Analysts Anticipate Graphic Packaging Holding (NYSE:GPK) to Post $0.52 EPS

Equities analysts forecast that Graphic Packaging Holding (NYSE:GPKGet Rating) will post earnings of $0.52 per share for the current quarter, according to Zacks Investment Research. Six analysts have issued estimates for Graphic Packaging’s earnings. The highest EPS estimate is $0.57 and the lowest is $0.47. Graphic Packaging reported earnings of $0.26 per share during the same quarter last year, which would suggest a positive year over year growth rate of 100%. The firm is expected to issue its next earnings report on Monday, January 1st.

On average, analysts expect that Graphic Packaging will report full-year earnings of $2.13 per share for the current financial year, with EPS estimates ranging from $2.06 to $2.23. For the next fiscal year, analysts forecast that the business will report earnings of $2.36 per share, with EPS estimates ranging from $1.95 to $2.54. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Graphic Packaging.

Graphic Packaging (NYSE:GPKGet Rating) last released its quarterly earnings results on Tuesday, April 26th. The industrial products company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.10. Graphic Packaging had a return on equity of 22.68% and a net margin of 3.32%. The company had revenue of $2.25 billion during the quarter, compared to analysts’ expectations of $2.19 billion. During the same quarter in the prior year, the firm posted $0.23 EPS. Graphic Packaging’s quarterly revenue was up 36.1% compared to the same quarter last year.

Several research analysts recently weighed in on GPK shares. The Goldman Sachs Group increased their price objective on Graphic Packaging from $26.00 to $29.00 and gave the stock a “buy” rating in a research report on Wednesday, April 6th. KeyCorp cut Graphic Packaging from a “sector weight” rating to an “underweight” rating and set a $17.00 price objective on the stock. in a research note on Tuesday, January 18th. Mizuho increased their price objective on Graphic Packaging from $25.00 to $27.00 in a research note on Friday, February 18th. Raymond James increased their target price on Graphic Packaging from $24.50 to $25.50 and gave the company a “strong-buy” rating in a report on Monday, April 25th. Finally, StockNews.com assumed coverage on Graphic Packaging in a report on Thursday, March 31st. They issued a “hold” rating on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $24.10.

GPK stock opened at $21.80 on Thursday. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.37 and a quick ratio of 0.54. The business has a 50 day simple moving average of $20.36 and a 200-day simple moving average of $19.94. The firm has a market capitalization of $6.72 billion, a PE ratio of 25.65, a price-to-earnings-growth ratio of 0.41 and a beta of 1.09. Graphic Packaging has a 1 year low of $16.94 and a 1 year high of $22.29.

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 5th. Stockholders of record on Tuesday, March 15th were given a dividend of $0.075 per share. The ex-dividend date was Monday, March 14th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.38%. Graphic Packaging’s payout ratio is 35.29%.

Several hedge funds have recently bought and sold shares of the company. Xponance Inc. raised its position in shares of Graphic Packaging by 4.3% during the 1st quarter. Xponance Inc. now owns 12,258 shares of the industrial products company’s stock worth $246,000 after purchasing an additional 502 shares during the last quarter. Connable Office Inc. raised its holdings in Graphic Packaging by 1.9% in 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 raised its holdings in Graphic Packaging by 4.7% in the 4th quarter. Stephens Inc. AR now owns 13,086 shares of the industrial products company’s stock valued at $255,000 after acquiring an additional 588 shares during the last quarter. Van ECK Associates Corp raised its holdings 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 valued at $90,000 after acquiring an additional 808 shares during the last quarter. Finally, First Republic Investment Management Inc. raised its holdings in 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 valued at $546,000 after acquiring an additional 854 shares during the last quarter. Institutional investors own 93.08% of the company’s stock.

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.

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