$2.22 Billion in Sales Expected for Graphic Packaging Holding (NYSE:GPK) This Quarter

Equities research analysts predict that Graphic Packaging Holding (NYSE:GPKGet Rating) will post $2.22 billion in sales for the current quarter, according to Zacks. Six analysts have made estimates for Graphic Packaging’s earnings, with estimates ranging from $2.00 billion to $2.29 billion. Graphic Packaging posted sales of $1.74 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 27.6%. The business is expected to issue its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Graphic Packaging will report full-year sales of $8.95 billion for the current financial year, with estimates ranging from $8.55 billion to $9.09 billion. For the next fiscal year, analysts expect that the business will post sales of $9.10 billion, with estimates ranging from $8.74 billion to $9.29 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Graphic Packaging.

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

GPK has been the subject of a number of research reports. Exane BNP Paribas upgraded shares of Graphic Packaging from a “neutral” rating to an “outperform” rating and set a $26.00 target price for the company in a research report on Tuesday, May 10th. BNP Paribas upgraded shares of Graphic Packaging from a “neutral” rating to an “outperform” rating and set a $26.00 target price for the company in a research report on Tuesday, May 10th. Citigroup lifted their target price on shares of Graphic Packaging from $24.00 to $26.00 in a research report on Friday, April 8th. Raymond James lifted their target price on shares of Graphic Packaging from $24.50 to $25.50 and gave the stock a “strong-buy” rating in a research report on Monday, April 25th. Finally, Robert W. Baird lifted their target price on shares of Graphic Packaging from $24.00 to $30.00 and gave the stock an “outperform” rating in a research report on Friday, February 18th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $24.32.

Shares of GPK opened at $20.35 on Friday. The company has a current ratio of 1.37, a quick ratio of 0.59 and a debt-to-equity ratio of 2.89. The stock has a market cap of $6.27 billion, a P/E ratio of 23.94, a PEG ratio of 0.39 and a beta of 0.95. The company has a 50-day moving average of $20.82 and a two-hundred day moving average of $20.08. Graphic Packaging has a 12-month low of $16.94 and a 12-month high of $22.71.

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 5th. Investors of record on Tuesday, March 15th were issued a $0.075 dividend. The ex-dividend date was Monday, March 14th. This represents a $0.30 dividend on an annualized basis and a yield of 1.47%. Graphic Packaging’s payout ratio is 35.29%.

Institutional investors have recently added to or reduced their stakes in the stock. CVA Family Office LLC acquired a new position in Graphic Packaging during the first quarter valued at approximately $31,000. Dark Forest Capital Management LP acquired a new position in Graphic Packaging during the third quarter valued at approximately $33,000. Meeder Asset Management Inc. acquired a new position in Graphic Packaging during the first quarter valued at approximately $69,000. Covestor Ltd acquired a new position in Graphic Packaging during the fourth quarter valued at approximately $70,000. Finally, Rockefeller Capital Management L.P. lifted its position in Graphic Packaging by 30.3% during the fourth quarter. Rockefeller Capital Management L.P. now owns 4,353 shares of the industrial products company’s stock valued at $84,000 after buying an additional 1,013 shares in the last quarter. Hedge funds and other institutional investors own 94.71% 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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