Research Analysts Offer Predictions for Graphic Packaging Holding’s Q2 2022 Earnings (NYSE:GPK)

Graphic Packaging Holding (NYSE:GPK – Get Rating) – Stock analysts at KeyCorp lifted their Q2 2022 earnings estimates for Graphic Packaging in a report issued on Tuesday, April 26th. KeyCorp analyst A. Josephson now anticipates that the industrial products company will earn $0.57 per share for the quarter, up from their prior forecast of $0.49. KeyCorp currently has a “Underweight” rating and a $17.00 price objective on the stock. KeyCorp also issued estimates for Graphic Packaging’s Q3 2022 earnings at $0.53 EPS, Q4 2022 earnings at $0.48 EPS, FY2022 earnings at $2.06 EPS and FY2023 earnings at $1.95 EPS.

Graphic Packaging (NYSE:GPK – Get Rating) last posted its quarterly earnings data on Tuesday, April 26th. The industrial products company reported $0.48 earnings per share (EPS) for the quarter, topping the 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 company had revenue of $2.25 billion for the quarter, compared to the consensus estimate of $2.19 billion. During the same period in the previous year, the business earned $0.23 EPS. Graphic Packaging’s revenue for the quarter was up 36.1% compared to the same quarter last year.

GPK has been the topic of several other reports. The Goldman Sachs Group lifted their price objective on Graphic Packaging from $26.00 to $29.00 and gave the stock a “buy” rating in a report on Wednesday, April 6th. Robert W. Baird boosted their price target on Graphic Packaging from $24.00 to $30.00 and gave the company an “outperform” rating in a report on Friday, February 18th. StockNews.com assumed coverage on Graphic Packaging in a report on Thursday, March 31st. They issued a “hold” rating for the company. Raymond James boosted their price target on Graphic Packaging from $24.50 to $25.50 and gave the company a “strong-buy” rating in a report on Monday. Finally, Citigroup boosted their price target on Graphic Packaging from $24.00 to $26.00 in a report on Friday, April 8th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $23.91.

GPK stock opened at $21.01 on Thursday. The company has a quick ratio of 0.54, a current ratio of 1.22 and a debt-to-equity ratio of 2.91. Graphic Packaging has a 52-week low of $16.94 and a 52-week high of $22.25. The stock’s 50 day moving average is $20.30 and its two-hundred day moving average is $19.91. The company has a market capitalization of $6.48 billion, a PE ratio of 30.45, a P/E/G ratio of 0.44 and a beta of 1.09.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Graphic Packaging by 85.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 43,804 shares of the industrial products company’s stock valued at $854,000 after acquiring an additional 20,223 shares during the last quarter. Morgan Stanley increased its position in shares of Graphic Packaging by 9.7% in the third quarter. Morgan Stanley now owns 1,059,177 shares of the industrial products company’s stock valued at $20,166,000 after acquiring an additional 93,334 shares during the last quarter. Privium Fund Management UK Ltd bought a new position in Graphic Packaging during the third quarter worth about $666,000. Howard Capital Management Group LLC grew its holdings in Graphic Packaging by 2.7% during the fourth quarter. Howard Capital Management Group LLC now owns 681,715 shares of the industrial products company’s stock worth $13,293,000 after purchasing an additional 17,900 shares during the period. Finally, First Republic Investment Management Inc. grew its holdings in Graphic Packaging by 3.1% during the third quarter. First Republic Investment Management Inc. now owns 28,692 shares of the industrial products company’s stock worth $546,000 after purchasing an additional 854 shares during the period. 93.08% of the stock is currently owned by hedge funds and other institutional investors.

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

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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