$864.40 Million in Sales Expected for Greif, Inc. (GEF) This Quarter

Analysts expect Greif, Inc. (NYSE:GEF) to announce sales of $864.40 million for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Greif’s earnings. The lowest sales estimate is $838.98 million and the highest is $901.50 million. Greif reported sales of $820.90 million during the same quarter last year, which indicates a positive year-over-year growth rate of 5.3%. The firm is scheduled to issue its next earnings results on Wednesday, March 7th.

According to Zacks, analysts expect that Greif will report full year sales of $864.40 million for the current fiscal year, with estimates ranging from $3.77 billion to $3.85 billion. For the next financial year, analysts forecast that the business will post sales of $3.89 billion per share, with estimates ranging from $3.85 billion to $3.92 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover Greif.

Greif (NYSE:GEF) last released its quarterly earnings data on Wednesday, December 6th. The industrial products company reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.09. The firm had revenue of $968.00 million during the quarter, compared to the consensus estimate of $931.96 million. Greif had a net margin of 3.26% and a return on equity of 17.06%. The firm’s revenue was up 11.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.65 earnings per share.

Several brokerages have recently issued reports on GEF. DA Davidson raised shares of Greif from a “neutral” rating to a “buy” rating and set a $74.00 price target for the company in a report on Thursday, December 7th. Robert W. Baird reissued a “buy” rating and set a $66.00 price target on shares of Greif in a report on Friday, November 10th. KeyCorp set a $47.00 price target on shares of Greif and gave the company a “sell” rating in a report on Friday, December 8th. Bank of America raised shares of Greif from a “neutral” rating to a “buy” rating and set a $70.00 price target for the company in a report on Tuesday, January 2nd. They noted that the move was a valuation call. Finally, BMO Capital Markets reissued a “hold” rating and set a $57.00 price target on shares of Greif in a report on Wednesday, December 13th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. Greif presently has a consensus rating of “Hold” and a consensus price target of $64.00.

Institutional investors and hedge funds have recently made changes to their positions in the company. Crossmark Global Holdings Inc. acquired a new position in shares of Greif during the third quarter valued at $216,000. Amalgamated Bank bought a new stake in shares of Greif during the second quarter valued at about $208,000. Quantbot Technologies LP raised its stake in shares of Greif by 3,048.2% during the third quarter. Quantbot Technologies LP now owns 4,376 shares of the industrial products company’s stock valued at $256,000 after purchasing an additional 4,237 shares in the last quarter. Nine Chapters Capital Management LLC raised its stake in shares of Greif by 83.3% during the third quarter. Nine Chapters Capital Management LLC now owns 8,800 shares of the industrial products company’s stock valued at $515,000 after purchasing an additional 4,000 shares in the last quarter. Finally, Neuberger Berman Group LLC raised its stake in shares of Greif by 2.1% during the second quarter. Neuberger Berman Group LLC now owns 11,231 shares of the industrial products company’s stock valued at $626,000 after purchasing an additional 231 shares in the last quarter. 48.54% of the stock is owned by institutional investors.

Greif (GEF) traded down $0.97 during trading on Wednesday, reaching $60.70. 133,680 shares of the company’s stock were exchanged, compared to its average volume of 169,714. The firm has a market capitalization of $3,050.00, a P/E ratio of 24.48, a PEG ratio of 2.09 and a beta of 1.29. The company has a current ratio of 1.45, a quick ratio of 1.04 and a debt-to-equity ratio of 0.90. Greif has a 1 year low of $50.94 and a 1 year high of $65.60.

The company also recently declared a quarterly dividend, which was paid on Monday, January 1st. Stockholders of record on Monday, December 18th were issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 2.77%. The ex-dividend date of this dividend was Friday, December 15th. Greif’s dividend payout ratio (DPR) is 67.74%.

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About Greif

Greif, Inc is a producer of industrial packaging products and services. The Company’s segments are Rigid Industrial Packaging & Services; Paper Packaging & Services; Flexible Products & Services, and Land Management. The Rigid Industrial Packaging & Services segment is engaged in the production and sale of rigid industrial packaging products, and services, such as container life cycle management, filling, logistics, warehousing and other packaging services.

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