Wall Street analysts predict that Graphic Packaging Holding (NYSE:GPK) will post sales of $1.13 billion for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Graphic Packaging’s earnings, with the lowest sales estimate coming in at $1.09 billion and the highest estimate coming in at $1.17 billion. Graphic Packaging reported sales of $1.06 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 6.6%. The firm is scheduled to report its next earnings results on Tuesday, February 6th.

According to Zacks, analysts expect that Graphic Packaging will report full-year sales of $1.13 billion for the current financial year, with estimates ranging from $4.38 billion to $4.46 billion. For the next year, analysts expect that the firm will post sales of $6.29 billion per share. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Graphic Packaging.

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

Several brokerages have recently issued reports on GPK. Zacks Investment Research raised shares of Graphic Packaging from a “sell” rating to a “hold” rating and set a $18.00 price objective for the company in a research note on Monday, January 8th. KeyCorp reissued a “hold” rating on shares of Graphic Packaging in a research note on Sunday, October 29th. BMO Capital Markets lifted their target price on shares of Graphic Packaging from $15.50 to $17.00 and gave the company an “outperform” rating in a report on Wednesday, October 25th. Robert W. Baird lifted their target price on shares of Graphic Packaging from $16.00 to $18.00 and gave the company an “outperform” rating in a report on Wednesday, October 25th. Finally, Stephens began coverage on shares of Graphic Packaging in a report on Tuesday, October 24th. They set an “overweight” rating and a $17.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $16.48.

In other Graphic Packaging news, VP Deborah R. Frank sold 38,266 shares of the business’s stock in a transaction on Friday, October 27th. The shares were sold at an average price of $15.51, for a total value of $593,505.66. Following the transaction, the vice president now owns 77,139 shares in the company, valued at approximately $1,196,425.89. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.02% of the company’s stock.

A number of hedge funds have recently modified their holdings of the business. Boston Partners lifted its holdings in Graphic Packaging by 2.5% in the 3rd quarter. Boston Partners now owns 23,242,239 shares of the industrial products company’s stock worth $324,229,000 after buying an additional 575,011 shares in the last quarter. American Century Companies Inc. lifted its holdings in Graphic Packaging by 241.9% in 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 in the last quarter. Janus Henderson Group PLC lifted its holdings in Graphic Packaging by 6.5% in the 3rd quarter. Janus Henderson Group PLC now owns 9,022,954 shares of the industrial products company’s stock worth $125,871,000 after buying an additional 548,688 shares in the last quarter. Canyon Capital Advisors LLC acquired a new position in Graphic Packaging in the 2nd quarter worth $100,045,000. Finally, Vaughan Nelson Investment Management L.P. lifted its holdings in Graphic Packaging by 1.0% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 6,197,050 shares of the industrial products company’s stock worth $86,449,000 after buying an additional 60,750 shares in the last quarter. Hedge funds and other institutional investors own 96.88% of the company’s stock.

Shares of Graphic Packaging (NYSE GPK) traded down $0.07 during midday trading on Friday, hitting $16.60. 1,890,000 shares of the stock traded hands, compared to its average volume of 2,425,730. Graphic Packaging has a one year low of $12.00 and a one year high of $16.73. The stock has a market cap of $5,141.25, a PE ratio of 27.21, a PEG ratio of 3.79 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.

The firm also recently announced a quarterly dividend, which was paid on Friday, January 5th. Investors of record on Friday, December 15th were issued a dividend of $0.075 per share. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $0.30 annualized dividend and a dividend yield of 1.81%. Graphic Packaging’s payout ratio is 57.69%.

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About Graphic Packaging

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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