Analysts Anticipate Graphic Packaging Holding (NYSE:GPK) to Post $0.32 Earnings Per Share

Analysts expect Graphic Packaging Holding (NYSE:GPK) to report earnings of $0.32 per share for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Graphic Packaging’s earnings, with the highest EPS estimate coming in at $0.38 and the lowest estimate coming in at $0.26. Graphic Packaging posted earnings per share of $0.26 in the same quarter last year, which indicates a positive year over year growth rate of 23.1%. The company is scheduled to issue its next earnings report before the market opens on Tuesday, October 26th.

According to Zacks, analysts expect that Graphic Packaging will report full-year earnings of $1.24 per share for the current fiscal year, with EPS estimates ranging from $1.16 to $1.31. For the next fiscal year, analysts anticipate that the business will report earnings of $1.84 per share, with EPS estimates ranging from $1.63 to $2.10. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Graphic Packaging.

Graphic Packaging (NYSE:GPK) last issued its earnings results on Monday, July 26th. The industrial products company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.02). The firm had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.69 billion. Graphic Packaging had a return on equity of 16.04% and a net margin of 3.26%. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period last year, the firm posted $0.26 earnings per share.

GPK has been the subject of several recent analyst reports. Truist initiated coverage on shares of Graphic Packaging in a report on Wednesday. They issued a “buy” rating and a $26.00 target price for the company. Jefferies Financial Group initiated coverage on shares of Graphic Packaging in a report on Wednesday, September 15th. They set a “hold” rating and a $21.00 price objective for the company. Truist Securities initiated coverage on shares of Graphic Packaging in a report on Wednesday. They set a “buy” rating and a $26.00 price objective for the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $22.00 price objective on shares of Graphic Packaging in a report on Friday, August 6th. Finally, Mizuho initiated coverage on shares of Graphic Packaging in a report on Tuesday. They set a “buy” rating and a $25.00 price objective for the company. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $22.54.

Several institutional investors and hedge funds have recently bought and sold shares of GPK. Amundi bought a new position in shares of Graphic Packaging during the second quarter worth $52,364,000. Fuller & Thaler Asset Management Inc. boosted its position in shares of Graphic Packaging by 15.7% during the second quarter. Fuller & Thaler Asset Management Inc. now owns 20,673,256 shares of the industrial products company’s stock worth $375,013,000 after acquiring an additional 2,798,973 shares during the last quarter. Marshall Wace North America L.P. bought a new position in shares of Graphic Packaging during the second quarter worth $50,573,000. Neuberger Berman Group LLC boosted its position in shares of Graphic Packaging by 177.8% during the second quarter. Neuberger Berman Group LLC now owns 4,322,113 shares of the industrial products company’s stock worth $78,369,000 after acquiring an additional 2,766,054 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC boosted its position in shares of Graphic Packaging by 222.9% during the second quarter. Thompson Siegel & Walmsley LLC now owns 3,946,114 shares of the industrial products company’s stock worth $71,582,000 after acquiring an additional 2,724,109 shares during the last quarter. Institutional investors and hedge funds own 93.97% of the company’s stock.

Graphic Packaging stock traded up $0.37 during trading hours on Friday, hitting $19.77. The stock had a trading volume of 155,305 shares, compared to its average volume of 3,158,540. The company has a quick ratio of 0.53, a current ratio of 1.29 and a debt-to-equity ratio of 2.06. The stock has a market capitalization of $6.07 billion, a P/E ratio of 24.56, a price-to-earnings-growth ratio of 0.63 and a beta of 1.22. Graphic Packaging has a 12-month low of $13.14 and a 12-month high of $20.88. The stock’s 50-day moving average price is $19.59 and its 200-day moving average price is $18.70.

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 5th. Shareholders of record on Wednesday, September 15th were given a $0.075 dividend. The ex-dividend date of this dividend was Tuesday, September 14th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.52%. Graphic Packaging’s payout ratio is currently 26.79%.

About Graphic Packaging

Graphic Packaging Holding Co provides paper-based packaging solutions for a variety of products to food, beverage and other consumer products companies. The firm produces folding cartons, kraft paperboard, coated-recycled boxboard and multi-wall bags. It operates through the following business segments: Paperboard Mills, Americas Paperboard Packaging and Europe Paperboard Packaging.

Featured Story: Trade Deficit

Get a free copy of the Zacks research report on Graphic Packaging (GPK)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Graphic Packaging Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Graphic Packaging and related companies with MarketBeat.com's FREE daily email newsletter.