Greif (GEF) Scheduled to Post Quarterly Earnings on Wednesday

Greif (NYSE:GEF) will announce its earnings results after the market closes on Wednesday, December 4th. Analysts expect the company to announce earnings of $1.08 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Greif (NYSE:GEF) last issued its quarterly earnings results on Wednesday, August 28th. The industrial products company reported $1.03 EPS for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.14). Greif had a return on equity of 13.28% and a net margin of 4.99%. The company had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.43 billion. On average, analysts expect Greif to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Greif Stock Performance

Shares of GEF opened at $71.80 on Wednesday. The company has a quick ratio of 1.28, a current ratio of 1.70 and a debt-to-equity ratio of 1.35. The business’s 50 day moving average price is $64.39 and its 200-day moving average price is $62.66. Greif has a 52 week low of $55.95 and a 52 week high of $73.16. The stock has a market cap of $3.39 billion, a P/E ratio of 15.61 and a beta of 0.91.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Wells Fargo & Company dropped their price target on Greif from $80.00 to $76.00 and set an “overweight” rating on the stock in a research report on Monday, August 26th. Bank of America dropped their price target on Greif from $77.00 to $73.00 and set a “buy” rating on the stock in a research report on Friday, August 30th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $88.00 price objective on shares of Greif in a research report on Monday, August 26th. Truist Financial reaffirmed a “hold” rating and issued a $67.00 price objective (down from $69.00) on shares of Greif in a research report on Friday, August 30th. Finally, Sidoti started 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. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $79.40.

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.