Greif Sees Unusually-High Trading Volume After Dividend Announcement (GEF)
Shares of Greif (NYSE:GEF) saw an uptick in trading volume on Thursday following a dividend announcement from the company, AnalystRatings.NET reports. 173,224 shares changed hands during trading, an increase of 72% from the previous session’s volume of 100,793 shares.The stock last traded at $54.63 and had previously closed at $54.50.
The newly announced dividend is scheduled for Tuesday, July 1st. Shareholders of record on Friday, June 20th will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date of this dividend is Wednesday, June 18th.
The stock’s 50-day moving average is $54.09 and its 200-day moving average is $52.53. The company has a market cap of $2.606 billion and a price-to-earnings ratio of 16.93.
Greif (NYSE:GEF) last released its earnings data on Wednesday, June 4th. The company reported $0.65 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.67 by $0.02. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter in the prior year, the company posted $0.70 earnings per share. The company’s quarterly revenue was up 1.1% on a year-over-year basis. On average, analysts predict that Greif will post $2.99 earnings per share for the current fiscal year.
Greif, Inc is a producer of industrial packaging products and services with manufacturing facilities located in over 50 countries.
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