Wall Street brokerages expect Graphic Packaging Holding (NYSE:GPK) to post $1.55 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Graphic Packaging’s earnings, with the highest sales estimate coming in at $1.58 billion and the lowest estimate coming in at $1.53 billion. Graphic Packaging reported sales of $1.06 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 46.2%. The firm is expected to issue its next quarterly earnings report on Tuesday, April 24th.

On average, analysts expect that Graphic Packaging will report full-year sales of $1.55 billion for the current fiscal year, with estimates ranging from $6.19 billion to $6.29 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $6.20 billion per share, with estimates ranging from $6.00 billion to $6.44 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow Graphic Packaging.

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Graphic Packaging (NYSE:GPK) last posted its earnings results on Tuesday, February 6th. The industrial products company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.02). The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.11 billion. Graphic Packaging had a net margin of 6.82% and a return on equity of 17.09%. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.14 earnings per share.

GPK has been the subject of a number of research reports. Royal Bank of Canada restated a “buy” rating and set a $19.00 target price on shares of Graphic Packaging in a research report on Thursday, February 1st. BMO Capital Markets restated a “buy” rating and set a $18.00 target price on shares of Graphic Packaging in a research report on Thursday, January 25th. Finally, Zacks Investment Research upgraded shares of Graphic Packaging from a “sell” rating to a “hold” rating and set a $18.00 target price for the company in a research report on Monday, January 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. Graphic Packaging currently has an average rating of “Buy” and a consensus target price of $17.21.

Graphic Packaging stock opened at $15.15 on Thursday. The stock has a market cap of $4,735.55, a price-to-earnings ratio of 15.62, a P/E/G ratio of 3.52 and a beta of 1.16. Graphic Packaging has a 1 year low of $12.53 and a 1 year high of $16.74. The company has a current ratio of 1.37, a quick ratio of 0.63 and a debt-to-equity ratio of 1.71.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 5th. Shareholders of record on Thursday, March 15th will be given a $0.075 dividend. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.98%. Graphic Packaging’s dividend payout ratio (DPR) is currently 30.93%.

In other Graphic Packaging news, SVP Alan R. Nichols sold 150,000 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $15.50, for a total value of $2,325,000.00. Following the completion of the transaction, the senior vice president now owns 123,885 shares in the company, valued at $1,920,217.50. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Joseph P. Yost sold 15,137 shares of the company’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $15.60, for a total transaction of $236,137.20. Following the completion of the transaction, the senior vice president now owns 343,472 shares of the company’s stock, valued at approximately $5,358,163.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 215,137 shares of company stock valued at $3,311,137. Insiders own 1.02% of the company’s stock.

Several institutional investors have recently modified their holdings of GPK. American International Group Inc. acquired a new position in shares of Graphic Packaging in the fourth quarter worth about $109,000. Cutler Group LP raised its position in shares of Graphic Packaging by 706.7% in the fourth quarter. Cutler Group LP now owns 8,204 shares of the industrial products company’s stock worth $126,000 after acquiring an additional 7,187 shares during the period. The Manufacturers Life Insurance Company raised its position in shares of Graphic Packaging by 6.6% in the second quarter. The Manufacturers Life Insurance Company now owns 12,512 shares of the industrial products company’s stock worth $172,000 after acquiring an additional 774 shares during the period. Capital Fund Management S.A. acquired a new position in shares of Graphic Packaging in the fourth quarter worth about $232,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Graphic Packaging by 42.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,841 shares of the industrial products company’s stock worth $260,000 after acquiring an additional 5,023 shares during the period. Institutional investors and hedge funds own 99.83% of the company’s stock.

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Graphic Packaging Company Profile

Graphic Packaging Holding Company is a provider of paper-based packaging solutions for a range of products to food, beverage and other consumer product companies. The Company’s segments include Paperboard Mills, Americas Paperboard Packaging, Europe Paperboard Packaging, and Corporate and Other. The Paperboard Mills segment includes the Company’s North American paperboard mills, which produce primarily coated unbleached kraft and coated recycled board.

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

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