Graphic Packaging Holding Forecasted to Post FY2022 Earnings of $2.10 Per Share (NYSE:GPK)

Graphic Packaging Holding (NYSE:GPKGet Rating) – Equities research analysts at Jefferies Financial Group increased their FY2022 earnings per share estimates for Graphic Packaging in a research note issued to investors on Tuesday, April 26th. Jefferies Financial Group analyst P. Ng now forecasts that the industrial products company will earn $2.10 per share for the year, up from their prior estimate of $1.89. Jefferies Financial Group also issued estimates for Graphic Packaging’s Q4 2022 earnings at $0.59 EPS and FY2023 earnings at $2.54 EPS.

Graphic Packaging (NYSE:GPKGet Rating) last released its quarterly earnings results on Tuesday, April 26th. The industrial products company reported $0.48 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.10. Graphic Packaging had a return on equity of 18.75% and a net margin of 2.85%. The business had revenue of $2.25 billion for the quarter, compared to analysts’ expectations of $2.19 billion. The company’s revenue was up 36.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.23 earnings per share.

Several other equities research analysts have also commented on GPK. Citigroup raised their price target on shares of Graphic Packaging from $24.00 to $26.00 in a research note on Friday, April 8th. Mizuho upped their price target on Graphic Packaging from $25.00 to $27.00 in a report on Friday, February 18th. KeyCorp cut Graphic Packaging from a “sector weight” rating to an “underweight” rating and set a $17.00 target price for the company. in a research report on Tuesday, January 18th. Zacks Investment Research lowered Graphic Packaging from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, Robert W. Baird boosted their target price on Graphic Packaging from $24.00 to $30.00 and gave the stock an “outperform” rating in a report on Friday, February 18th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Graphic Packaging has a consensus rating of “Buy” and an average price target of $23.91.

Shares of NYSE:GPK opened at $21.01 on Thursday. The company has a debt-to-equity ratio of 2.91, a quick ratio of 0.54 and a current ratio of 1.22. The company’s fifty day moving average is $20.30 and its two-hundred day moving average is $19.91. Graphic Packaging has a 1-year low of $16.94 and a 1-year high of $22.25. The stock has a market capitalization of $6.48 billion, a price-to-earnings ratio of 30.45, a price-to-earnings-growth ratio of 0.44 and a beta of 1.09.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 5th. Investors of record on Tuesday, March 15th were given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date was Monday, March 14th. Graphic Packaging’s payout ratio is 43.48%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GPK. Fuller & Thaler Asset Management Inc. lifted its holdings in Graphic Packaging by 1.8% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 21,029,309 shares of the industrial products company’s stock worth $410,072,000 after purchasing an additional 379,039 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Graphic Packaging by 241.1% in the fourth quarter. JPMorgan Chase & Co. now owns 15,497,757 shares of the industrial products company’s stock valued at $302,205,000 after acquiring an additional 10,954,420 shares during the period. BlackRock Inc. raised its holdings in shares of Graphic Packaging by 22.3% during the fourth quarter. BlackRock Inc. now owns 14,728,181 shares of the industrial products company’s stock valued at $287,199,000 after acquiring an additional 2,685,745 shares in the last quarter. Norges Bank purchased a new stake in shares of Graphic Packaging in the 4th quarter worth about $272,418,000. Finally, Handelsbanken Fonder AB grew its holdings in shares of Graphic Packaging by 8.7% during the 4th quarter. Handelsbanken Fonder AB now owns 9,597,852 shares of the industrial products company’s stock worth $187,158,000 after acquiring an additional 766,800 shares during the period. Hedge funds and other institutional investors own 93.08% of the company’s stock.

About Graphic Packaging (Get Rating)

Graphic Packaging Holding Company, together with its subsidiaries, provides fiber-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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