Graphic Packaging Holding Company (GPK) Scheduled to Post Earnings on Tuesday
Graphic Packaging Holding Company (NYSE:GPK) is scheduled to be posting its quarterly earnings results before the market opens on Tuesday, October 24th. Analysts expect Graphic Packaging Holding to post earnings of $0.19 per share for the quarter.
Graphic Packaging Holding (NYSE:GPK) last issued its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $0.15 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.15. The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.09 billion. Graphic Packaging Holding had a net margin of 3.98% and a return on equity of 18.22%. Graphic Packaging Holding’s quarterly revenue was down .8% compared to the same quarter last year. During the same period last year, the firm posted $0.19 EPS. On average, analysts expect Graphic Packaging Holding to post $0.68 EPS for the current fiscal year and $0.85 EPS for the next fiscal year.
Shares of Graphic Packaging Holding Company (NYSE GPK) opened at 14.26 on Tuesday. The company has a 50-day moving average of $13.55 and a 200 day moving average of $13.46. The company has a market capitalization of $4.42 billion, a P/E ratio of 26.46 and a beta of 1.16. Graphic Packaging Holding Company has a 12 month low of $12.00 and a 12 month high of $14.37.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 5th. Shareholders of record on Friday, September 15th were issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date of this dividend was Thursday, September 14th. Graphic Packaging Holding’s dividend payout ratio is currently 54.55%.
A hedge fund recently raised its stake in Graphic Packaging Holding stock. The Manufacturers Life Insurance Company raised its holdings in shares of Graphic Packaging Holding Company (NYSE:GPK) by 6.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,512 shares of the industrial products company’s stock after purchasing an additional 774 shares during the period. The Manufacturers Life Insurance Company ‘s holdings in Graphic Packaging Holding were worth $172,000 as of its most recent filing with the Securities and Exchange Commission. 94.99% of the stock is owned by institutional investors.
A number of equities research analysts have commented on the stock. Zacks Investment Research raised shares of Graphic Packaging Holding from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a report on Thursday, October 12th. KeyCorp reissued a “hold” rating on shares of Graphic Packaging Holding in a report on Tuesday, October 10th. Royal Bank Of Canada reissued a “buy” rating and set a $15.00 price objective on shares of Graphic Packaging Holding in a report on Tuesday, October 10th. BMO Capital Markets reissued a “buy” rating and set a $15.50 price objective on shares of Graphic Packaging Holding in a report on Friday, September 1st. Finally, DA Davidson reissued a “buy” rating and set a $16.50 price objective (down previously from $17.50) on shares of Graphic Packaging Holding in a report on Monday, August 21st. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $15.60.
About Graphic Packaging Holding
Graphic Packaging Holding Company is a provider of paper-based packaging solutions for a range of products to food, beverage and other consumer product companies. The Company’s segments include Paperboard Mills, Americas Paperboard Packaging, Europe Paperboard Packaging, and Corporate and Other. The Paperboard Mills segment includes the Company’s North American paperboard mills, which produce primarily coated unbleached kraft and coated recycled board.
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