Brokerages Anticipate Greif, Inc. (GEF) Will Post Earnings of $0.68 Per Share

Equities analysts forecast that Greif, Inc. (NYSE:GEF) will report earnings per share of $0.68 for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Greif’s earnings, with the lowest EPS estimate coming in at $0.54 and the highest estimate coming in at $0.76. Greif posted earnings per share of $0.45 during the same quarter last year, which would suggest a positive year over year growth rate of 51.1%. The company is scheduled to report its next quarterly earnings results on Wednesday, March 7th.

According to Zacks, analysts expect that Greif will report full year earnings of $3.40 per share for the current financial year, with EPS estimates ranging from $3.29 to $3.50. For the next fiscal year, analysts expect that the firm will post earnings of $3.78 per share, with EPS estimates ranging from $3.29 to $4.00. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that cover Greif.

Greif (NYSE:GEF) last posted its quarterly earnings results on Wednesday, December 6th. The industrial products company reported $0.98 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.09. The firm had revenue of $968.00 million for the quarter, compared to analyst estimates of $931.96 million. Greif had a net margin of 3.26% and a return on equity of 17.06%. The firm’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.65 earnings per share.

Several research firms have issued reports on GEF. KeyCorp restated a “sell” rating on shares of Greif in a research report on Friday, November 10th. Zacks Investment Research lowered shares of Greif from a “hold” rating to a “sell” rating in a research report on Thursday, November 30th. BMO Capital Markets restated a “hold” rating and issued a $57.00 price target on shares of Greif in a research report on Wednesday, December 13th. Robert W. Baird restated an “outperform” rating and issued a $72.00 price target (up previously from $66.00) on shares of Greif in a research report on Friday, December 8th. Finally, Bank of America upgraded shares of Greif from a “neutral” rating to a “buy” rating and set a $70.00 price target on the stock in a research report on Tuesday, January 2nd. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $64.00.

A number of institutional investors have recently bought and sold shares of GEF. GSA Capital Partners LLP boosted its stake in Greif by 150.9% in the 3rd quarter. GSA Capital Partners LLP now owns 86,007 shares of the industrial products company’s stock worth $5,035,000 after purchasing an additional 51,726 shares during the period. Public Employees Retirement System of Ohio boosted its stake in Greif by 477.2% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 25,450 shares of the industrial products company’s stock worth $1,490,000 after purchasing an additional 21,041 shares during the period. Quantbot Technologies LP boosted its stake in Greif by 3,048.2% in the 3rd quarter. Quantbot Technologies LP now owns 4,376 shares of the industrial products company’s stock worth $256,000 after purchasing an additional 4,237 shares during the period. Nine Chapters Capital Management LLC boosted its stake in Greif by 83.3% in the 3rd quarter. Nine Chapters Capital Management LLC now owns 8,800 shares of the industrial products company’s stock worth $515,000 after purchasing an additional 4,000 shares during the period. Finally, Amalgamated Bank acquired a new position in Greif in the 2nd quarter worth approximately $208,000. 48.54% of the stock is owned by hedge funds and other institutional investors.

Greif (GEF) traded up $1.41 during trading on Monday, reaching $62.11. 160,823 shares of the company’s stock traded hands, compared to its average volume of 168,603. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.04 and a current ratio of 1.45. The firm has a market capitalization of $3,080.00, a price-to-earnings ratio of 25.04, a price-to-earnings-growth ratio of 2.09 and a beta of 1.29. Greif has a 12-month low of $50.94 and a 12-month high of $65.60.

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 1st. Investors of record on Monday, December 18th were paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date of this dividend was Friday, December 15th. Greif’s dividend payout ratio is 67.74%.

COPYRIGHT VIOLATION NOTICE: “Brokerages Anticipate Greif, Inc. (GEF) Will Post Earnings of $0.68 Per Share” was first posted by StockNewsTimes and is the property of of StockNewsTimes. If you are accessing this piece of content on another site, it was stolen and republished in violation of international copyright and trademark law. The legal version of this piece of content can be accessed at https://stocknewstimes.com/2018/01/12/brokerages-anticipate-greif-inc-gef-will-post-earnings-of-0-68-per-share.html.

Greif Company Profile

Greif, Inc is a producer of industrial packaging products and services. The Company’s segments are Rigid Industrial Packaging & Services; Paper Packaging & Services; Flexible Products & Services, and Land Management. The Rigid Industrial Packaging & Services segment is engaged in the production and sale of rigid industrial packaging products, and services, such as container life cycle management, filling, logistics, warehousing and other packaging services.

Get a free copy of the Zacks research report on Greif (GEF)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Greif Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Greif and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply