Greif (GEF) Releases FY18 Earnings Guidance
Greif (NYSE:GEF) issued an update on its FY18 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $3.55-3.95 for the period, compared to the Thomson Reuters consensus estimate of $3.62.
GEF stock opened at $44.54 on Friday. The company has a current ratio of 1.47, a quick ratio of 1.09 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $2.16 billion, a price-to-earnings ratio of 12.75, a P/E/G ratio of 1.30 and a beta of 1.30. Greif has a 1 year low of $43.04 and a 1 year high of $65.60.
Greif (NYSE:GEF) last posted its earnings results on Wednesday, December 5th. The industrial products company reported $1.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.11). The company had revenue of $987.70 million during the quarter, compared to the consensus estimate of $1.02 billion. Greif had a net margin of 5.41% and a return on equity of 18.24%. As a group, analysts predict that Greif will post 4 EPS for the current year.
A number of research analysts have recently commented on GEF shares. Wells Fargo & Co set a $65.00 price target on Greif and gave the company a buy rating in a report on Thursday, October 18th. Zacks Investment Research lowered Greif from a hold rating to a sell rating in a report on Monday, November 26th. Finally, KeyCorp reissued a sell rating and set a $50.00 price target on shares of Greif in a report on Thursday, August 30th. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of $58.50.
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Greif, Inc produces and sells industrial packaging products and services worldwide. It operates in four segments: Rigid Industrial Packaging & Services; Paper Packaging & Services; Flexible Products & Services; and Land Management. The Rigid Industrial Packaging & Services segment offers rigid industrial packaging products, including steel, fiber, and plastic drums; rigid intermediate bulk containers; closure systems for industrial packaging products; transit protection products; water bottles, and remanufactured and reconditioned industrial containers; and services, such as container life cycle management, filling, logistics, warehousing, and other packaging services.
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