Equities research analysts expect Graphic Packaging Holding (NYSE:GPK) to report $0.18 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Graphic Packaging’s earnings, with estimates ranging from $0.17 to $0.19. Graphic Packaging posted earnings of $0.19 per share in the same quarter last year, which would suggest a negative year over year growth rate of 5.3%. The firm is expected to announce its next earnings report before the market opens on Tuesday, April 23rd.
According to Zacks, analysts expect that Graphic Packaging will report full year earnings of $0.85 per share for the current fiscal year, with EPS estimates ranging from $0.80 to $0.88. For the next financial year, analysts anticipate that the firm will report earnings of $0.94 per share, with EPS estimates ranging from $0.86 to $1.00. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover Graphic Packaging.
Graphic Packaging (NYSE:GPK) last posted its quarterly earnings results on Tuesday, January 29th. The industrial products company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.04. The company had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.51 billion. Graphic Packaging had a net margin of 3.67% and a return on equity of 11.67%. The business’s quarterly revenue was up 35.9% on a year-over-year basis. During the same period last year, the business posted $0.17 EPS.
In other Graphic Packaging news, Director Robert Hagemann bought 15,000 shares of the firm’s stock in a transaction dated Wednesday, February 27th. The shares were acquired at an average cost of $12.25 per share, for a total transaction of $183,750.00. Following the transaction, the director now owns 65,329 shares in the company, valued at $800,280.25. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.72% of the stock is currently owned by insiders.
Several institutional investors have recently modified their holdings of GPK. Shapiro Capital Management LLC boosted its holdings in Graphic Packaging by 111.8% during the fourth quarter. Shapiro Capital Management LLC now owns 15,308,944 shares of the industrial products company’s stock worth $162,887,000 after purchasing an additional 8,080,950 shares during the last quarter. Millennium Management LLC grew its holdings in shares of Graphic Packaging by 67.0% during the fourth quarter. Millennium Management LLC now owns 10,075,903 shares of the industrial products company’s stock worth $107,208,000 after purchasing an additional 4,042,963 shares in the last quarter. Norges Bank purchased a new position in shares of Graphic Packaging during the fourth quarter worth about $40,465,000. FMR LLC grew its holdings in shares of Graphic Packaging by 9.2% during the fourth quarter. FMR LLC now owns 22,209,385 shares of the industrial products company’s stock worth $236,308,000 after purchasing an additional 1,869,647 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its holdings in shares of Graphic Packaging by 30.6% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 7,764,485 shares of the industrial products company’s stock worth $82,614,000 after purchasing an additional 1,818,515 shares in the last quarter.
NYSE GPK opened at $12.93 on Tuesday. The company has a current ratio of 1.50, a quick ratio of 0.64 and a debt-to-equity ratio of 1.44. The firm has a market capitalization of $3.88 billion, a price-to-earnings ratio of 15.96, a P/E/G ratio of 1.19 and a beta of 1.35. Graphic Packaging has a 52-week low of $10.04 and a 52-week high of $16.61.
The firm also recently announced a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 15th were given a dividend of $0.075 per share. The ex-dividend date was Thursday, March 14th. This represents a $0.30 annualized dividend and a dividend yield of 2.32%. Graphic Packaging’s dividend payout ratio (DPR) is currently 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.
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