Greif, Inc. (GEF) To Go Ex-Dividend on September 17th

Greif, Inc. (NYSE:GEF) announced a quarterly dividend on Tuesday, August 25th. Shareholders of record on Thursday, September 17th will be given a dividend of 0.62 per share by the industrial products company on Thursday, October 1st. This represents a c) dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Thursday, September 17th.

Greif has raised its dividend by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 4 years. Greif has a payout ratio of 45.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Greif to earn $4.65 per share next year, which means the company should continue to be able to cover its $2.48 annual dividend with an expected future payout ratio of 53.3%.

Greif Stock Performance

Shares of NYSE:GEF opened at $85.35 on Thursday. The business has a 50-day moving average of $79.76 and a two-hundred day moving average of $72.16. The firm has a market capitalization of $3.94 billion, a PE ratio of 26.76, a P/E/G ratio of 0.75 and a beta of 0.75. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.29 and a quick ratio of 0.99. Greif has a 12 month low of $55.75 and a 12 month high of $90.57.

Greif (NYSE:GEF) last released its quarterly earnings data on Tuesday, July 28th. The industrial products company reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.50. Greif had a return on equity of 8.09% and a net margin of 7.53%.The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same period in the previous year, the company posted $0.86 EPS. The company’s revenue was up 3.5% compared to the same quarter last year. As a group, research analysts forecast that Greif will post 4.3 earnings per share for the current year.

Wall Street Analysts Forecast Growth

GEF has been the topic of a number of recent research reports. Wells Fargo & Company lifted their price target on shares of Greif from $74.00 to $90.00 and gave the company an “equal weight” rating in a research report on Thursday, July 30th. Zacks Research raised shares of Greif from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 21st. Truist Financial restated a “hold” rating and set a $97.00 target price (up from $78.00) on shares of Greif in a report on Tuesday, August 4th. Bank of America cut shares of Greif from a “neutral” rating to an “underperform” rating and set a $70.00 price target for the company. in a research report on Tuesday, July 14th. Finally, Weiss Ratings upgraded Greif from a “hold (c)” rating to a “buy (b-)” rating in a report on Monday, August 3rd. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $83.00.

About Greif

Greif, Inc is a global leader in industrial packaging products and services, with a history dating back to its founding in 1877. Headquartered in Cleveland, Ohio, the company has evolved from a regional barrel and drum manufacturer into a diversified packaging provider serving a wide range of end markets. Greif’s longstanding heritage in container solutions has positioned it as a trusted partner for customers seeking reliable, high-quality packaging options.

The company’s core business revolves around the design, manufacture and sale of industrial packaging products, including steel, plastic and fiber drums; intermediate bulk containers (IBCs); safety closures; rigid, flexible and reconditioned packaging; containerboard and protective packaging.