Analysts predict that Greif Bros. Corporation (NYSE:GEF) will report $934.99 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Greif Bros. Corporation’s earnings, with estimates ranging from $918.70 million to $949.30 million. Greif Bros. Corporation posted sales of $867.60 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 7.8%. The company is expected to issue its next quarterly earnings report on Wednesday, December 6th.

On average, analysts expect that Greif Bros. Corporation will report full-year sales of $934.99 million for the current year, with estimates ranging from $3.59 billion to $3.62 billion. For the next financial year, analysts forecast that the business will report sales of $3.70 billion per share, with estimates ranging from $3.64 billion to $3.75 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover Greif Bros. Corporation.

Greif Bros. Corporation (NYSE:GEF) last posted its quarterly earnings data on Wednesday, August 30th. The industrial products company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.84 by $0.01. Greif Bros. Corporation had a net margin of 2.65% and a return on equity of 15.49%. The business had revenue of $961.80 million for the quarter, compared to analyst estimates of $901.76 million. During the same quarter in the previous year, the firm posted $0.91 earnings per share. Greif Bros. Corporation’s quarterly revenue was up 13.8% on a year-over-year basis.

Several research analysts have issued reports on GEF shares. Robert W. Baird reiterated a “buy” rating and set a $66.00 target price on shares of Greif Bros. Corporation in a report on Friday, September 1st. ValuEngine upgraded shares of Greif Bros. Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 9th. Bank of America Corporation set a $60.00 target price on shares of Greif Bros. Corporation and gave the stock a “buy” rating in a report on Saturday, June 10th. BMO Capital Markets reiterated a “hold” rating and set a $55.00 target price on shares of Greif Bros. Corporation in a report on Thursday, August 17th. Finally, BidaskClub upgraded shares of Greif Bros. Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $57.50.

Shares of Greif Bros. Corporation (NYSE GEF) opened at 58.46 on Thursday. Greif Bros. Corporation has a 1-year low of $45.54 and a 1-year high of $63.04. The company’s 50-day moving average is $57.03 and its 200 day moving average is $56.44. The company has a market cap of $2.80 billion, a price-to-earnings ratio of 29.80 and a beta of 1.35.

The company also recently declared a quarterly dividend, which will be paid on Sunday, October 1st. Stockholders of record on Monday, September 18th will be issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date of this dividend is Friday, September 15th. Greif Bros. Corporation’s dividend payout ratio is currently 105.66%.

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In other news, major shareholder Shannon J. Diener purchased 5,189 shares of the stock in a transaction dated Thursday, July 6th. The shares were acquired at an average cost of $62.37 per share, for a total transaction of $323,637.93. Following the acquisition, the insider now owns 10,189 shares of the company’s stock, valued at $635,487.93. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. 16.79% of the stock is currently owned by company insiders.

Several large investors have recently added to or reduced their stakes in the company. Amalgamated Bank bought a new stake in shares of Greif Bros. Corporation in the 2nd quarter valued at about $208,000. AMG National Trust Bank boosted its holdings in shares of Greif Bros. Corporation by 7.1% in the 2nd quarter. AMG National Trust Bank now owns 16,468 shares of the industrial products company’s stock valued at $918,000 after buying an additional 1,090 shares in the last quarter. Neuberger Berman Group LLC boosted its holdings in shares of Greif Bros. Corporation by 2.1% in the 2nd quarter. Neuberger Berman Group LLC now owns 11,231 shares of the industrial products company’s stock valued at $626,000 after buying an additional 231 shares in the last quarter. Mondrian Investment Partners LTD boosted its holdings in shares of Greif Bros. Corporation by 21.0% in the 2nd quarter. Mondrian Investment Partners LTD now owns 64,244 shares of the industrial products company’s stock valued at $3,584,000 after buying an additional 11,166 shares in the last quarter. Finally, Arizona State Retirement System boosted its holdings in shares of Greif Bros. Corporation by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 10,900 shares of the industrial products company’s stock valued at $608,000 after buying an additional 200 shares in the last quarter. Institutional investors and hedge funds own 47.83% of the company’s stock.

Greif Bros. Corporation Company Profile

Greif, Inc is a producer of industrial packaging products and services. The Company’s segments are Rigid Industrial Packaging & Services; Paper Packaging & Services; Flexible Products & Services, and Land Management. The Rigid Industrial Packaging & Services segment is engaged in the production and sale of rigid industrial packaging products, and services, such as container life cycle management, filling, logistics, warehousing and other packaging services.

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Earnings History and Estimates for Greif Bros. Corporation (NYSE:GEF)

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