Q2 2022 EPS Estimates for Graphic Packaging Holding (NYSE:GPK) Boosted by Jefferies Financial Group

Graphic Packaging Holding (NYSE:GPKGet Rating) – Equities researchers at Jefferies Financial Group boosted their Q2 2022 EPS estimates for shares of Graphic Packaging in a note issued to investors on Tuesday, April 26th. Jefferies Financial Group analyst P. Ng now expects that the industrial products company will post earnings of $0.48 per share for the quarter, up from their previous forecast of $0.41. Jefferies Financial Group also issued estimates for Graphic Packaging’s Q3 2022 earnings at $0.55 EPS.

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

GPK has been the topic of a number of other research reports. Robert W. Baird raised their target price 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 initiated coverage on Graphic Packaging in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Mizuho upped their target price on shares of Graphic Packaging from $25.00 to $27.00 in a research note on Friday, February 18th. KeyCorp lowered shares of Graphic Packaging from a “sector weight” rating to an “underweight” rating and set a $17.00 price target on the stock. in a research report on Tuesday, January 18th. Finally, Zacks Investment Research downgraded shares of Graphic Packaging from a “buy” rating to a “hold” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $24.03.

Shares of NYSE GPK opened at $21.91 on Friday. The stock has a market cap of $6.75 billion, a price-to-earnings ratio of 31.75, a PEG ratio of 0.44 and a beta of 1.09. The company has a debt-to-equity ratio of 2.91, a quick ratio of 0.54 and a current ratio of 1.22. Graphic Packaging has a fifty-two week low of $16.94 and a fifty-two week high of $22.25. The firm’s 50-day simple moving average is $20.33 and its 200 day simple moving average is $19.93.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 5th. Investors of record on Tuesday, March 15th were paid a dividend of $0.075 per share. The ex-dividend date of this dividend was Monday, March 14th. This represents a $0.30 annualized dividend and a yield of 1.37%. Graphic Packaging’s dividend payout ratio is currently 43.48%.

Several institutional investors have recently added to or reduced their stakes in the company. Xponance Inc. boosted its stake in Graphic Packaging by 4.3% during the first quarter. Xponance Inc. now owns 12,258 shares of the industrial products company’s stock valued at $246,000 after buying an additional 502 shares during the period. Connable Office Inc. boosted its position in shares of Graphic Packaging by 1.9% during the 4th quarter. Connable Office Inc. now owns 29,308 shares of the industrial products company’s stock valued at $572,000 after acquiring an additional 543 shares during the last quarter. Stephens Inc. AR grew its holdings in shares of Graphic Packaging by 4.7% during the fourth quarter. Stephens Inc. AR now owns 13,086 shares of the industrial products company’s stock worth $255,000 after purchasing an additional 588 shares in the last quarter. Van ECK Associates Corp grew its stake in Graphic Packaging by 20.7% in the 3rd quarter. Van ECK Associates Corp now owns 4,712 shares of the industrial products company’s stock worth $90,000 after buying an additional 808 shares in the last quarter. Finally, First Republic Investment Management Inc. increased its holdings in shares of Graphic Packaging by 3.1% in the 3rd quarter. First Republic Investment Management Inc. now owns 28,692 shares of the industrial products company’s stock worth $546,000 after buying an additional 854 shares during the last quarter. 93.08% of the stock is currently owned by hedge funds and other institutional investors.

Graphic Packaging Company Profile (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.

See Also

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

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