DA Davidson Comments on Graphic Packaging Holding Company’s Q3 2017 Earnings (GPK)

Graphic Packaging Holding Company (NYSE:GPK) – DA Davidson decreased their Q3 2017 earnings estimates for Graphic Packaging Holding in a report issued on Wednesday. DA Davidson analyst S. Chercover now anticipates that the industrial products company will post earnings per share of $0.18 for the quarter, down from their prior forecast of $0.22. DA Davidson currently has a “Buy” rating and a $17.50 price target on the stock. DA Davidson also issued estimates for Graphic Packaging Holding’s Q4 2017 earnings at $0.22 EPS, FY2017 earnings at $0.69 EPS and FY2018 earnings at $0.86 EPS.

Graphic Packaging Holding (NYSE:GPK) last issued its quarterly earnings results on Tuesday, July 25th. The industrial products company reported $0.15 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.15. Graphic Packaging Holding had a net margin of 3.98% and a return on equity of 18.22%. The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the prior year, the firm posted $0.19 EPS. The firm’s quarterly revenue was down .8% on a year-over-year basis.

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Other equities analysts have also recently issued research reports about the stock. Zacks Investment Research cut shares of Graphic Packaging Holding from a “hold” rating to a “sell” rating in a research note on Thursday. BidaskClub cut shares of Graphic Packaging Holding from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Jefferies Group LLC reaffirmed a “hold” rating and set a $15.00 price objective (up previously from $14.00) on shares of Graphic Packaging Holding in a research note on Friday, July 14th. BMO Capital Markets reaffirmed a “buy” rating and set a $15.50 price objective on shares of Graphic Packaging Holding in a research note on Friday, June 23rd. Finally, Citigroup Inc. reaffirmed a “buy” rating on shares of Graphic Packaging Holding in a research note on Friday, April 14th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the stock. Graphic Packaging Holding currently has a consensus rating of “Buy” and an average target price of $15.73.

Shares of Graphic Packaging Holding (GPK) opened at 13.15 on Thursday. The stock’s 50 day moving average is $13.52 and its 200-day moving average is $13.29. Graphic Packaging Holding has a one year low of $12.00 and a one year high of $14.70. The company has a market cap of $4.08 billion, a P/E ratio of 20.20 and a beta of 1.15.

A number of institutional investors have recently added to or reduced their stakes in GPK. Bronfman E.L. Rothschild L.P. boosted its position in Graphic Packaging Holding by 1.5% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 8,039 shares of the industrial products company’s stock worth $103,000 after buying an additional 116 shares in the last quarter. New York State Teachers Retirement System boosted its position in Graphic Packaging Holding by 1.4% in the fourth quarter. New York State Teachers Retirement System now owns 28,200 shares of the industrial products company’s stock worth $352,000 after buying an additional 400 shares in the last quarter. US Bancorp DE boosted its position in Graphic Packaging Holding by 0.8% in the first quarter. US Bancorp DE now owns 106,827 shares of the industrial products company’s stock worth $1,374,000 after buying an additional 883 shares in the last quarter. American Trust Investment Advisors LLC boosted its position in Graphic Packaging Holding by 0.6% in the second quarter. American Trust Investment Advisors LLC now owns 145,780 shares of the industrial products company’s stock worth $2,009,000 after buying an additional 900 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in Graphic Packaging Holding by 10.2% in the first quarter. Envestnet Asset Management Inc. now owns 11,826 shares of the industrial products company’s stock worth $152,000 after buying an additional 1,097 shares in the last quarter. 95.58% of the stock is owned by institutional investors and hedge funds.

In other Graphic Packaging Holding news, Director G Andrea Botta sold 10,982 shares of the business’s stock in a transaction that occurred on Wednesday, May 31st. The shares were sold at an average price of $13.45, for a total value of $147,707.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.02% of the stock is owned by insiders.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 5th. Investors of record on Thursday, June 15th were paid a dividend of $0.075 per share. The ex-dividend date of this dividend was Tuesday, June 13th. This represents a $0.30 annualized dividend and a yield of 2.28%. Graphic Packaging Holding’s dividend payout ratio is currently 54.55%.

Graphic Packaging Holding Company Profile

Graphic Packaging Holding Company is a provider of paper-based packaging solutions for a range of products to food, beverage and other consumer product companies. The Company’s segments include Paperboard Mills, Americas Paperboard Packaging, Europe Paperboard Packaging, and Corporate and Other. The Paperboard Mills segment includes the Company’s North American paperboard mills, which produce primarily coated unbleached kraft and coated recycled board.

Earnings History and Estimates for Graphic Packaging Holding (NYSE:GPK)

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