$1.55 Billion in Sales Expected for Graphic Packaging Holding (NYSE:GPK) This Quarter

Analysts expect that Graphic Packaging Holding (NYSE:GPK) will post $1.55 billion in sales for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for Graphic Packaging’s earnings, with the highest sales estimate coming in at $1.57 billion and the lowest estimate coming in at $1.54 billion. Graphic Packaging reported sales of $1.51 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 2.6%. The firm is scheduled to announce its next quarterly earnings report on Tuesday, July 23rd.

On average, analysts expect that Graphic Packaging will report full-year sales of $6.17 billion for the current financial year, with estimates ranging from $6.13 billion to $6.19 billion. For the next fiscal year, analysts expect that the company will post sales of $6.27 billion, with estimates ranging from $6.17 billion to $6.34 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Graphic Packaging.

Graphic Packaging (NYSE:GPK) last announced its quarterly earnings data on Tuesday, April 23rd. The industrial products company reported $0.21 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.03. Graphic Packaging had a net margin of 4.12% and a return on equity of 12.05%. The company had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.54 billion. During the same quarter in the prior year, the company earned $0.19 EPS. The firm’s revenue was up 1.9% on a year-over-year basis.

A number of equities research analysts have recently issued reports on the stock. KeyCorp reaffirmed a “hold” rating on shares of Graphic Packaging in a research note on Wednesday, April 24th. ValuEngine raised shares of Graphic Packaging from a “sell” rating to a “hold” rating in a research note on Wednesday, April 24th. TheStreet raised shares of Graphic Packaging from a “c+” rating to a “b-” rating in a research note on Monday, April 22nd. UBS Group upped their price objective on shares of Graphic Packaging from $12.50 to $13.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. Finally, Zacks Investment Research raised shares of Graphic Packaging from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research note on Wednesday. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $15.79.

Large investors have recently bought and sold shares of the stock. Private Capital Group LLC raised its holdings in Graphic Packaging by 210.4% during the 1st quarter. Private Capital Group LLC now owns 2,533 shares of the industrial products company’s stock valued at $32,000 after buying an additional 1,717 shares during the last quarter. Resources Investment Advisors Inc. bought a new stake in Graphic Packaging during the 4th quarter valued at $28,000. First Hawaiian Bank raised its holdings in Graphic Packaging by 319.5% during the 1st quarter. First Hawaiian Bank now owns 5,403 shares of the industrial products company’s stock valued at $68,000 after buying an additional 4,115 shares during the last quarter. Berman Capital Advisors LLC bought a new stake in Graphic Packaging during the 4th quarter valued at $74,000. Finally, Clear Investment Research LLC bought a new stake in Graphic Packaging during the 1st quarter valued at $134,000.

Shares of Graphic Packaging stock opened at $13.57 on Wednesday. Graphic Packaging has a 52-week low of $10.04 and a 52-week high of $15.22. The stock has a market cap of $4.03 billion, a PE ratio of 16.75, a price-to-earnings-growth ratio of 1.24 and a beta of 1.33. The firm has a fifty day simple moving average of $13.49. The company has a quick ratio of 0.75, a current ratio of 1.80 and a debt-to-equity ratio of 1.56.

The company also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Saturday, June 15th will be issued a dividend of $0.075 per share. The ex-dividend date is Thursday, June 13th. This represents a $0.30 dividend on an annualized basis and a yield of 2.21%. Graphic Packaging’s dividend payout ratio is currently 37.04%.

About Graphic Packaging

Graphic Packaging Holding Company, together with its subsidiaries, provides paper-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 folding cartons and cups, lids, and food containers primarily to consumer packaged goods, quick-service restaurants, and foodservice companies.

See Also: Intrinsic Value

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

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