Graphic Packaging (GPK) to Release Earnings on Tuesday

Graphic Packaging (NYSE:GPKGet Free Report) is scheduled to release its earnings data before the market opens on Tuesday, April 30th. Analysts expect Graphic Packaging to post earnings of $0.63 per share for the quarter. Graphic Packaging has set its FY24 guidance at $2.50 to $3.00 EPS and its FY 2024 guidance at 2.500-3.000 EPS.Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Graphic Packaging (NYSE:GPKGet Free Report) last announced its earnings results on Tuesday, February 20th. The industrial products company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.69 by $0.06. The company had revenue of $2.25 billion during the quarter, compared to analysts’ expectations of $2.40 billion. Graphic Packaging had a net margin of 7.67% and a return on equity of 35.66%. The business’s revenue for the quarter was down 5.7% on a year-over-year basis. During the same period last year, the company posted $0.59 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 Stock Performance

GPK stock opened at $27.53 on Friday. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.42 and a current ratio of 1.10. The stock has a market cap of $8.46 billion, a P/E ratio of 11.71 and a beta of 0.84. The firm has a 50 day simple moving average of $27.42 and a 200 day simple moving average of $24.92. Graphic Packaging has a 52 week low of $20.07 and a 52 week high of $29.50.

Graphic Packaging Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.45%. The ex-dividend date of this dividend was Thursday, March 14th. Graphic Packaging’s dividend payout ratio is currently 17.02%.

Insiders Place Their Bets

In other news, EVP Joseph P. Yost sold 70,000 shares of the company’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $26.20, for a total value of $1,834,000.00. Following the completion of the sale, the executive vice president now directly owns 205,231 shares of the company’s stock, valued at approximately $5,377,052.20. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.20% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on GPK shares. Wells Fargo & Company reiterated an “underweight” rating and issued a $21.00 target price on shares of Graphic Packaging in a research note on Monday, April 1st. Robert W. Baird lifted their target price on shares of Graphic Packaging from $28.00 to $30.00 and gave the company an “outperform” rating in a research note on Thursday, February 22nd. Citigroup lifted their target price on shares of Graphic Packaging from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Thursday, April 4th. Finally, StockNews.com cut shares of Graphic Packaging from a “buy” rating to a “hold” rating in a research note on Thursday, February 22nd. One analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $28.44.

Read Our Latest Report on Graphic Packaging

Graphic Packaging Company Profile

(Get Free Report)

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.

See Also

Earnings History for Graphic Packaging (NYSE:GPK)

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