Graphic Packaging (GPK) to Release Earnings on Tuesday

Graphic Packaging (NYSE:GPK) is set to post its quarterly earnings results before the market opens on Tuesday, July 30th. Analysts expect Graphic Packaging to post earnings of $0.59 per share for the quarter. Graphic Packaging has set its FY 2024 guidance at 2.650-2.850 EPS.Investors interested in registering for the company’s conference call can do so using this link.

Graphic Packaging (NYSE:GPK) last released its quarterly earnings data on Tuesday, April 30th. The industrial products company reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.03. Graphic Packaging had a net margin of 7.36% and a return on equity of 32.55%. The business had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.38 billion. During the same quarter in the prior year, the company earned $0.77 EPS. The firm’s quarterly revenue was down 7.3% on a year-over-year basis. On average, analysts expect Graphic Packaging to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Graphic Packaging Stock Up 2.2 %

NYSE:GPK opened at $27.88 on Monday. The stock has a market cap of $8.57 billion, a price-to-earnings ratio of 12.62, a PEG ratio of 10.15 and a beta of 0.85. The company has a current ratio of 1.24, a quick ratio of 0.52 and a debt-to-equity ratio of 1.72. The stock has a 50-day moving average price of $27.23 and a two-hundred day moving average price of $26.96. Graphic Packaging has a 1 year low of $20.07 and a 1 year high of $29.50.

Graphic Packaging Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 5th. Shareholders of record on Saturday, June 15th were issued a dividend of $0.10 per share. The ex-dividend date was Friday, June 14th. This represents a $0.40 annualized dividend and a yield of 1.43%. Graphic Packaging’s dividend payout ratio (DPR) is currently 18.10%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Truist Financial boosted their price objective on shares of Graphic Packaging from $31.00 to $33.00 and gave the company a “buy” rating in a research report on Tuesday, July 16th. Stifel Nicolaus started coverage on Graphic Packaging in a report on Tuesday, July 9th. They set a “buy” rating and a $35.20 price objective for the company. Citigroup cut their target price on Graphic Packaging from $31.00 to $30.00 and set a “buy” rating on the stock in a research note on Monday, July 8th. StockNews.com downgraded shares of Graphic Packaging from a “buy” rating to a “hold” rating in a report on Thursday, July 11th. Finally, Wells Fargo & Company restated an “underweight” rating and set a $21.00 target price on shares of Graphic Packaging in a report on Monday, April 1st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $29.03.

About Graphic Packaging

Graphic Packaging Holding Company, together with its subsidiaries, designs, produces, and sells consumer packaging products to brands in food, beverage, foodservice, household, and other consumer products. It operates through three segments: Paperboard Manufacturing, Americas Paperboard Packaging, and Europe Paperboard Packaging.