Greif Bros. (NYSE:GEF) updated its FY18 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $3.25-3.55 for the period, compared to the Thomson Reuters consensus estimate of $3.40.
Several research firms recently issued reports on GEF. Robert W. Baird reissued a buy rating and issued a $66.00 target price on shares of Greif Bros. in a research report on Friday, September 1st. BMO Capital Markets reissued a hold rating and issued a $55.00 target price on shares of Greif Bros. in a research report on Thursday, August 17th. Zacks Investment Research downgraded Greif Bros. from a hold rating to a sell rating in a research report on Thursday, November 30th. KeyCorp reissued a sell rating on shares of Greif Bros. in a research report on Friday, November 10th. Finally, Bank of America downgraded Greif Bros. from a buy rating to a neutral rating and upped their target price for the company from $60.45 to $63.00 in a research report on Friday, September 1st. Two research analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. Greif Bros. presently has an average rating of Hold and an average price target of $57.00.
Shares of Greif Bros. (NYSE:GEF) opened at $54.83 on Thursday. Greif Bros. has a 1-year low of $50.70 and a 1-year high of $63.04. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.56 and a quick ratio of 1.10. The company has a market cap of $2,620.78, a price-to-earnings ratio of 20.91, a price-to-earnings-growth ratio of 1.84 and a beta of 1.29.
Greif Bros. (NYSE:GEF) last posted its quarterly earnings results on Wednesday, December 6th. The industrial products company reported $0.98 EPS for the quarter, beating the consensus estimate of $0.91 by $0.07. Greif Bros. had a net margin of 2.65% and a return on equity of 15.49%. The company had revenue of $968.00 million for the quarter, compared to analyst estimates of $931.96 million. During the same period in the prior year, the company earned $0.65 earnings per share. The firm’s revenue was up 11.6% on a year-over-year basis. equities research analysts anticipate that Greif Bros. will post 2.84 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, January 1st. Shareholders of record on Monday, December 18th will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 3.06%. The ex-dividend date is Friday, December 15th. Greif Bros.’s payout ratio is 105.66%.
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About Greif Bros.
Greif, Inc is a producer of industrial packaging products and services. The Company’s segments are Rigid Industrial Packaging & Services; Paper Packaging & Services; Flexible Products & Services, and Land Management. The Rigid Industrial Packaging & Services segment is engaged in the production and sale of rigid industrial packaging products, and services, such as container life cycle management, filling, logistics, warehousing and other packaging services.
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