.65 billion to $8.74 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Graphic Packaging.
Graphic Packaging (NYSE:GPK) last announced its quarterly earnings results on Monday, October 25th. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.03. Graphic Packaging had a net margin of 3.36% and a return on equity of 17.81%. The company had revenue of $1.78 billion during the quarter, compared to analyst estimates of $1.82 billion. During the same quarter in the previous year, the business earned $0.26 EPS. The firm’s revenue was up 4.9% on a year-over-year basis.
NYSE GPK traded down $0.16 on Thursday, reaching $21.03. The company had a trading volume of 2,144,713 shares, compared to its average volume of 3,039,178. The firm has a market capitalization of $6.46 billion, a price-to-earnings ratio of 26.29, a price-to-earnings-growth ratio of 0.72 and a beta of 1.19. The company has a debt-to-equity ratio of 2.23, a quick ratio of 0.53 and a current ratio of 1.31. Graphic Packaging has a 1-year low of $15.32 and a 1-year high of $21.56. The company’s fifty day moving average is $19.94 and its 200-day moving average is $19.09.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 5th. Stockholders of record on Wednesday, December 15th will be issued a $0.075 dividend. The ex-dividend date of this dividend is Tuesday, December 14th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.43%. Graphic Packaging’s payout ratio is 37.50%.
Several hedge funds have recently modified their holdings of GPK. Ameriprise Financial Inc. raised its holdings in shares of Graphic Packaging by 9.8% in the 1st quarter. Ameriprise Financial Inc. now owns 87,895 shares of the industrial products company’s stock valued at $1,601,000 after purchasing an additional 7,829 shares during the period. Captrust Financial Advisors raised its holdings in shares of Graphic Packaging by 11.9% in the 1st quarter. Captrust Financial Advisors now owns 8,902 shares of the industrial products company’s stock valued at $162,000 after purchasing an additional 944 shares during the period. Walleye Capital LLC bought a new stake in shares of Graphic Packaging in the 1st quarter valued at about $193,000. Price T Rowe Associates Inc. MD raised its holdings in shares of Graphic Packaging by 13.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,117,961 shares of the industrial products company’s stock valued at $38,462,000 after purchasing an additional 247,155 shares during the period. Finally, Royal Bank of Canada raised its holdings in shares of Graphic Packaging by 78.8% in the 1st quarter. Royal Bank of Canada now owns 103,963 shares of the industrial products company’s stock valued at $1,888,000 after purchasing an additional 45,822 shares during the period. 94.02% of the stock is currently owned by institutional investors.
Graphic Packaging Company Profile
Graphic Packaging Holding Co provides paper-based packaging solutions for a variety of products to food, beverage and other consumer products companies. The firm produces folding cartons, kraft paperboard, coated-recycled boxboard and multi-wall bags. It operates through the following business segments: Paperboard Mills, Americas Paperboard Packaging and Europe Paperboard Packaging.
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