Graphic Packaging (GPK) to Release Quarterly Earnings on Tuesday

Graphic Packaging (NYSE:GPKGet Free Report) will be issuing its quarterly earnings data after the market closes on Tuesday, February 20th. Analysts expect the company to announce earnings of $0.69 per share for the quarter.

Graphic Packaging Stock Performance

GPK opened at $25.24 on Tuesday. Graphic Packaging has a 52-week low of $20.07 and a 52-week high of $27.56. The company has a debt-to-equity ratio of 1.90, a quick ratio of 0.46 and a current ratio of 1.17. The company has a market cap of $7.72 billion, a PE ratio of 11.42, a price-to-earnings-growth ratio of 0.35 and a beta of 0.84. The stock has a 50-day moving average of $24.95 and a 200-day moving average of $23.13.

Graphic Packaging Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 5th. Shareholders of record on Friday, December 15th were issued a $0.10 dividend. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $0.40 annualized dividend and a yield of 1.58%. Graphic Packaging’s dividend payout ratio (DPR) is 18.10%.

Institutional Investors Weigh In On Graphic Packaging

Large investors have recently modified their holdings of the stock. Norges Bank purchased a new position in shares of Graphic Packaging during the fourth quarter valued at about $216,432,000. Wellington Management Group LLP raised its position in Graphic Packaging by 70.0% in the first quarter. Wellington Management Group LLP now owns 10,911,606 shares of the industrial products company’s stock worth $218,669,000 after acquiring an additional 4,493,702 shares during the period. Millennium Management LLC increased its stake in shares of Graphic Packaging by 114.8% in the fourth quarter. Millennium Management LLC now owns 7,690,896 shares of the industrial products company’s stock worth $171,122,000 after purchasing an additional 4,111,129 shares in the last quarter. State Street Corp grew its stake in Graphic Packaging by 75.5% during the second quarter. State Street Corp now owns 8,459,730 shares of the industrial products company’s stock valued at $203,770,000 after acquiring an additional 3,639,876 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of Graphic Packaging by 936.3% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 2,765,759 shares of the industrial products company’s stock worth $56,698,000 after buying an additional 2,498,874 shares in the last quarter. Hedge funds and other institutional investors own 99.67% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Bank of America raised Graphic Packaging from a “neutral” rating to a “buy” rating in a report on Tuesday, October 31st. Wells Fargo & Company downgraded Graphic Packaging from an “overweight” rating to an “underweight” rating and lowered their price target for the stock from $26.00 to $19.00 in a research report on Thursday, October 19th. Raymond James downgraded Graphic Packaging from a “strong-buy” rating to a “market perform” rating in a research report on Monday, November 27th. Jefferies Financial Group cut their target price on Graphic Packaging from $26.00 to $24.00 and set a “hold” rating for the company in a research note on Wednesday, October 18th. Finally, StockNews.com upgraded Graphic Packaging from a “hold” rating to a “buy” rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $27.00.

Check Out Our Latest Analysis on Graphic Packaging

About Graphic Packaging

(Get Free Report)

Graphic Packaging Holding Company, together with its subsidiaries, provides fiber-based packaging solutions to food, beverage, foodservice, and other consumer products companies. It operates through three segments: Paperboard Mills, Americas Paperboard Packaging, and Europe Paperboard Packaging. The company offers coated unbleached kraft (CUK), coated recycled paperboard (CRB), and solid bleached sulfate paperboard (SBS) to various paperboard packaging converters and brokers; and paperboard packaging products, such as folding cartons, cups, lids, and food containers primarily to consumer packaged goods, quick-service restaurants, and foodservice companies; and barrier packaging products that protect against moisture, hot and cold temperature, grease, oil, oxygen, sunlight, insects, and other potential product-damaging factors.

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Earnings History for Graphic Packaging (NYSE:GPK)

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