Analysts Anticipate Graphic Packaging Holding (GPK) to Announce $0.19 EPS

Wall Street analysts expect Graphic Packaging Holding (NYSE:GPK) to report earnings per share (EPS) of $0.19 for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Graphic Packaging’s earnings, with estimates ranging from $0.17 to $0.21. Graphic Packaging posted earnings per share of $0.15 in the same quarter last year, which indicates a positive year-over-year growth rate of 26.7%. The company is expected to issue its next earnings report on Tuesday, July 24th.

On average, analysts expect that Graphic Packaging will report full year earnings of $0.88 per share for the current financial year, with EPS estimates ranging from $0.81 to $0.95. For the next fiscal year, analysts anticipate that the business will report earnings of $1.04 per share, with EPS estimates ranging from $0.86 to $1.23. Zacks’ 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 quarterly earnings results on Tuesday, April 24th. The industrial products company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.02. Graphic Packaging had a net margin of 6.08% and a return on equity of 14.94%. The firm had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.47 billion. During the same period in the previous year, the business earned $0.14 EPS. The company’s revenue was up 39.0% compared to the same quarter last year.

Several brokerages have issued reports on GPK. BMO Capital Markets reiterated a “buy” rating and issued a $18.00 price target on shares of Graphic Packaging in a research note on Thursday, January 25th. Royal Bank of Canada reiterated a “buy” rating and issued a $19.00 price target on shares of Graphic Packaging in a research note on Thursday, February 1st. ValuEngine lowered shares of Graphic Packaging from a “buy” rating to a “hold” rating in a research note on Thursday, April 19th. Zacks Investment Research upgraded shares of Graphic Packaging from a “sell” rating to a “hold” rating in a research note on Thursday, April 12th. Finally, Citigroup lowered their price objective on shares of Graphic Packaging from $19.00 to $18.00 and set a “buy” rating on the stock in a research note on Thursday, April 5th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $17.44.

GPK stock traded up $0.17 during midday trading on Friday, hitting $14.22. The company’s stock had a trading volume of 80,099 shares, compared to its average volume of 3,245,944. The company has a current ratio of 1.82, a quick ratio of 0.86 and a debt-to-equity ratio of 1.41. Graphic Packaging has a twelve month low of $14.08 and a twelve month high of $14.16. The firm has a market capitalization of $4.41 billion, a P/E ratio of 22.52, a PEG ratio of 3.24 and a beta of 1.17.

In related news, SVP Joseph P. Yost sold 50,000 shares of the company’s stock in a transaction dated Friday, March 2nd. The shares were sold at an average price of $15.00, for a total value of $750,000.00. Following the transaction, the senior vice president now owns 306,926 shares in the company, valued at approximately $4,603,890. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Joseph P. Yost sold 15,137 shares of the company’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $15.60, for a total transaction of $236,137.20. Following the completion of the transaction, the senior vice president now owns 343,472 shares in the company, valued at approximately $5,358,163.20. The disclosure for this sale can be found here. Insiders have sold a total of 215,137 shares of company stock worth $3,311,137 over the last 90 days. 0.62% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in GPK. National Investment Services Inc. WI grew its stake in Graphic Packaging by 95.8% in the 4th quarter. National Investment Services Inc. WI now owns 47,309 shares of the industrial products company’s stock valued at $731,000 after buying an additional 23,144 shares during the last quarter. Bank of Montreal Can grew its stake in Graphic Packaging by 24.8% in the 4th quarter. Bank of Montreal Can now owns 1,465,838 shares of the industrial products company’s stock valued at $22,648,000 after buying an additional 291,347 shares during the last quarter. Cutler Group LP grew its stake in Graphic Packaging by 706.7% in the 4th quarter. Cutler Group LP now owns 8,204 shares of the industrial products company’s stock valued at $126,000 after buying an additional 7,187 shares during the last quarter. Schwab Charles Investment Management Inc. grew its stake in Graphic Packaging by 5.4% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,607,421 shares of the industrial products company’s stock valued at $24,835,000 after buying an additional 82,437 shares during the last quarter. Finally, Fox Run Management L.L.C. bought a new stake in Graphic Packaging in the 4th quarter valued at about $423,000. Institutional investors and hedge funds own 99.74% of the company’s stock.

Graphic Packaging Company Profile

Graphic Packaging Holding Company, together with its subsidiaries, provides paper-based packaging solutions to food, beverage, and other consumer products companies. It operates through three segments: Paperboard Mills, Americas Paperboard Packaging, and Europe Paperboard Packaging. The company offers coated unbleached kraft (CUK) and coated recycled paperboard (CRB) to various paperboard packaging converters and brokers; and paperboard packaging folding cartons primarily to consumer packaged goods companies.

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

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