Wall Street analysts expect Greif, Inc. (NYSE:GEF) to report $1.20 billion in sales for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Greif’s earnings. The lowest sales estimate is $1.17 billion and the highest is $1.23 billion. Greif reported sales of $1.08 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 11.1%. The firm is expected to issue its next earnings results on Wednesday, August 25th.
According to Zacks, analysts expect that Greif will report full year sales of $0.00 for the current year. For the next financial year, analysts anticipate that the company will report sales of $5.01 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Greif.
Greif (NYSE:GEF) last released its earnings results on Tuesday, June 8th. The industrial products company reported $1.13 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.06 by $0.07. Greif had a net margin of 2.20% and a return on equity of 15.78%. The business had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter last year, the company earned $0.95 earnings per share. The firm’s revenue was up 15.7% on a year-over-year basis.
NYSE GEF opened at $61.92 on Friday. The company has a current ratio of 1.36, a quick ratio of 1.02 and a debt-to-equity ratio of 1.87. The company has a 50-day moving average of $61.08. Greif has a twelve month low of $31.14 and a twelve month high of $66.03. The company has a market capitalization of $3.01 billion, a PE ratio of 36.86, a PEG ratio of 1.61 and a beta of 1.08.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 1st. Shareholders of record on Monday, June 21st will be paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date is Friday, June 18th. Greif’s dividend payout ratio is 54.66%.
In other news, VP Gary R. Martz acquired 7,000 shares of the company’s stock in a transaction dated Tuesday, April 6th. The stock was bought at an average price of $59.18 per share, with a total value of $414,260.00. Following the completion of the acquisition, the vice president now owns 70,260 shares in the company, valued at approximately $4,157,986.80. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 13.73% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of GEF. The PNC Financial Services Group Inc. increased its holdings in shares of Greif by 8.4% during the first quarter. The PNC Financial Services Group Inc. now owns 2,556 shares of the industrial products company’s stock worth $145,000 after buying an additional 199 shares in the last quarter. Carret Asset Management LLC acquired a new stake in shares of Greif in the fourth quarter valued at approximately $202,000. Zeke Capital Advisors LLC acquired a new stake in shares of Greif in the first quarter valued at approximately $210,000. Stifel Financial Corp acquired a new stake in shares of Greif in the first quarter valued at approximately $219,000. Finally, Crossmark Global Holdings Inc. acquired a new stake in shares of Greif in the first quarter valued at approximately $237,000. 47.06% of the stock is owned by institutional investors.
Greif Company Profile
Greif, Inc produces and sells industrial packaging products and services worldwide. It operates through four segments: Rigid Industrial Packaging & Services; Paper Packaging & Services; Flexible Products & Services; and Land Management. The Rigid Industrial Packaging & Services segment offers rigid industrial packaging products, including steel, fiber, and plastic drums; rigid intermediate bulk containers; closure systems for industrial packaging products; transit protection products; water bottles, and remanufactured and reconditioned industrial containers; and services, such as container life cycle management, filling, logistics, warehousing, and other packaging services.
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