Graphic Packaging (NYSE:GPK) Posts Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Graphic Packaging (NYSE:GPK) announced its quarterly earnings data on Tuesday. The industrial products company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01, Zacks reports. The company had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.17 billion. Graphic Packaging had a return on equity of 9.95% and a net margin of 2.25%.

Graphic Packaging Price Performance

Shares of NYSE GPK opened at $9.30 on Tuesday. The firm’s 50-day moving average price is $9.42 and its 200-day moving average price is $10.70. Graphic Packaging has a 1-year low of $8.15 and a 1-year high of $17.22. The firm has a market capitalization of $2.75 billion, a P/E ratio of 7.76 and a beta of 0.66. The company has a current ratio of 1.38, a quick ratio of 0.60 and a debt-to-equity ratio of 1.58.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on GPK shares. Citigroup decreased their target price on Graphic Packaging from $13.00 to $9.00 and set a “neutral” rating for the company in a research note on Friday, October 2nd. Royal Bank Of Canada lowered their target price on Graphic Packaging from $10.00 to $9.00 and set a “sector perform” rating for the company in a report on Tuesday, October 13th. Weiss Ratings reissued a “sell (d+)” rating on shares of Graphic Packaging in a research note on Monday, September 21st. UBS Group cut their price target on Graphic Packaging from $12.00 to $9.50 and set a “neutral” rating on the stock in a report on Monday, October 5th. Finally, JPMorgan Chase & Co. raised shares of Graphic Packaging from a “neutral” rating to an “overweight” rating and reduced their price objective for the stock from $12.50 to $11.50 in a research report on Wednesday, September 23rd. One investment analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Graphic Packaging has an average rating of “Reduce” and a consensus price target of $10.29.

About Graphic Packaging

Graphic Packaging Holding Company, through its subsidiary Graphic Packaging International, develops and manufactures fiber-based packaging products for consumer goods companies. Its offerings include paperboard folding cartons, beverage carriers, cups, foodservice packaging, and other packaging solutions designed for products sold in grocery, foodservice, beverage, and household markets.

The company serves brand owners and manufacturers across a range of end markets, including food, beverage, consumer packaged goods, and foodservice.