Graphic Packaging (NYSE:GPK) posted its quarterly earnings data on Tuesday. The industrial products company reported $0.21 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.03, MarketWatch Earnings reports. The business had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.54 billion. Graphic Packaging had a return on equity of 11.67% and a net margin of 3.67%. Graphic Packaging’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.19 earnings per share.

Shares of Graphic Packaging stock opened at $12.98 on Tuesday. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.50 and a quick ratio of 0.64. Graphic Packaging has a 1-year low of $10.04 and a 1-year high of $16.61. The stock has a market cap of $3.82 billion, a price-to-earnings ratio of 16.02, a price-to-earnings-growth ratio of 1.18 and a beta of 1.35.

The firm also recently declared a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 15th were issued a dividend of $0.075 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.30 dividend on an annualized basis and a yield of 2.31%. Graphic Packaging’s payout ratio is currently 37.04%.

In other Graphic Packaging news, Director Robert Hagemann purchased 15,000 shares of the firm’s stock in a transaction on Wednesday, February 27th. The stock was purchased at an average cost of $12.25 per share, for a total transaction of $183,750.00. Following the acquisition, the director now owns 65,329 shares in the company, valued at approximately $800,280.25. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.72% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. Resources Investment Advisors Inc. acquired a new stake in shares of Graphic Packaging in the 4th quarter valued at about $28,000. First Personal Financial Services grew its stake in shares of Graphic Packaging by 101.9% in the 4th quarter. First Personal Financial Services now owns 2,954 shares of the industrial products company’s stock valued at $31,000 after buying an additional 1,491 shares during the period. Quantamental Technologies LLC acquired a new stake in shares of Graphic Packaging in the 4th quarter valued at about $52,000. Pearl River Capital LLC acquired a new stake in shares of Graphic Packaging in the 4th quarter valued at about $54,000. Finally, First Hawaiian Bank grew its stake in shares of Graphic Packaging by 319.5% in the 1st quarter. First Hawaiian Bank now owns 5,403 shares of the industrial products company’s stock valued at $68,000 after buying an additional 4,115 shares during the period.

A number of analysts recently weighed in on the company. Zacks Investment Research upgraded Graphic Packaging from a “hold” rating to a “strong-buy” rating and set a $15.00 price objective for the company in a report on Wednesday, April 10th. ValuEngine downgraded Graphic Packaging from a “hold” rating to a “sell” rating in a report on Monday, February 25th. Finally, UBS Group assumed coverage on Graphic Packaging in a report on Friday, January 4th. They issued a “neutral” rating and a $11.50 price objective for the company. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $16.13.

TRADEMARK VIOLATION WARNING: “Graphic Packaging (GPK) Announces Earnings Results, Beats Expectations By $0.03 EPS” was originally posted by Watch List News and is the sole property of of Watch List News. If you are accessing this report on another domain, it was illegally stolen and reposted in violation of US & international trademark & copyright law. The correct version of this report can be accessed at https://www.watchlistnews.com/graphic-packaging-gpk-announces-earnings-results-beats-expectations-by-0-03-eps/2982309.html.

About Graphic Packaging

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.

Featured Article: How to Invest in the Dividend Aristocrat Index

Earnings History for Graphic Packaging (NYSE:GPK)

Receive News & Ratings for Graphic Packaging Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Graphic Packaging and related companies with MarketBeat.com's FREE daily email newsletter.