Graphic Packaging Holding (NYSE:GPK) Expected to Post Quarterly Sales of $1.66 Billion


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Wall Street analysts expect that Graphic Packaging Holding (NYSE:GPK) will announce sales of $1.66 billion for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Graphic Packaging’s earnings. The lowest sales estimate is $1.59 billion and the highest is $1.72 billion. Graphic Packaging posted sales of $1.60 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 3.8%. The business is scheduled to issue its next earnings report before the market opens on Tuesday, April 27th.

On average, analysts expect that Graphic Packaging will report full-year sales of $6.80 billion for the current fiscal year, with estimates ranging from $6.73 billion to $6.89 billion. For the next financial year, analysts anticipate that the company will post sales of $6.92 billion, with estimates ranging from $6.87 billion to $6.99 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover Graphic Packaging.

Graphic Packaging (NYSE:GPK) last announced its quarterly earnings data on Monday, February 1st. The industrial products company reported $0.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.01. Graphic Packaging had a return on equity of 15.24% and a net margin of 2.12%. The business had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.59 billion. During the same period last year, the company earned $0.23 earnings per share. Graphic Packaging’s quarterly revenue was up 8.7% compared to the same quarter last year.

GPK has been the topic of a number of recent research reports. UBS Group began coverage on Graphic Packaging in a research report on Tuesday, January 12th. They set a “neutral” rating and a $18.00 target price on the stock. Zacks Investment Research cut shares of Graphic Packaging from a “buy” rating to a “hold” rating in a research note on Friday, February 5th. Seaport Global Securities restated a “neutral” rating on shares of Graphic Packaging in a research report on Monday, January 11th. Morgan Stanley upped their target price on shares of Graphic Packaging from $17.00 to $20.00 and gave the company an “overweight” rating in a research report on Tuesday, January 12th. Finally, Wells Fargo & Company started coverage on shares of Graphic Packaging in a research report on Wednesday, March 31st. They set an “overweight” rating and a $23.00 target price for the company. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $18.50.

Shares of Graphic Packaging stock traded down $0.55 during trading on Monday, reaching $18.01. The company’s stock had a trading volume of 166,838 shares, compared to its average volume of 2,971,940. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.50 and a current ratio of 1.17. The business’s fifty day moving average price is $17.30 and its 200-day moving average price is $16.04. The firm has a market cap of $4.82 billion, a price-to-earnings ratio of 37.88, a price-to-earnings-growth ratio of 0.59 and a beta of 1.19. Graphic Packaging has a one year low of $12.11 and a one year high of $18.88.

The company also recently announced a quarterly dividend, which was paid on Monday, April 5th. Investors of record on Monday, March 15th were paid a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date of this dividend was Friday, March 12th. Graphic Packaging’s dividend payout ratio is presently 34.48%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Norges Bank bought a new position in shares of Graphic Packaging in the 4th quarter worth $160,620,000. Waratah Capital Advisors Ltd. purchased a new stake in shares of Graphic Packaging in the 4th quarter worth about $60,348,000. Fuller & Thaler Asset Management Inc. lifted its position in Graphic Packaging by 9.9% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 13,820,378 shares of the industrial products company’s stock valued at $234,117,000 after acquiring an additional 1,244,365 shares during the period. Key Group Holdings Cayman LTD. purchased a new position in Graphic Packaging during the 3rd quarter valued at about $14,293,000. Finally, Credit Suisse AG lifted its position in Graphic Packaging by 27.1% during the 4th quarter. Credit Suisse AG now owns 3,282,368 shares of the industrial products company’s stock valued at $55,603,000 after acquiring an additional 699,047 shares during the period. Institutional investors and hedge funds own 94.20% of the company’s stock.

Graphic Packaging Company Profile

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 products, such as folding cartons, cups, lids, and food containers primarily to consumer packaged goods, quick-service restaurants, and foodservice companies; and barrier packaging products that protect against moisture, hot and cold temperature, grease, oil, oxygen, sunlight, insects, and other potential product-damaging factors.

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Earnings History and Estimates for Graphic Packaging (NYSE:GPK)

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