Analysts expect Graphic Packaging Holding (NYSE:GPK) to post $1.59 billion in sales for the current quarter, Zacks reports. Four analysts have issued estimates for Graphic Packaging’s earnings. The highest sales estimate is $1.64 billion and the lowest is $1.55 billion. Graphic Packaging reported sales of $1.14 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 39.5%. The firm is expected to issue its next earnings results on Tuesday, October 23rd.

On average, analysts expect that Graphic Packaging will report full year sales of $6.11 billion for the current financial year, with estimates ranging from $6.04 billion to $6.23 billion. For the next financial year, analysts forecast that the company will report sales of $6.38 billion, with estimates ranging from $6.28 billion to $6.55 billion. Zacks’ sales averages are a mean average based on a survey of analysts that that provide coverage for Graphic Packaging.

Graphic Packaging (NYSE:GPK) last announced its quarterly earnings results on Tuesday, July 24th. The industrial products company reported $0.18 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.02). Graphic Packaging had a return on equity of 13.05% and a net margin of 5.74%. The business had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.56 billion. During the same quarter last year, the company earned $0.15 EPS. The business’s revenue for the quarter was up 37.8% compared to the same quarter last year.

Several research analysts have recently commented on GPK shares. Zacks Investment Research lowered shares of Graphic Packaging from a “hold” rating to a “sell” rating in a research note on Wednesday, June 27th. Bank of America increased their price target on shares of Graphic Packaging from $16.80 to $17.00 and gave the stock a “buy” rating in a research note on Monday, July 16th. Finally, Citigroup dropped their price target on shares of Graphic Packaging from $18.00 to $17.00 and set a “buy” rating on the stock in a research note on Wednesday, July 25th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Graphic Packaging currently has an average rating of “Buy” and an average price target of $17.94.

Shares of GPK opened at $14.00 on Friday. Graphic Packaging has a 12 month low of $13.61 and a 12 month high of $16.74. The firm has a market cap of $4.36 billion, a PE ratio of 22.32, a price-to-earnings-growth ratio of 1.11 and a beta of 1.08. The company has a current ratio of 1.77, a quick ratio of 0.81 and a debt-to-equity ratio of 1.35.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 5th. Stockholders of record on Saturday, September 15th will be paid a dividend of $0.075 per share. The ex-dividend date is Thursday, September 13th. This represents a $0.30 annualized dividend and a dividend yield of 2.14%. Graphic Packaging’s dividend payout ratio (DPR) is 47.62%.

Several institutional investors and hedge funds have recently made changes to their positions in GPK. Northern Trust Corp boosted its holdings in shares of Graphic Packaging by 1.3% during the 1st quarter. Northern Trust Corp now owns 1,727,637 shares of the industrial products company’s stock worth $26,519,000 after buying an additional 21,532 shares during the period. BlackRock Inc. boosted its holdings in shares of Graphic Packaging by 0.3% during the 1st quarter. BlackRock Inc. now owns 12,995,642 shares of the industrial products company’s stock worth $199,485,000 after buying an additional 34,797 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Graphic Packaging by 5.6% during the 1st quarter. JPMorgan Chase & Co. now owns 7,573,776 shares of the industrial products company’s stock worth $116,258,000 after buying an additional 401,881 shares during the period. California Public Employees Retirement System boosted its holdings in shares of Graphic Packaging by 12.3% during the 1st quarter. California Public Employees Retirement System now owns 776,975 shares of the industrial products company’s stock worth $11,927,000 after buying an additional 85,357 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Graphic Packaging by 3.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,894,031 shares of the industrial products company’s stock worth $75,123,000 after buying an additional 159,299 shares during the period. Institutional investors own 99.12% of the company’s stock.

About Graphic Packaging

Graphic Packaging Holding Company, together with its subsidiaries, provides paper-based packaging solutions to food, beverage, 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) and coated recycled paperboard (CRB) to various paperboard packaging converters and brokers; and paperboard packaging folding cartons primarily to consumer packaged goods companies.

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