Wall Street brokerages expect Graphic Packaging Holding Company (NYSE:GPK) to report $1.12 billion in sales for the current quarter, according to Zacks. Five analysts have provided estimates for Graphic Packaging Holding’s earnings, with the lowest sales estimate coming in at $1.08 billion and the highest estimate coming in at $1.13 billion. Graphic Packaging Holding posted sales of $1.10 billion during the same quarter last year, which suggests a positive year over year growth rate of 1.8%. The business is expected to report its next quarterly earnings report on Tuesday, October 24th.
On average, analysts expect that Graphic Packaging Holding will report full-year sales of $1.12 billion for the current year, with estimates ranging from $4.36 billion to $4.39 billion. For the next fiscal year, analysts expect that the firm will report sales of $4.48 billion per share, with estimates ranging from $4.37 billion to $4.54 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover Graphic Packaging Holding.
Graphic Packaging Holding (NYSE:GPK) last announced its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $0.15 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.15. The business had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Graphic Packaging Holding had a net margin of 3.98% and a return on equity of 18.22%. The business’s revenue was down .8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.19 earnings per share.
A number of research analysts have commented on the stock. Zacks Investment Research downgraded shares of Graphic Packaging Holding from a “hold” rating to a “sell” rating in a research report on Thursday. BidaskClub downgraded shares of Graphic Packaging Holding from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Jefferies Group LLC reissued a “hold” rating and set a $15.00 target price (up previously from $14.00) on shares of Graphic Packaging Holding in a research report on Friday, July 14th. DA Davidson started coverage on shares of Graphic Packaging Holding in a research report on Monday, July 10th. They issued a “buy” rating and a $17.50 price objective on the stock. Finally, BMO Capital Markets reaffirmed a “buy” rating and issued a $15.50 price objective on shares of Graphic Packaging Holding in a research report on Friday, June 23rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $15.73.
In other news, Director G Andrea Botta sold 10,982 shares of Graphic Packaging Holding stock in a transaction that occurred on Wednesday, May 31st. The shares were sold at an average price of $13.45, for a total value of $147,707.90. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.02% of the stock is owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of Graphic Packaging Holding by 3.7% in the first quarter. Vanguard Group Inc. now owns 25,103,563 shares of the industrial products company’s stock valued at $323,083,000 after buying an additional 896,031 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Graphic Packaging Holding by 16,552.6% in the first quarter. BlackRock Inc. now owns 14,893,409 shares of the industrial products company’s stock valued at $191,677,000 after buying an additional 14,803,973 shares during the last quarter. Alliancebernstein L.P. boosted its stake in shares of Graphic Packaging Holding by 14.1% in the first quarter. Alliancebernstein L.P. now owns 9,567,192 shares of the industrial products company’s stock valued at $123,130,000 after buying an additional 1,185,918 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Graphic Packaging Holding by 0.5% in the first quarter. JPMorgan Chase & Co. now owns 8,298,457 shares of the industrial products company’s stock valued at $106,801,000 after buying an additional 40,275 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Graphic Packaging Holding by 1.9% in the first quarter. Dimensional Fund Advisors LP now owns 4,650,474 shares of the industrial products company’s stock valued at $59,850,000 after buying an additional 87,173 shares during the last quarter. Institutional investors own 95.71% of the company’s stock.
Shares of Graphic Packaging Holding (NYSE:GPK) traded up 0.30% during midday trading on Friday, reaching $13.19. 2,634,096 shares of the company’s stock were exchanged. Graphic Packaging Holding has a 12-month low of $12.00 and a 12-month high of $14.70. The company has a market cap of $4.09 billion, a price-to-earnings ratio of 24.47 and a beta of 1.15. The stock’s 50 day moving average price is $13.52 and its 200 day moving average price is $13.29.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 5th. Stockholders of record on Friday, September 15th will be given a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date is Thursday, September 14th. Graphic Packaging Holding’s payout ratio is currently 54.55%.
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Graphic Packaging Holding Company Profile
Graphic Packaging Holding Company is a provider of paper-based packaging solutions for a range of products to food, beverage and other consumer product companies. The Company’s segments include Paperboard Mills, Americas Paperboard Packaging, Europe Paperboard Packaging, and Corporate and Other. The Paperboard Mills segment includes the Company’s North American paperboard mills, which produce primarily coated unbleached kraft and coated recycled board.
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