Graphic Packaging (GPK) Scheduled to Post Quarterly Earnings on Tuesday

Graphic Packaging (NYSE:GPK) is scheduled to be issuing its quarterly earnings data before the market opens on Tuesday, October 29th. Analysts expect the company to announce earnings of $0.72 per share for the quarter. Graphic Packaging has set its FY24 guidance at $2.65-2.85 EPS and its FY 2024 guidance at 2.650-2.850 EPS.Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Graphic Packaging (NYSE:GPK) last announced its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.04. The business had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.27 billion. Graphic Packaging had a net margin of 7.93% and a return on equity of 30.74%. The firm’s quarterly revenue was down 6.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.66 earnings per share. 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 Trading Down 0.9 %

GPK opened at $29.82 on Tuesday. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.58 and a current ratio of 1.45. The stock’s 50 day moving average price is $29.26 and its 200-day moving average price is $28.14. Graphic Packaging has a one year low of $20.07 and a one year high of $30.66. The stock has a market cap of $9.16 billion, a price-to-earnings ratio of 13.49, a P/E/G ratio of 5.08 and a beta of 0.83.

Graphic Packaging Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, October 5th. Shareholders of record on Sunday, September 15th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.34%. The ex-dividend date of this dividend was Friday, September 13th. Graphic Packaging’s dividend payout ratio (DPR) is presently 18.10%.

Insider Activity at Graphic Packaging

In other Graphic Packaging news, CEO Michael P. Doss sold 49,183 shares of the stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $27.91, for a total transaction of $1,372,697.53. Following the completion of the sale, the chief executive officer now directly owns 1,909,576 shares of the company’s stock, valued at approximately $53,296,266.16. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Michael P. Doss sold 86,374 shares of the stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $28.05, for a total transaction of $2,422,790.70. Following the completion of the sale, the chief executive officer now owns 2,123,202 shares in the company, valued at approximately $59,555,816.10. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Michael P. Doss sold 49,183 shares of the business’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $27.91, for a total value of $1,372,697.53. Following the transaction, the chief executive officer now owns 1,909,576 shares in the company, valued at approximately $53,296,266.16. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on GPK. StockNews.com lowered shares of Graphic Packaging from a “buy” rating to a “hold” rating in a research note on Friday. Stifel Nicolaus started coverage on shares of Graphic Packaging in a research note on Tuesday, July 9th. They issued a “buy” rating and a $35.20 target price on the stock. Royal Bank of Canada decreased their price target on shares of Graphic Packaging from $35.00 to $34.00 and set an “outperform” rating for the company in a research note on Thursday, October 17th. Citigroup dropped their price objective 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. Finally, Robert W. Baird raised their target price on shares of Graphic Packaging from $30.00 to $36.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $31.87.

Graphic Packaging Company Profile

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.