Graphic Packaging (NYSE:GPK) Announces Earnings Results, Beats Estimates By $0.01 EPS

Graphic Packaging (NYSE:GPK) released its earnings results on Tuesday. The industrial products company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.22 by $0.01, Zacks reports. The firm had revenue of $2.19 billion during the quarter, compared to analysts’ expectations of $2.17 billion. Graphic Packaging had a return on equity of 9.95% and a net margin of 2.25%. Graphic Packaging’s revenue for the quarter was up .1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.58 EPS.

Graphic Packaging Price Performance

Graphic Packaging stock opened at $10.60 on Tuesday. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.38 and a quick ratio of 0.60. The business has a 50 day simple moving average of $9.42 and a 200-day simple moving average of $10.70. Graphic Packaging has a 12 month low of $8.15 and a 12 month high of $17.22. The stock has a market capitalization of $3.14 billion, a PE ratio of 16.00 and a beta of 0.66.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on GPK. UBS Group decreased their price objective on shares of Graphic Packaging from $12.00 to $9.50 and set a “neutral” rating for the company in a research report on Monday, October 5th. Truist Financial dropped their price objective on Graphic Packaging from $11.00 to $9.00 and set a “hold” rating on the stock in a report on Monday, October 12th. Royal Bank Of Canada decreased their target price on Graphic Packaging from $10.00 to $9.00 and set a “sector perform” rating for the company in a research note on Tuesday, October 13th. Bank of America lowered their price target on Graphic Packaging from $14.00 to $13.00 and set a “neutral” rating for the company in a report on Friday, September 11th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Graphic Packaging in a research note on Monday, September 21st. One analyst has rated the stock with a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus target price of $10.29.

Graphic Packaging Company Profile

Graphic Packaging Holding Company, through its subsidiary Graphic Packaging International, develops and manufactures fiber-based packaging products for consumer goods companies. Its offerings include paperboard folding cartons, beverage carriers, cups, foodservice packaging, and other packaging solutions designed for products sold in grocery, foodservice, beverage, and household markets.

The company serves brand owners and manufacturers across a range of end markets, including food, beverage, consumer packaged goods, and foodservice.