Graphic Packaging (GPK) Expected to Announce Quarterly Earnings on Tuesday

Graphic Packaging (NYSE:GPK) is anticipated to post its quarterly earnings results before the market opens on Tuesday, February 4th. Analysts expect Graphic Packaging to post earnings of $0.63 per share and revenue of $2,154,060.00 billion for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Graphic Packaging (NYSE:GPK) last posted its earnings results on Tuesday, October 29th. The industrial products company reported $0.64 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.04). Graphic Packaging had a return on equity of 28.26% and a net margin of 7.99%. The business had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.27 billion. During the same quarter in the previous year, the firm earned $0.74 earnings per share. Graphic Packaging’s quarterly revenue was down 5.7% compared to the same quarter last year. 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 Performance

Shares of GPK opened at $27.77 on Tuesday. Graphic Packaging has a 12-month low of $23.47 and a 12-month high of $30.70. The company has a current ratio of 1.73, a quick ratio of 0.72 and a debt-to-equity ratio of 1.78. The company has a market cap of $8.33 billion, a PE ratio of 11.87 and a beta of 0.85. The stock has a 50-day moving average price of $28.18 and a 200-day moving average price of $28.66.

Graphic Packaging Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Sunday, January 5th. Shareholders of record on Sunday, December 15th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.40 annualized dividend and a yield of 1.44%. Graphic Packaging’s payout ratio is presently 17.09%.

Insiders Place Their Bets

In other Graphic Packaging news, CAO Charles D. Lischer sold 12,000 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $29.65, for a total value of $355,800.00. Following the completion of the sale, the chief accounting officer now owns 49,849 shares in the company, valued at approximately $1,478,022.85. This trade represents a 19.40 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Michael James Farrell sold 25,900 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $28.99, for a total value of $750,841.00. Following the transaction, the executive vice president now directly owns 81,026 shares in the company, valued at $2,348,943.74. This trade represents a 24.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Truist Financial raised their price objective on shares of Graphic Packaging from $30.00 to $32.00 and gave the company a “hold” rating in a research report on Monday, January 6th. Wells Fargo & Company raised Graphic Packaging from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $24.00 to $27.00 in a research note on Monday, January 6th. StockNews.com lowered Graphic Packaging from a “buy” rating to a “hold” rating in a research report on Wednesday, October 30th. Royal Bank of Canada dropped their target price on Graphic Packaging from $35.00 to $34.00 and set an “outperform” rating for the company in a research report on Thursday, October 17th. Finally, Citigroup reiterated a “neutral” rating and set a $30.00 price target (down from $33.00) on shares of Graphic Packaging in a research report on Monday, January 6th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $32.37.

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.