Equities research analysts predict that Graphic Packaging Holding (NYSE:GPK) will report $1.56 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Graphic Packaging’s earnings, with the highest sales estimate coming in at $1.59 billion and the lowest estimate coming in at $1.53 billion. Graphic Packaging reported sales of $1.53 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 2%. The business is expected to issue its next earnings results on Tuesday, October 22nd.
According to Zacks, analysts expect that Graphic Packaging will report full year sales of $6.14 billion for the current year, with estimates ranging from $6.02 billion to $6.19 billion. For the next fiscal year, analysts forecast that the business will post sales of $6.27 billion, with estimates ranging from $6.12 billion to $6.42 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Graphic Packaging.
Graphic Packaging (NYSE:GPK) last announced its earnings results on Tuesday, July 23rd. The industrial products company reported $0.24 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.02. Graphic Packaging had a net margin of 4.32% and a return on equity of 12.94%. The company had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.56 billion. During the same quarter last year, the firm posted $0.18 earnings per share. Graphic Packaging’s revenue was up 2.8% compared to the same quarter last year.
NYSE:GPK traded up $0.05 during mid-day trading on Friday, hitting $12.80. The stock had a trading volume of 4,595,994 shares, compared to its average volume of 4,093,631. The firm’s 50-day simple moving average is $14.23. The company has a market capitalization of $3.84 billion, a P/E ratio of 15.77, a PEG ratio of 1.18 and a beta of 1.34. Graphic Packaging has a twelve month low of $10.04 and a twelve month high of $15.58. The company has a quick ratio of 0.70, a current ratio of 1.70 and a debt-to-equity ratio of 1.46.
The firm also recently announced a quarterly dividend, which will be paid on Saturday, October 5th. Stockholders of record on Sunday, September 15th will be given a dividend of $0.075 per share. The ex-dividend date is Thursday, September 12th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.34%. Graphic Packaging’s dividend payout ratio (DPR) is presently 37.04%.
Large investors have recently bought and sold shares of the stock. Zacks Investment Management boosted its position in shares of Graphic Packaging by 119.2% during the 2nd quarter. Zacks Investment Management now owns 111,175 shares of the industrial products company’s stock worth $1,554,000 after purchasing an additional 60,461 shares in the last quarter. Pictet Asset Management Ltd. boosted its position in shares of Graphic Packaging by 54.7% during the 2nd quarter. Pictet Asset Management Ltd. now owns 1,588,213 shares of the industrial products company’s stock worth $22,203,000 after purchasing an additional 561,438 shares in the last quarter. Green Square Asset Management LLC purchased a new stake in shares of Graphic Packaging during the 2nd quarter worth $308,000. Nuveen Asset Management LLC purchased a new stake in shares of Graphic Packaging during the 2nd quarter worth $15,844,000. Finally, OneAscent Financial Services LLC purchased a new stake in shares of Graphic Packaging during the 2nd quarter worth $205,000.
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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