Greif (NYSE:GEF) Updates FY 2020 After-Hours Earnings Guidance

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Greif (NYSE:GEF) issued an update on its FY 2020
After-Hours earnings guidance on Wednesday morning. The company provided earnings per share guidance of 3.63-4.13 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.89.

GEF traded up $0.23 during midday trading on Wednesday, hitting $43.17. 181,376 shares of the company were exchanged, compared to its average volume of 230,593. The company’s 50 day simple moving average is $40.93 and its 200 day simple moving average is $36.54. The firm has a market capitalization of $2.08 billion, a price-to-earnings ratio of 12.23, a price-to-earnings-growth ratio of 1.24 and a beta of 1.41. The company has a current ratio of 1.60, a quick ratio of 1.11 and a debt-to-equity ratio of 2.37. Greif has a 1-year low of $29.85 and a 1-year high of $47.44.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 1st. Shareholders of record on Wednesday, December 18th will be given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 4.08%. The ex-dividend date is Tuesday, December 17th. Greif’s dividend payout ratio is currently 49.86%.

GEF has been the topic of several analyst reports. Zacks Investment Research raised Greif from a sell rating to a hold rating and set a $34.00 price target on the stock in a research report on Monday, August 19th. ValuEngine raised Greif from a sell rating to a hold rating in a research report on Wednesday, October 2nd. Three research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. Greif presently has an average rating of Hold and a consensus price target of $36.38.

About Greif

Greif, Inc produces and sells industrial packaging products and services worldwide. It operates through 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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