Wall Street analysts predict that Graphic Packaging Holding (NYSE:GPK) will report $1.89 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Graphic Packaging’s earnings, with the highest sales estimate coming in at $2.00 billion and the lowest estimate coming in at $1.72 billion. Graphic Packaging reported sales of $1.65 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 14.5%. The business is expected to report its next quarterly earnings report on Tuesday, February 1st.
According to Zacks, analysts expect that Graphic Packaging will report full-year sales of $7.05 billion for the current fiscal year, with estimates ranging from $6.89 billion to $7.17 billion. For the next year, analysts forecast that the company will report sales of $8.46 billion, with estimates ranging from $7.65 billion to $8.74 billion. Zacks’ sales averages are an average based on a survey of analysts that that provide coverage for Graphic Packaging.
Graphic Packaging (NYSE:GPK) last issued its quarterly earnings results on Monday, October 25th. The industrial products company reported $0.34 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.03. The business had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $1.82 billion. Graphic Packaging had a net margin of 3.36% and a return on equity of 17.81%. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.26 EPS.
GPK traded down $0.16 during trading on Thursday, reaching $21.03. 2,144,713 shares of the stock traded hands, compared to its average volume of 3,039,178. The stock’s 50-day simple moving average is $19.94 and its two-hundred day simple moving average is $19.09. The company has a debt-to-equity ratio of 2.23, a current ratio of 1.31 and a quick ratio of 0.53. Graphic Packaging has a fifty-two week low of $15.32 and a fifty-two week high of $21.56. The stock has a market cap of $6.46 billion, a price-to-earnings ratio of 26.29, a price-to-earnings-growth ratio of 0.72 and a beta of 1.19.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 5th. Stockholders of record on Wednesday, December 15th will be issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 1.43%. The ex-dividend date is Tuesday, December 14th. Graphic Packaging’s payout ratio is presently 37.50%.
Several hedge funds and other institutional investors have recently made changes to their positions in GPK. PNC Managed Account Solutions Inc. bought a new position in Graphic Packaging in the 2nd quarter worth approximately $26,000. Cutler Group LP raised its position in shares of Graphic Packaging by 652.0% during the second quarter. Cutler Group LP now owns 1,504 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 1,304 shares during the last quarter. Dark Forest Capital Management LP acquired a new position in shares of Graphic Packaging during the third quarter valued at $33,000. Van ECK Associates Corp boosted its holdings in Graphic Packaging by 20.7% in the third 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, Signaturefd LLC increased its position in Graphic Packaging by 1,142.1% in the third quarter. Signaturefd LLC now owns 5,428 shares of the industrial products company’s stock worth $103,000 after purchasing an additional 4,991 shares during the period. 94.02% of the stock is owned by institutional investors.
About Graphic Packaging
Graphic Packaging Holding Co provides paper-based packaging solutions for a variety of products to food, beverage and other consumer products companies. The firm produces folding cartons, kraft paperboard, coated-recycled boxboard and multi-wall bags. It operates through the following business segments: Paperboard Mills, Americas Paperboard Packaging and Europe Paperboard Packaging.
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