Graphic Packaging (GPK) Expected to Announce Quarterly Earnings on Tuesday

Graphic Packaging (NYSE:GPKGet Free Report) is anticipated to issue its quarterly earnings data before the market opens on Tuesday, February 4th. Analysts expect the company to announce earnings of $0.63 per share and revenue of $2.15 billion for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Graphic Packaging Price Performance

Shares of NYSE:GPK opened at $27.39 on Friday. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.72 and a current ratio of 1.73. The firm has a market cap of $8.22 billion, a price-to-earnings ratio of 11.71 and a beta of 0.85. The firm has a fifty day moving average price of $28.11 and a 200 day moving average price of $28.66. Graphic Packaging has a fifty-two week low of $23.47 and a fifty-two week high of $30.70.

Graphic Packaging Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Sunday, January 5th. Stockholders of record on Sunday, December 15th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.46%. The ex-dividend date of this dividend was Friday, December 13th. Graphic Packaging’s dividend payout ratio is currently 17.09%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on GPK shares. Royal Bank of Canada lowered their price objective on Graphic Packaging from $35.00 to $34.00 and set an “outperform” rating for the company in a research report on Thursday, October 17th. StockNews.com cut Graphic Packaging from a “buy” rating to a “hold” rating in a report on Wednesday, October 30th. Truist Financial upped their target price on Graphic Packaging from $30.00 to $32.00 and gave the stock a “hold” rating in a research note on Monday, January 6th. Wells Fargo & Company raised shares of Graphic Packaging from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $24.00 to $27.00 in a report on Monday, January 6th. Finally, Citigroup reiterated a “neutral” rating and issued a $30.00 target price (down previously from $33.00) on shares of Graphic Packaging in a research report on Monday, January 6th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $32.37.

Check Out Our Latest Analysis on GPK

Insider Transactions at Graphic Packaging

In related news, CAO Charles D. Lischer sold 12,000 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $29.65, for a total transaction of $355,800.00. Following the completion of the sale, the chief accounting officer now owns 49,849 shares in the company, valued at $1,478,022.85. The trade was a 19.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Michael James Farrell sold 25,900 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $28.99, for a total transaction of $750,841.00. Following the completion of the transaction, the executive vice president now owns 81,026 shares in the company, valued at $2,348,943.74. This represents a 24.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.

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.

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Earnings History for Graphic Packaging (NYSE:GPK)

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