Greif (GEF) Scheduled to Post Earnings on Wednesday

Greif (NYSE:GEF) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, December 4th. Analysts expect the company to announce earnings of $1.08 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Greif Price Performance

Greif stock opened at $71.42 on Tuesday. The company has a current ratio of 1.70, a quick ratio of 1.28 and a debt-to-equity ratio of 1.35. Greif has a 12 month low of $55.95 and a 12 month high of $73.16. The company has a market capitalization of $3.37 billion, a PE ratio of 15.44 and a beta of 0.91. The stock has a 50-day moving average price of $65.06 and a two-hundred day moving average price of $62.86.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Wells Fargo & Company decreased their price target on Greif from $80.00 to $76.00 and set an “overweight” rating for the company in a research note on Monday, August 26th. Sidoti started coverage on Greif in a report on Wednesday, November 20th. They set a “buy” rating and a $93.00 price objective for the company. Stifel Nicolaus reissued a “buy” rating and issued a $88.00 price objective on shares of Greif in a research note on Monday, August 26th. Bank of America decreased their price target on Greif from $77.00 to $73.00 and set a “buy” rating for the company in a report on Friday, August 30th. Finally, Truist Financial restated a “hold” rating and set a $67.00 price objective (down from $69.00) on shares of Greif in a research note on Friday, August 30th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $79.40.

About Greif

Greif, Inc engages in the production and sale of industrial packaging products and services worldwide. The company operates through Global Industrial Packaging; Paper Packaging & Services; and Land Management segments. The Global Industrial Packaging segment produces and sells industrial packaging products, including steel, fiber, and plastic drums; rigid and flexible intermediate bulk containers; closure systems for industrial packaging products; transit protection products; water bottles, and remanufactured and reconditioned industrial containers; and various services, such as container life cycle management, filling, logistics, warehousing, and other packaging services to chemicals, paints and pigments, food and beverage, petroleum, industrial coatings, agriculture, pharmaceuticals, mineral product, and other industries.