Greif (GEF) to Release Earnings on Wednesday
Greif (NYSE:GEF) will post its Q413 quarterly earnings results on Wednesday, February 26th. Analysts expect Greif to post earnings of $0.56 per share and revenue of $1.04 billion for the quarter.
Greif (NYSE:GEF) last posted its quarterly earnings results on Wednesday, December 11th. The company reported $0.76 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.83 by $0.07. The company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter last year, the company posted $0.63 earnings per share. Greif’s revenue was up 4.7% compared to the same quarter last year. On average, analysts expect Greif to post $3.20 EPS for the current fiscal year and $3.75 EPS for the next fiscal year.
Greif (NYSE:GEF) opened at 49.94 on Tuesday. Greif has a 1-year low of $45.49 and a 1-year high of $58.27. The stock’s 50-day moving average is $51. and its 200-day moving average is $52.39. The company has a market cap of $2.376 billion and a price-to-earnings ratio of 16.46.
A number of research firms have recently commented on GEF. Analysts at Zacks upgraded shares of Greif from an “underperform” rating to a “neutral” rating in a research note on Tuesday, February 11th. They now have a $51.90 price target on the stock. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $54.63.
Greif, Inc is a producer of industrial packaging products and services with manufacturing facilities located in over 50 countries.
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