Zacks: Analysts Expect Graphic Packaging Holding (NYSE:GPK) Will Post Quarterly Sales of $2.22 Billion

Wall Street brokerages expect Graphic Packaging Holding (NYSE:GPKGet Rating) to report sales of $2.22 billion for the current quarter, Zacks reports. Six analysts have made estimates for Graphic Packaging’s earnings, with estimates ranging from $2.00 billion to $2.29 billion. Graphic Packaging reported sales of $1.74 billion during the same quarter last year, which indicates a positive year over year growth rate of 27.6%. The firm is scheduled to announce its next quarterly earnings report on Monday, January 1st.

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

Graphic Packaging (NYSE:GPKGet Rating) last announced its quarterly earnings results on Tuesday, April 26th. The industrial products company reported $0.48 EPS for the quarter, beating 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 period in the prior year, the company earned $0.23 EPS. Graphic Packaging’s revenue was up 36.1% compared to the same quarter last year.

A number of research analysts have recently commented on the company. Citigroup increased their price target on Graphic Packaging from $24.00 to $26.00 in a research note on Friday, April 8th. BNP Paribas raised 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. Zacks Investment Research raised Graphic Packaging from a “hold” rating to a “strong-buy” rating and set a $25.00 target price for the company in a research report on Friday, April 29th. StockNews.com initiated coverage on Graphic Packaging in a research report on Thursday, March 31st. They set a “hold” rating for the company. Finally, The Goldman Sachs Group raised their target price on Graphic Packaging from $26.00 to $29.00 and gave the stock a “buy” rating in a research report on Wednesday, April 6th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Graphic Packaging has a consensus rating of “Buy” and a consensus target price of $24.32.

Shares of GPK opened at $20.35 on Friday. Graphic Packaging has a 52 week low of $16.94 and a 52 week high of $22.71. The stock has a market capitalization of $6.27 billion, a price-to-earnings ratio of 23.94, a PEG ratio of 0.39 and a beta of 0.95. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.59 and a current ratio of 1.37. The stock has a fifty day moving average of $20.82 and a 200-day moving average of $20.08.

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

Several institutional investors and hedge funds have recently modified their holdings of GPK. CVA Family Office LLC acquired a new stake in shares of Graphic Packaging in the 1st quarter valued at about $31,000. Dark Forest Capital Management LP acquired a new stake in shares of Graphic Packaging in the 3rd quarter valued at about $33,000. Meeder Asset Management Inc. acquired a new stake in shares of Graphic Packaging in the 1st quarter valued at about $69,000. Covestor Ltd acquired a new stake in shares of Graphic Packaging in the 4th quarter valued at about $70,000. Finally, Rockefeller Capital Management L.P. grew its stake in shares of Graphic Packaging by 30.3% in the 4th 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 during the period. 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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