Greif (GEF) Issues FY18 Earnings Guidance

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Greif (NYSE:GEF) updated its FY18 earnings guidance on Thursday. The company provided EPS guidance of $3.55-3.95 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.62.

Shares of GEF opened at $44.54 on Friday. The stock has a market capitalization of $2.16 billion, a P/E ratio of 12.75, a P/E/G ratio of 1.30 and a beta of 1.30. Greif has a 1-year low of $43.04 and a 1-year high of $65.60. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.09 and a current ratio of 1.47.

Greif (NYSE:GEF) last issued its quarterly earnings results on Wednesday, December 5th. The industrial products company reported $1.08 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.19 by ($0.11). The company had revenue of $987.70 million during the quarter, compared to analysts’ expectations of $1.02 billion. Greif had a return on equity of 18.24% and a net margin of 5.41%. As a group, equities analysts forecast that Greif will post 4 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 1st. Investors of record on Tuesday, December 18th will be paid a $0.44 dividend. The ex-dividend date is Monday, December 17th. This represents a $1.76 dividend on an annualized basis and a yield of 3.95%. Greif’s dividend payout ratio is currently 49.86%.

A number of equities analysts recently weighed in on GEF shares. Zacks Investment Research cut Greif from a hold rating to a sell rating in a research note on Thursday, August 23rd. KeyCorp reissued a sell rating and issued a $50.00 price target on shares of Greif in a research note on Thursday, August 30th. Finally, Wells Fargo & Co set a $65.00 price target on Greif and gave the stock a buy rating in a research note on Thursday, October 18th. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of $58.50.

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About Greif

Greif, Inc produces and sells industrial packaging products and services worldwide. It operates in four segments: Rigid Industrial Packaging & Services; Paper Packaging & Services; Flexible Products & Services; and Land Management. The Rigid Industrial Packaging & Services segment offers rigid industrial packaging products, including steel, fiber, and plastic drums; rigid intermediate bulk containers; closure systems for industrial packaging products; transit protection products; water bottles, and remanufactured and reconditioned industrial containers; and services, such as container life cycle management, filling, logistics, warehousing, and other packaging services.

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Earnings History and Estimates for Greif (NYSE:GEF)

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