Greif (GEF) Expected to Announce Earnings on Wednesday

Greif (NYSE:GEF) is expected to be releasing its earnings data after the market closes on Wednesday, February 26th. Analysts expect Greif to post earnings of $0.72 per share and revenue of $1.26 billion for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Greif (NYSE:GEF) last posted its earnings results on Wednesday, December 4th. The industrial products company reported $0.85 EPS for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.23). The firm had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.41 billion. Greif had a return on equity of 11.84% and a net margin of 4.81%. The firm’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.56 earnings per share. On average, analysts expect Greif to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Greif Stock Down 0.3 %

GEF opened at $59.78 on Tuesday. The business’s fifty day moving average is $61.02 and its two-hundred day moving average is $63.12. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.13 and a current ratio of 1.53. The company has a market cap of $2.82 billion, a price-to-earnings ratio of 13.23, a PEG ratio of 1.02 and a beta of 0.94. Greif has a one year low of $55.95 and a one year high of $73.16.

Greif Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 1st. Shareholders of record on Monday, December 16th were given a dividend of $0.54 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $2.16 dividend on an annualized basis and a yield of 3.61%. Greif’s payout ratio is 47.79%.

Analyst Ratings Changes

A number of research firms have commented on GEF. Bank of America decreased their target price on Greif from $79.00 to $73.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Robert W. Baird upped their price objective on Greif from $70.00 to $75.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. Truist Financial upped their price objective on Greif from $67.00 to $71.00 and gave the company a “hold” rating in a research report on Monday, January 6th. Finally, Sidoti began coverage on Greif in a research report on Wednesday, November 20th. They issued a “buy” rating and a $93.00 price objective on the stock. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Greif presently has a consensus rating of “Moderate Buy” and an average target price of $79.33.

Insider Activity

In other Greif news, CFO Lawrence A. Hilsheimer bought 550 shares of the company’s stock in a transaction that occurred on Friday, December 20th. The stock was purchased at an average cost of $67.88 per share, for a total transaction of $37,334.00. Following the completion of the purchase, the chief financial officer now owns 162,151 shares of the company’s stock, valued at $11,006,809.88. This trade represents a 0.34 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director B Andrew Rose bought 3,500 shares of the company’s stock in a transaction that occurred on Friday, December 20th. The stock was acquired at an average price of $70.20 per share, with a total value of $245,700.00. Following the completion of the purchase, the director now directly owns 3,500 shares of the company’s stock, valued at approximately $245,700. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders have purchased 6,225 shares of company stock worth $431,731 over the last three months. 7.60% of the stock is currently owned by corporate insiders.

About Greif

Greif, Inc engages in the production and sale of industrial packaging products and services worldwide. The company operates through Global Industrial Packaging; Paper Packaging & Services; and Land Management segments. The Global Industrial Packaging segment produces and sells industrial packaging products, including steel, fiber, and plastic drums; rigid and flexible intermediate bulk containers; closure systems for industrial packaging products; transit protection products; water bottles, and remanufactured and reconditioned industrial containers; and various services, such as container life cycle management, filling, logistics, warehousing, and other packaging services to chemicals, paints and pigments, food and beverage, petroleum, industrial coatings, agriculture, pharmaceuticals, mineral product, and other industries.