Brokerages expect Greif, Inc. (NYSE:GEF) to report sales of $934.99 million for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Greif’s earnings. The lowest sales estimate is $918.70 million and the highest is $949.30 million. Greif posted sales of $867.60 million during the same quarter last year, which would indicate a positive year over year growth rate of 7.8%. The business is scheduled to issue its next earnings report after the market closes on Wednesday, December 6th.

According to Zacks, analysts expect that Greif will report full-year sales of $934.99 million for the current financial year, with estimates ranging from $3.59 billion to $3.62 billion. For the next year, analysts anticipate that the firm will report sales of $3.70 billion per share, with estimates ranging from $3.64 billion to $3.75 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Greif.

Greif (NYSE:GEF) last posted its quarterly earnings data on Wednesday, August 30th. The industrial products company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.01. The company had revenue of $961.80 million during the quarter, compared to analysts’ expectations of $901.76 million. Greif had a return on equity of 17.50% and a net margin of 4.91%. Greif’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.91 earnings per share.

GEF has been the topic of several analyst reports. BMO Capital Markets reiterated a “hold” rating and set a $55.00 target price on shares of Greif in a report on Thursday, August 17th. Bank of America Corporation lowered Greif from a “buy” rating to a “neutral” rating and upped their target price for the stock from $60.45 to $63.00 in a report on Friday, September 1st. Robert W. Baird reiterated a “buy” rating and set a $66.00 target price on shares of Greif in a report on Friday, September 1st. Finally, KeyCorp reiterated a “sell” rating on shares of Greif in a report on Friday, November 10th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $57.00.

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A number of large investors have recently added to or reduced their stakes in GEF. GSA Capital Partners LLP raised its stake in Greif by 150.9% in the third quarter. GSA Capital Partners LLP now owns 86,007 shares of the industrial products company’s stock valued at $5,035,000 after buying an additional 51,726 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Greif by 19.0% during the first quarter. Goldman Sachs Group Inc. now owns 150,861 shares of the industrial products company’s stock worth $8,311,000 after purchasing an additional 24,058 shares during the period. Public Employees Retirement System of Ohio increased its stake in shares of Greif by 477.2% during the third quarter. Public Employees Retirement System of Ohio now owns 25,450 shares of the industrial products company’s stock worth $1,490,000 after purchasing an additional 21,041 shares during the period. Mondrian Investment Partners LTD increased its stake in shares of Greif by 21.0% during the second quarter. Mondrian Investment Partners LTD now owns 64,244 shares of the industrial products company’s stock worth $3,584,000 after purchasing an additional 11,166 shares during the period. Finally, Quantbot Technologies LP increased 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 worth $256,000 after purchasing an additional 4,237 shares during the period. Hedge funds and other institutional investors own 47.87% of the company’s stock.

Greif (NYSE:GEF) traded up $0.23 during mid-day trading on Friday, hitting $52.96. The stock had a trading volume of 125,306 shares, compared to its average volume of 210,715. The company has a quick ratio of 1.10, a current ratio of 1.56 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $2,700.00, a PE ratio of 20.06, a P/E/G ratio of 1.77 and a beta of 1.32. Greif has a 52 week low of $50.70 and a 52 week high of $63.04.

Greif Company Profile

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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Earnings History and Estimates for Greif (NYSE:GEF)

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