Jefferies Group Weighs in on SMURFIT KAPPA’s FY2017 Earnings (SMFKY)
SMURFIT KAPPA (OTC:SMFKY) – Research analysts at Jefferies Group lowered their FY2017 EPS estimates for SMURFIT KAPPA in a report released on Monday. Jefferies Group analyst J. Jordan now expects that the company will post earnings per share of $2.16 for the year, down from their previous forecast of $2.32. Jefferies Group also issued estimates for SMURFIT KAPPA’s Q4 2017 earnings at $0.68 EPS, FY2018 earnings at $2.50 EPS and FY2019 earnings at $2.74 EPS.
Several other analysts have also issued reports on SMFKY. Goldman Sachs Group, Inc. (The) upgraded SMURFIT KAPPA from a “neutral” rating to a “buy” rating in a research note on Tuesday, September 12th. ValuEngine upgraded SMURFIT KAPPA from a “hold” rating to a “buy” rating in a research note on Friday, October 13th.
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Shares of SMURFIT KAPPA (OTC SMFKY) opened at 30.06 on Wednesday. SMURFIT KAPPA has a 12-month low of $21.31 and a 12-month high of $33.31. The firm has a 50-day moving average price of $31.05 and a 200-day moving average price of $29.67. The firm has a market cap of $7.06 billion and a price-to-earnings ratio of 14.59.
About SMURFIT KAPPA
Smurfit Kappa Group plc, together with its subsidiaries, manufactures, distributes, and sells paper-based packaging products. The company operates through two segments, Europe and the Americas. It offers containerboards, corrugated containers, and other paper-based packaging products, such as solid boards, graphic boards, and bag-in-box.
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