Analysts predict that Graphic Packaging Holding Company (NYSE:GPK) will report earnings of $0.18 per share for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Graphic Packaging Holding’s earnings, with estimates ranging from $0.18 to $0.19. Graphic Packaging Holding posted earnings per share of $0.20 during the same quarter last year, which indicates a negative year-over-year growth rate of 10%. The company is expected to issue its next quarterly earnings report before the market opens on Tuesday, October 24th.
According to Zacks, analysts expect that Graphic Packaging Holding will report full year earnings of $0.68 per share for the current year, with EPS estimates ranging from $0.66 to $0.71. For the next financial year, analysts forecast that the firm will post earnings of $0.85 per share, with EPS estimates ranging from $0.82 to $0.89. Zacks’ EPS calculations are an average based on a survey of research firms that that provide coverage for Graphic Packaging Holding.
Graphic Packaging Holding (NYSE:GPK) last posted its quarterly earnings results on Tuesday, July 25th. The industrial products company reported $0.15 EPS for the quarter, meeting the consensus estimate of $0.15. The business had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Graphic Packaging Holding had a return on equity of 18.22% and a net margin of 3.98%. The company’s quarterly revenue was down .8% compared to the same quarter last year. During the same period last year, the firm earned $0.19 EPS.
A number of equities research analysts have weighed in on the company. BidaskClub downgraded Graphic Packaging Holding from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Zacks Investment Research upgraded Graphic Packaging Holding from a “sell” rating to a “hold” rating in a research report on Friday, August 18th. DA Davidson assumed coverage on Graphic Packaging Holding in a research report on Monday, July 10th. They issued a “buy” rating and a $17.50 target price for the company. Jefferies Group LLC restated a “hold” rating and issued a $15.00 target price (up from $14.00) on shares of Graphic Packaging Holding in a research report on Friday, July 14th. Finally, BMO Capital Markets restated a “buy” rating and issued a $15.50 target price on shares of Graphic Packaging Holding in a research report on Friday, June 23rd. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Graphic Packaging Holding has a consensus rating of “Buy” and an average target price of $15.60.
A number of hedge funds have recently added to or reduced their stakes in GPK. Russell Investments Group Ltd. boosted its holdings in Graphic Packaging Holding by 83.9% during the first quarter. Russell Investments Group Ltd. now owns 15,926 shares of the industrial products company’s stock valued at $205,000 after acquiring an additional 7,266 shares during the period. World Asset Management Inc boosted its holdings in Graphic Packaging Holding by 15.7% during the first quarter. World Asset Management Inc now owns 15,197 shares of the industrial products company’s stock valued at $196,000 after acquiring an additional 2,065 shares during the period. UBS Asset Management Americas Inc. boosted its holdings in Graphic Packaging Holding by 7.7% during the first quarter. UBS Asset Management Americas Inc. now owns 201,145 shares of the industrial products company’s stock valued at $2,589,000 after acquiring an additional 14,404 shares during the period. Karp Capital Management Corp bought a new stake in Graphic Packaging Holding during the first quarter valued at about $1,108,000. Finally, Parametric Portfolio Associates LLC boosted its holdings in Graphic Packaging Holding by 58.7% during the first quarter. Parametric Portfolio Associates LLC now owns 295,179 shares of the industrial products company’s stock valued at $3,799,000 after acquiring an additional 109,191 shares during the period. Institutional investors own 95.00% of the company’s stock.
The company also recently declared a quarterly dividend, which was paid on Thursday, October 5th. Shareholders of record on Friday, September 15th were issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date of this dividend was Thursday, September 14th. Graphic Packaging Holding’s dividend payout ratio (DPR) is 54.55%.
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Graphic Packaging Holding Company Profile
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.
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