Graphic Packaging (NYSE:GPK) is scheduled to release its earnings data before the market opens on Tuesday, April 23rd. Analysts expect Graphic Packaging to post earnings of $0.18 per share for the quarter.
Graphic Packaging (NYSE:GPK) last posted its earnings results on Tuesday, January 29th. The industrial products company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.04. The company had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.51 billion. Graphic Packaging had a return on equity of 11.67% and a net margin of 3.67%. Graphic Packaging’s revenue was up 35.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.17 earnings per share. On average, analysts expect Graphic Packaging to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Graphic Packaging stock opened at $13.13 on Tuesday. The company has a quick ratio of 0.64, a current ratio of 1.50 and a debt-to-equity ratio of 1.44. The firm has a market cap of $3.81 billion, a price-to-earnings ratio of 16.21, a P/E/G ratio of 1.17 and a beta of 1.35. Graphic Packaging has a twelve month low of $10.04 and a twelve month high of $16.61.
The business also recently announced a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 15th were issued a dividend of $0.075 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.30 dividend on an annualized basis and a yield of 2.28%. Graphic Packaging’s dividend payout ratio is currently 37.04%.
In other Graphic Packaging news, Director Robert Hagemann acquired 15,000 shares of the firm’s stock in a transaction dated Wednesday, February 27th. The stock was purchased at an average price of $12.25 per share, for a total transaction of $183,750.00. Following the acquisition, the director now owns 65,329 shares in the company, valued at approximately $800,280.25. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.72% of the company’s stock.
A number of research firms have weighed in on GPK. Zacks Investment Research upgraded Graphic Packaging from a “hold” rating to a “strong-buy” rating and set a $13.00 target price for the company in a report on Wednesday, January 16th. ValuEngine lowered Graphic Packaging from a “hold” rating to a “sell” rating in a report on Monday, February 25th. Finally, UBS Group began coverage on Graphic Packaging in a report on Friday, January 4th. They set a “neutral” rating and a $11.50 target price for the company. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $16.13.
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Graphic Packaging Company Profile
Graphic Packaging Holding Company, together with its subsidiaries, provides paper-based packaging solutions to food, beverage, foodservice, and other consumer products companies. It operates through three segments: Paperboard Mills, Americas Paperboard Packaging, and Europe Paperboard Packaging. The company offers coated unbleached kraft (CUK), coated recycled paperboard (CRB), and solid bleached sulfate paperboard (SBS) to various paperboard packaging converters and brokers; and paperboard packaging folding cartons and cups, lids, and food containers primarily to consumer packaged goods, quick-service restaurants, and foodservice companies.
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