Graphic Packaging Holding to Post FY2019 Earnings of $0.79 Per Share, KeyCorp Forecasts (GPK)

Graphic Packaging Holding (NYSE:GPK) – Investment analysts at KeyCorp issued their FY2019 earnings per share (EPS) estimates for shares of Graphic Packaging in a report issued on Tuesday. KeyCorp analyst A. Josephson expects that the industrial products company will post earnings of $0.79 per share for the year. KeyCorp currently has a “Hold” rating on the stock.

Graphic Packaging (NYSE:GPK) last posted its quarterly earnings data on Tuesday, February 6th. The industrial products company reported $0.17 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.02). The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.11 billion. Graphic Packaging had a net margin of 6.82% and a return on equity of 17.82%. The business’s revenue was up 5.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.14 earnings per share.

GPK has been the topic of several other reports. BMO Capital Markets cut their price objective on Graphic Packaging from $18.00 to $17.00 and set an “outperform” rating on the stock in a research report on Wednesday. Zacks Investment Research raised Graphic Packaging from a “sell” rating to a “hold” rating in a research report on Monday, December 4th. Royal Bank of Canada reaffirmed a “buy” rating and set a $19.00 price objective on shares of Graphic Packaging in a research report on Thursday, February 1st. Robert W. Baird lifted their price objective on Graphic Packaging from $16.00 to $18.00 and gave the company an “outperform” rating in a research report on Wednesday, October 25th. Finally, Stephens assumed coverage on Graphic Packaging in a research report on Tuesday, October 24th. They set an “overweight” rating and a $17.00 price objective on the stock. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Graphic Packaging has an average rating of “Buy” and an average price target of $17.10.

Graphic Packaging (NYSE:GPK) traded up $0.21 during trading on Friday, reaching $14.73. The company’s stock had a trading volume of 4,090,459 shares, compared to its average volume of 3,335,931. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.74 and a current ratio of 1.50. The company has a market cap of $4,695.29, a PE ratio of 14.97, a price-to-earnings-growth ratio of 2.92 and a beta of 1.15. Graphic Packaging has a fifty-two week low of $12.46 and a fifty-two week high of $16.74.

Hedge funds have recently added to or reduced their stakes in the company. Cutler Group LP lifted its holdings in shares of Graphic Packaging by 706.7% during the fourth quarter. Cutler Group LP now owns 8,204 shares of the industrial products company’s stock valued at $126,000 after purchasing an additional 7,187 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Graphic Packaging by 6.6% during the second quarter. The Manufacturers Life Insurance Company now owns 12,512 shares of the industrial products company’s stock valued at $172,000 after purchasing an additional 774 shares during the last quarter. Capital Fund Management S.A. purchased a new position in shares of Graphic Packaging during the fourth quarter valued at approximately $232,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Graphic Packaging by 42.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,841 shares of the industrial products company’s stock valued at $260,000 after purchasing an additional 5,023 shares during the last quarter. Finally, SG Americas Securities LLC lifted its holdings in shares of Graphic Packaging by 45.5% during the third quarter. SG Americas Securities LLC now owns 20,927 shares of the industrial products company’s stock valued at $292,000 after purchasing an additional 6,545 shares during the last quarter. Hedge funds and other institutional investors own 96.44% of the company’s stock.

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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.

Earnings History and Estimates for Graphic Packaging (NYSE:GPK)

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