Seaport Global Securities Comments on Graphic Packaging Holding’s Q1 2021 Earnings (NYSE:GPK)


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Graphic Packaging Holding (NYSE:GPK) – Seaport Global Securities issued their Q1 2021 earnings estimates for Graphic Packaging in a report released on Monday, January 11th. Seaport Global Securities analyst M. Weintraub expects that the industrial products company will earn $0.31 per share for the quarter. Seaport Global Securities currently has a “Neutral” rating on the stock. Seaport Global Securities also issued estimates for Graphic Packaging’s Q2 2021 earnings at $0.28 EPS, Q3 2021 earnings at $0.30 EPS, Q4 2021 earnings at $0.35 EPS and FY2021 earnings at $1.24 EPS.

Graphic Packaging (NYSE:GPK) last issued its earnings results on Tuesday, October 20th. The industrial products company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.04. Graphic Packaging had a return on equity of 15.24% and a net margin of 2.12%. The business had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same period in the previous year, the company posted $0.20 EPS. The firm’s revenue was up 7.3% compared to the same quarter last year.

Other analysts have also issued reports about the company. Morgan Stanley boosted their target price on Graphic Packaging from $17.00 to $20.00 and gave the company an “overweight” rating in a research report on Tuesday. BidaskClub raised Graphic Packaging from a “buy” rating to a “strong-buy” rating in a research report on Saturday, December 12th. UBS Group assumed coverage on Graphic Packaging in a research report on Tuesday. They issued a “neutral” rating and a $18.00 target price for the company. Zacks Investment Research lowered Graphic Packaging from a “buy” rating to a “hold” rating in a report on Wednesday, October 21st. Finally, ValuEngine raised Graphic Packaging from a “sell” rating to a “hold” rating in a report on Wednesday, November 18th. Seven investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $16.88.

Shares of Graphic Packaging stock opened at $17.87 on Tuesday. Graphic Packaging has a one year low of $10.40 and a one year high of $18.22. The firm has a market capitalization of $4.84 billion, a price-to-earnings ratio of 36.47, a PEG ratio of 0.60 and a beta of 1.18. The business has a 50-day simple moving average of $16.63 and a 200 day simple moving average of $14.84. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.17 and a quick ratio of 0.50.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 5th. Stockholders of record on Tuesday, December 15th were paid a $0.075 dividend. The ex-dividend date was Monday, December 14th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.68%. Graphic Packaging’s payout ratio is presently 34.48%.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Strs Ohio boosted its stake in shares of Graphic Packaging by 11.4% in the 3rd quarter. Strs Ohio now owns 210,550 shares of the industrial products company’s stock worth $2,966,000 after buying an additional 21,576 shares during the last quarter. Mercer Global Advisors Inc. ADV purchased a new position in shares of Graphic Packaging in the 3rd quarter worth approximately $714,000. Aurora Investment Counsel boosted its stake in shares of Graphic Packaging by 3.2% in the 3rd quarter. Aurora Investment Counsel now owns 61,239 shares of the industrial products company’s stock worth $941,000 after buying an additional 1,920 shares during the last quarter. Schonfeld Strategic Advisors LLC purchased a new position in shares of Graphic Packaging in the 3rd quarter worth approximately $192,000. Finally, Great West Life Assurance Co. Can boosted its stake in shares of Graphic Packaging by 21.6% in the 3rd quarter. Great West Life Assurance Co. Can now owns 27,353 shares of the industrial products company’s stock worth $385,000 after buying an additional 4,865 shares during the last quarter. Hedge funds and other institutional investors own 89.89% of the company’s stock.

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 products, such as folding cartons, cups, lids, and food containers primarily to consumer packaged goods, quick-service restaurants, and foodservice companies.

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

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