KeyCorp Weighs in on Graphic Packaging Holding Company’s Q4 2017 Earnings (GPK)

Graphic Packaging Holding Company (NYSE:GPK) – Analysts at KeyCorp boosted their Q4 2017 earnings estimates for Graphic Packaging Holding in a report issued on Tuesday. KeyCorp analyst A. Josephson now expects that the industrial products company will earn $0.24 per share for the quarter, up from their prior forecast of $0.21. KeyCorp has a “Hold” rating on the stock.

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

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Several other research firms also recently commented on GPK. BMO Capital Markets reaffirmed a “buy” rating and issued a $15.50 target price on shares of Graphic Packaging Holding in a research report on Friday, September 1st. Zacks Investment Research downgraded Graphic Packaging Holding from a “hold” rating to a “sell” rating in a research report on Friday, July 14th. DA Davidson reaffirmed a “buy” rating and issued a $16.50 target price (down previously from $17.50) on shares of Graphic Packaging Holding in a research report on Monday, August 21st. BidaskClub raised Graphic Packaging Holding from a “hold” rating to a “buy” rating in a research report on Wednesday, July 5th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $15.00 target price on shares of Graphic Packaging Holding in a research report on Tuesday. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $15.54.

Shares of Graphic Packaging Holding (GPK) traded up 0.07% during mid-day trading on Wednesday, hitting $14.22. The company’s stock had a trading volume of 298,863 shares. The company has a market cap of $4.41 billion, a price-to-earnings ratio of 26.38 and a beta of 1.16. Graphic Packaging Holding has a 1-year low of $12.00 and a 1-year high of $14.37. The company has a 50-day moving average of $13.47 and a 200 day moving average of $13.43.

The business also recently declared a quarterly dividend, which was paid on Thursday, October 5th. Investors of record on Friday, September 15th were paid a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 2.11%. The ex-dividend date was Thursday, September 14th. Graphic Packaging Holding’s dividend payout ratio (DPR) is currently 54.55%.

Hedge funds have recently modified their holdings of the stock. Van ECK Associates Corp boosted its stake in shares of Graphic Packaging Holding by 1.6% in the second quarter. Van ECK Associates Corp now owns 7,630 shares of the industrial products company’s stock valued at $105,000 after buying an additional 117 shares during the period. Bronfman E.L. Rothschild L.P. boosted its stake in shares of Graphic Packaging Holding by 0.8% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 8,100 shares of the industrial products company’s stock valued at $112,000 after buying an additional 61 shares during the period. Fifth Third Bancorp boosted its stake in shares of Graphic Packaging Holding by 124.0% in the first quarter. Fifth Third Bancorp now owns 10,082 shares of the industrial products company’s stock valued at $130,000 after buying an additional 5,582 shares during the period. Two Sigma Securities LLC bought a new stake in shares of Graphic Packaging Holding in the first quarter valued at approximately $140,000. Finally, Eagle Boston Investment Management Inc. boosted its stake in shares of Graphic Packaging Holding by 1.5% in the second quarter. Eagle Boston Investment Management Inc. now owns 10,773 shares of the industrial products company’s stock valued at $148,000 after buying an additional 163 shares during the period. Institutional investors and hedge funds own 95.00% of the company’s stock.

About Graphic Packaging Holding

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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