Greif Bros. Corporation (GEF) Receiving Somewhat Favorable Media Coverage, Accern Reports
Press coverage about Greif Bros. Corporation (NYSE:GEF) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research group scores the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Greif Bros. Corporation earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave news headlines about the industrial products company an impact score of 46.8221654878582 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the headlines that may have effected Accern’s scoring:
- Greif Bros. Corporation (GEF) Stock Rating Lowered by Bank of America Corporation (americanbankingnews.com)
- Greif Bros. Corporation (GEF) Rating Reiterated by Robert W. Baird (americanbankingnews.com)
- FY2017 Earnings Estimate for Greif Bros. Corporation (GEF) Issued By DA Davidson (americanbankingnews.com)
- Analysts Expect Greif Bros. Corporation (GEF) Will Post Quarterly Sales of $925.48 Million (americanbankingnews.com)
- Edited Transcript of GEF earnings conference call or presentation 31-Aug-17 12:30pm GMT (finance.yahoo.com)
Shares of Greif Bros. Corporation (NYSE GEF) opened at 58.57 on Tuesday. Greif Bros. Corporation has a 12-month low of $44.45 and a 12-month high of $63.04. The company has a 50 day moving average price of $56.70 and a 200 day moving average price of $56.44. The company has a market capitalization of $2.80 billion, a P/E ratio of 29.17 and a beta of 1.35.
Greif Bros. Corporation (NYSE:GEF) last released its quarterly earnings results on Wednesday, August 30th. The industrial products company reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.01. The business had revenue of $961.80 million during the quarter, compared to analysts’ expectations of $901.76 million. Greif Bros. Corporation had a return on equity of 15.49% and a net margin of 2.65%. The company’s revenue was up 13.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.91 EPS. Equities analysts anticipate that Greif Bros. Corporation will post $2.87 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Sunday, October 1st. Stockholders of record on Monday, September 18th will be issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date is Friday, September 15th. Greif Bros. Corporation’s dividend payout ratio is presently 105.66%.
GEF has been the subject of a number of recent analyst reports. BMO Capital Markets reissued a “hold” rating and set a $55.00 target price on shares of Greif Bros. Corporation in a research note on Thursday, August 17th. Zacks Investment Research raised shares of Greif Bros. Corporation from a “sell” rating to a “hold” rating in a research note on Friday, May 26th. BidaskClub raised shares of Greif Bros. Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th. Bank of America Corporation lowered shares of Greif Bros. Corporation from a “buy” rating to a “neutral” rating and boosted their target price for the company from $60.45 to $63.00 in a research note on Friday. Finally, Robert W. Baird reissued a “buy” rating and set a $66.00 target price on shares of Greif Bros. Corporation in a research note on Friday. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $57.50.
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In other Greif Bros. Corporation news, major shareholder Shannon J. Diener purchased 5,189 shares of the stock in a transaction dated Thursday, July 6th. The stock was acquired at an average cost of $62.37 per share, for a total transaction of $323,637.93. Following the acquisition, the insider now owns 10,189 shares in the company, valued at approximately $635,487.93. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 16.37% of the company’s stock.
About Greif Bros. Corporation
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.
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