Greif (NYSE:GEF) posted its earnings results on Wednesday. The industrial products company reported $0.49 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.66 by ($0.17), Bloomberg Earnings reports. Greif had a return on equity of 17.06% and a net margin of 3.26%. The firm had revenue of $905.70 million during the quarter, compared to the consensus estimate of $867.24 million. During the same period in the previous year, the company posted $0.45 EPS. The firm’s revenue for the quarter was up 10.3% compared to the same quarter last year. Greif updated its FY18 guidance to $3.25-3.55 EPS.
Greif (GEF) traded down $4.93 during trading on Thursday, reaching $52.64. 428,142 shares of the company’s stock were exchanged, compared to its average volume of 184,525. The company has a current ratio of 1.45, a quick ratio of 1.04 and a debt-to-equity ratio of 0.90. Greif has a 52 week low of $50.94 and a 52 week high of $65.60. The firm has a market cap of $2,796.84, a P/E ratio of 28.50, a PEG ratio of 1.97 and a beta of 1.21.
The firm also recently announced a quarterly dividend, which will be paid on Sunday, April 1st. Shareholders of record on Monday, March 19th will be given a dividend of $0.42 per share. The ex-dividend date is Friday, March 16th. This represents a $1.68 dividend on an annualized basis and a yield of 3.19%. Greif’s payout ratio is presently 83.17%.
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.
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