Greif (GEF) Set to Announce Quarterly Earnings on Wednesday

Greif (NYSE:GEF) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, December 4th. Analysts expect the company to announce earnings of $1.08 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Greif (NYSE:GEF) last posted its earnings results on Wednesday, August 28th. The industrial products company reported $1.03 earnings per share for the quarter, missing the consensus estimate 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 analyst estimates 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 Down 0.5 %

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

Analysts Set New Price Targets

GEF has been the subject of several analyst reports. Truist Financial restated a “hold” rating and issued a $67.00 target price (down from $69.00) on shares of Greif in a report on Friday, August 30th. Sidoti assumed coverage on Greif in a report on Wednesday, November 20th. They set a “buy” rating and a $93.00 price target for the company. Wells Fargo & Company cut their price target on Greif from $80.00 to $76.00 and set an “overweight” rating for the company in a report on Monday, August 26th. Bank of America cut their price target on Greif from $77.00 to $73.00 and set a “buy” rating for the company in a report on Friday, August 30th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $88.00 price target on shares of Greif in a report on Monday, August 26th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.