Greif (GEF) Scheduled to Post Quarterly Earnings on Wednesday

Greif (NYSE:GEFGet Free Report) is scheduled to be announcing its earnings results after the market closes on Wednesday, June 5th. Analysts expect the company to announce earnings of $0.77 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Greif (NYSE:GEFGet Free Report) last announced its quarterly earnings results on Wednesday, February 28th. The industrial products company reported $1.27 earnings per share for the quarter, beating the consensus estimate of $0.20 by $1.07. Greif had a net margin of 6.53% and a return on equity of 18.65%. The firm had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter in the previous year, the company posted $1.06 EPS. The company’s revenue was down 5.1% compared to the same quarter last year. On average, analysts expect Greif to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Greif Price Performance

Shares of GEF stock opened at $64.40 on Wednesday. The firm’s 50-day moving average is $64.40 and its two-hundred day moving average is $64.61. Greif has a 12 month low of $59.37 and a 12 month high of $76.00. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.57 and a quick ratio of 1.16. The company has a market capitalization of $3.03 billion, a PE ratio of 11.14, a price-to-earnings-growth ratio of 1.62 and a beta of 0.91.

Insiders Place Their Bets

In other news, VP Gary R. Martz bought 1,807 shares of the company’s stock in a transaction on Monday, April 8th. The stock was bought at an average cost of $68.37 per share, with a total value of $123,544.59. Following the transaction, the vice president now directly owns 23,100 shares in the company, valued at approximately $1,579,347. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, VP Gary R. Martz acquired 1,807 shares of the business’s stock in a transaction dated Monday, April 8th. The shares were acquired at an average price of $68.37 per share, with a total value of $123,544.59. Following the completion of the transaction, the vice president now owns 23,100 shares of the company’s stock, valued at $1,579,347. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Gary R. Martz bought 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 4th. The stock was bought at an average price of $68.98 per share, with a total value of $275,920.00. Following the completion of the acquisition, the vice president now owns 17,018 shares of the company’s stock, valued at approximately $1,173,901.64. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 42,934 shares of company stock worth $2,864,352 and have sold 6,000 shares worth $384,620. 3.07% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Separately, Truist Financial began coverage on Greif in a research note on Thursday, April 18th. They issued a “hold” rating and a $71.00 price target on the stock. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Greif currently has an average rating of “Moderate Buy” and a consensus target price of $77.25.

Get Our Latest Analysis on Greif

Greif Company Profile

(Get Free Report)

Greif, Inc engages in the production and sale of industrial packaging products and services worldwide. The company operates through Global Industrial Packaging; Paper Packaging & Services; and Land Management segments. The Global Industrial Packaging segment produces and sells industrial packaging products, including steel, fiber, and plastic drums; rigid and flexible intermediate bulk containers; closure systems for industrial packaging products; transit protection products; water bottles, and remanufactured and reconditioned industrial containers; and various services, such as container life cycle management, filling, logistics, warehousing, and other packaging services to chemicals, paints and pigments, food and beverage, petroleum, industrial coatings, agriculture, pharmaceuticals, mineral product, and other industries.

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Earnings History for Greif (NYSE:GEF)

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