Greif Bros. (NYSE:GEF) issued an update on its FY18 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $3.25-3.55 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.40.

A number of equities analysts have recently commented on the stock. BMO Capital Markets reiterated a hold rating and set a $55.00 price target on shares of Greif Bros. in a report on Thursday, August 17th. Robert W. Baird reiterated a buy rating and set a $66.00 price target on shares of Greif Bros. in a report on Friday, November 10th. Zacks Investment Research lowered shares of Greif Bros. from a hold rating to a sell rating in a report on Thursday, November 30th. KeyCorp reiterated a sell rating on shares of Greif Bros. in a report on Friday, November 10th. Finally, Bank of America lowered shares of Greif Bros. from a buy rating to a neutral rating and lifted their price target for the stock from $60.45 to $63.00 in a report on Friday, September 1st. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $57.00.

Shares of Greif Bros. (NYSE:GEF) traded down $1.40 during midday trading on Wednesday, reaching $54.78. 354,200 shares of the company were exchanged, compared to its average volume of 210,986. Greif Bros. has a fifty-two week low of $50.70 and a fifty-two week high of $63.04. The company has a market capitalization of $2,730.00, a P/E ratio of 21.44, a PEG ratio of 1.89 and a beta of 1.29. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.56 and a quick ratio of 1.10.

Greif Bros. (NYSE:GEF) last announced its earnings results on Wednesday, December 6th. The industrial products company reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.07. Greif Bros. had a net margin of 2.65% and a return on equity of 15.49%. The business had revenue of $968.00 million during the quarter, compared to the consensus estimate of $931.96 million. During the same quarter last year, the firm earned $0.65 earnings per share. Greif Bros.’s quarterly revenue was up 11.6% on a year-over-year basis. analysts anticipate that Greif Bros. will post 2.85 earnings per share for the current year.

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Greif Bros. Company Profile

Greif, Inc is a producer of industrial packaging products and services. The Company’s segments are Rigid Industrial Packaging & Services; Paper Packaging & Services; Flexible Products & Services, and Land Management. The Rigid Industrial Packaging & Services segment is engaged in the production and sale of rigid industrial packaging products, and services, such as container life cycle management, filling, logistics, warehousing and other packaging services.

Earnings History and Estimates for Greif Bros. (NYSE:GEF)

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