Graphic Packaging Holding (NYSE:GPK) – Investment analysts at Seaport Global Securities dropped their Q4 2019 earnings estimates for shares of Graphic Packaging in a report released on Monday, June 24th, according to Zacks Investment Research. Seaport Global Securities analyst M. Weintraub now anticipates that the industrial products company will earn $0.21 per share for the quarter, down from their prior forecast of $0.22. Seaport Global Securities also issued estimates for Graphic Packaging’s Q2 2020 earnings at $0.25 EPS.
Other research analysts also recently issued reports about the company. ValuEngine downgraded Viewray from a “buy” rating to a “hold” rating in a research note on Wednesday, April 24th. Zacks Investment Research downgraded Hancock Jaffe Laboratories from a “buy” rating to a “hold” rating in a research note on Wednesday, June 26th. KeyCorp reiterated a “hold” rating on shares of Silgan in a research note on Wednesday, April 24th. TheStreet upgraded Secureworks from a “d+” rating to a “c-” rating in a research note on Monday, April 22nd. Finally, UBS Group lifted their target price on W. R. Berkley from $53.00 to $56.00 and gave the company a “sell” rating in a research note on Wednesday, April 24th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $15.79.
NYSE:GPK opened at $14.04 on Tuesday. The stock’s 50 day moving average price is $13.68. The stock has a market cap of $4.17 billion, a P/E ratio of 17.33, a PEG ratio of 1.30 and a beta of 1.32. The company has a quick ratio of 0.75, a current ratio of 1.80 and a debt-to-equity ratio of 1.56. Graphic Packaging has a 52-week low of $10.04 and a 52-week high of $15.22.
Graphic Packaging (NYSE:GPK) last released its quarterly earnings results on Tuesday, April 23rd. The industrial products company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.03. The firm had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.54 billion. Graphic Packaging had a return on equity of 12.05% and a net margin of 4.12%. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.19 EPS.
Several large investors have recently added to or reduced their stakes in the stock. Private Capital Group LLC grew its position in shares of Graphic Packaging by 210.4% during the 1st quarter. Private Capital Group LLC now owns 2,533 shares of the industrial products company’s stock worth $32,000 after buying an additional 1,717 shares in the last quarter. Resources Investment Advisors Inc. purchased a new position in Graphic Packaging during the fourth quarter valued at approximately $28,000. Pearl River Capital LLC purchased a new stake in shares of Graphic Packaging in the fourth quarter valued at approximately $54,000. First Hawaiian Bank increased its position in shares of Graphic Packaging by 319.5% in the first quarter. First Hawaiian Bank now owns 5,403 shares of the industrial products company’s stock valued at $68,000 after buying an additional 4,115 shares in the last quarter. Finally, Berman Capital Advisors LLC acquired a new stake in shares of Graphic Packaging in the fourth quarter worth approximately $74,000.
The business also recently announced a quarterly dividend, which was paid on Friday, July 5th. Stockholders of record on Saturday, June 15th were given a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 2.14%. The ex-dividend date of this dividend was Thursday, June 13th. Graphic Packaging’s payout ratio is 37.04%.
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.
See Also: Cost of Goods Sold (COGS)
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