Graphic Packaging Holding (NYSE:GPK) – Equities researchers at DA Davidson upped their Q1 2018 earnings per share estimates for shares of Graphic Packaging in a research report issued on Wednesday. DA Davidson analyst S. Chercover now forecasts that the industrial products company will earn $0.18 per share for the quarter, up from their prior estimate of $0.16. DA Davidson also issued estimates for Graphic Packaging’s Q2 2018 earnings at $0.24 EPS, Q3 2018 earnings at $0.29 EPS and Q4 2018 earnings at $0.24 EPS.

Graphic Packaging (NYSE:GPK) last posted its earnings results on Tuesday, October 24th. The industrial products company reported $0.18 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.18. Graphic Packaging had a return on equity of 17.27% and a net margin of 3.70%. The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the previous year, the firm earned $0.20 earnings per share. The firm’s quarterly revenue was up 3.1% compared to the same quarter last year.

A number of other brokerages have also weighed in on GPK. KeyCorp restated a “hold” rating on shares of Graphic Packaging in a research note on Sunday, October 29th. Zacks Investment Research lowered Graphic Packaging from a “buy” rating to a “hold” rating in a research note on Thursday, October 26th. BMO Capital Markets boosted their price target on Graphic Packaging from $15.50 to $17.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 25th. Robert W. Baird boosted their price target on Graphic Packaging from $16.00 to $18.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 25th. Finally, Stephens started coverage on Graphic Packaging in a research report on Tuesday, October 24th. They issued an “overweight” rating and a $17.00 target price on the stock. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $16.26.

Shares of Graphic Packaging (NYSE:GPK) traded down $0.06 during mid-day trading on Friday, hitting $15.80. The stock had a trading volume of 2,619,300 shares, compared to its average volume of 2,660,933. Graphic Packaging has a 1-year low of $12.00 and a 1-year high of $16.10. The stock has a market capitalization of $4,890.00, a price-to-earnings ratio of 30.98, a price-to-earnings-growth ratio of 3.71 and a beta of 1.19. The company has a debt-to-equity ratio of 1.96, a current ratio of 1.50 and a quick ratio of 0.74.

A number of large investors have recently made changes to their positions in the business. American Century Companies Inc. raised its stake in shares of Graphic Packaging by 241.9% during the 3rd quarter. American Century Companies Inc. now owns 15,844,681 shares of the industrial products company’s stock worth $221,033,000 after buying an additional 11,210,161 shares during the period. Janus Henderson Group PLC acquired a new position in shares of Graphic Packaging during the 2nd quarter worth approximately $116,776,000. Canyon Capital Advisors LLC acquired a new position in shares of Graphic Packaging during the 2nd quarter worth approximately $100,045,000. Schroder Investment Management Group raised its stake in shares of Graphic Packaging by 4,802.3% during the 3rd quarter. Schroder Investment Management Group now owns 3,641,767 shares of the industrial products company’s stock worth $50,475,000 after buying an additional 3,567,480 shares during the period. Finally, Ameriprise Financial Inc. raised its stake in shares of Graphic Packaging by 292.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,816,525 shares of the industrial products company’s stock worth $38,816,000 after buying an additional 2,099,223 shares during the period. 96.88% of the stock is owned by institutional investors.

In other Graphic Packaging news, VP Deborah R. Frank sold 38,266 shares of the business’s stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $15.51, for a total value of $593,505.66. Following the completion of the transaction, the vice president now directly owns 77,139 shares of the company’s stock, valued at $1,196,425.89. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.02% of the stock is owned by corporate insiders.

The company also recently announced a quarterly dividend, which will be paid on Friday, January 5th. Investors of record on Friday, December 15th will be given a $0.075 dividend. The ex-dividend date is Thursday, December 14th. This represents a $0.30 dividend on an annualized basis and a yield of 1.90%. Graphic Packaging’s dividend payout ratio is currently 58.82%.

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Graphic Packaging Company Profile

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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