FY2024 EPS Estimate for Graphic Packaging Lowered by Analyst

Graphic Packaging Holding (NYSE:GPK) – Research analysts at Seaport Res Ptn decreased their FY2024 earnings per share estimates for shares of Graphic Packaging in a research report issued on Tuesday, October 29th. Seaport Res Ptn analyst M. Weintraub now expects that the industrial products company will earn $2.53 per share for the year, down from their previous estimate of $2.68. The consensus estimate for Graphic Packaging’s current full-year earnings is $2.65 per share. Seaport Res Ptn also issued estimates for Graphic Packaging’s Q4 2024 earnings at $0.63 EPS, Q1 2025 earnings at $0.62 EPS, Q2 2025 earnings at $0.67 EPS, Q3 2025 earnings at $0.72 EPS, Q4 2025 earnings at $0.65 EPS and FY2025 earnings at $2.65 EPS.

GPK has been the topic of several other reports. Wells Fargo & Company increased their price objective on shares of Graphic Packaging from $21.00 to $24.00 and gave the company an “underweight” rating in a report on Wednesday, July 31st. Royal Bank of Canada cut their price target on shares of Graphic Packaging from $35.00 to $34.00 and set an “outperform” rating on the stock in a research note on Thursday, October 17th. Stifel Nicolaus started coverage on shares of Graphic Packaging in a research report on Tuesday, July 9th. They set a “buy” rating and a $35.20 price objective for the company. Citigroup cut their price objective on shares of Graphic Packaging from $31.00 to $30.00 and set a “buy” rating on the stock in a research report on Monday, July 8th. Finally, Robert W. Baird upped their target price on shares of Graphic Packaging from $30.00 to $36.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $31.53.

Graphic Packaging Stock Performance

Graphic Packaging stock opened at $28.26 on Thursday. The company has a market cap of $8.68 billion, a PE ratio of 12.72, a PEG ratio of 10.94 and a beta of 0.83. The company has a current ratio of 1.45, a quick ratio of 0.58 and a debt-to-equity ratio of 1.75. Graphic Packaging has a 1 year low of $21.08 and a 1 year high of $30.70. The company’s 50-day moving average is $29.41 and its two-hundred day moving average is $28.18.

Graphic Packaging (NYSE:GPK) last released its earnings results on Tuesday, October 29th. The industrial products company reported $0.64 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.04). The firm had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.27 billion. Graphic Packaging had a return on equity of 30.74% and a net margin of 7.93%. The company’s revenue was down 5.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.74 EPS.

Insider Transactions at Graphic Packaging

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

Hedge Funds Weigh In On Graphic Packaging

A number of institutional investors have recently bought and sold shares of GPK. American Century Companies Inc. boosted its stake in shares of Graphic Packaging by 41.9% during the 2nd quarter. American Century Companies Inc. now owns 12,115,566 shares of the industrial products company’s stock worth $317,549,000 after acquiring an additional 3,576,877 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in shares of Graphic Packaging by 24.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 14,800,425 shares of the industrial products company’s stock valued at $437,945,000 after purchasing an additional 2,927,344 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Graphic Packaging by 7.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 9,600,600 shares of the industrial products company’s stock valued at $251,632,000 after purchasing an additional 706,486 shares during the period. Sei Investments Co. lifted its stake in shares of Graphic Packaging by 33.2% during the 2nd quarter. Sei Investments Co. now owns 1,719,878 shares of the industrial products company’s stock worth $45,078,000 after buying an additional 428,278 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co boosted its holdings in shares of Graphic Packaging by 171.7% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 603,023 shares of the industrial products company’s stock worth $17,631,000 after buying an additional 381,112 shares during the period. Institutional investors and hedge funds own 99.67% of the company’s stock.

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.