Greif Bros. (GEF) Releases FY18 Earnings Guidance

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.

Earnings History and Estimates for Greif Bros. (NYSE:GEF)

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