Graphic Packaging (GPK) to Release Earnings on Tuesday

Graphic Packaging (NYSE:GPK) is scheduled to announce its earnings results before the market opens on Tuesday, April 30th. Analysts expect the company to announce 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.Investors that wish to listen to the company’s conference call can do so using this link.

Graphic Packaging (NYSE:GPK) last announced its earnings results on Tuesday, February 20th. The industrial products company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.06. Graphic Packaging had a net margin of 7.67% and a return on equity of 35.66%. The business had revenue of $2.25 billion during the quarter, compared to analysts’ expectations of $2.40 billion. During the same period in the prior year, the company earned $0.59 earnings per share. The firm’s revenue was down 5.7% on a year-over-year basis. 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 Up 0.8 %

Shares of GPK stock opened at $27.53 on Friday. Graphic Packaging has a 12 month low of $20.07 and a 12 month high of $29.50. The stock has a market cap of $8.46 billion, a P/E ratio of 11.71 and a beta of 0.84. The company has a current ratio of 1.10, a quick ratio of 0.42 and a debt-to-equity ratio of 1.66. The company has a 50 day simple moving average of $27.42 and a two-hundred day simple moving average of $24.92.

Graphic Packaging Announces Dividend

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

Analyst Ratings Changes

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

Insider Activity

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

Graphic Packaging Company Profile

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.