Analysts forecast that Greif Bros. Corporation (NYSE:GEF) will report $942.30 million in sales for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Greif Bros.’s earnings. The highest sales estimate is $957.00 million and the lowest is $927.00 million. Greif Bros. posted sales of $867.60 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 8.6%. The firm is scheduled to issue its next earnings report after the market closes on Wednesday, December 6th.

According to Zacks, analysts expect that Greif Bros. will report full-year sales of $942.30 million for the current fiscal year, with estimates ranging from $3.60 billion to $3.63 billion. For the next financial year, analysts expect that the company will post sales of $3.72 billion per share, with estimates ranging from $3.64 billion to $3.79 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow Greif Bros..

Several research analysts have recently commented on GEF shares. Bank of America lowered shares of Greif Bros. from a “buy” rating to a “neutral” rating and lifted their price target for the company from $60.45 to $63.00 in a report on Friday, September 1st. Robert W. Baird reissued a “buy” rating and set a $66.00 target price on shares of Greif Bros. in a research note on Friday, September 1st. KeyCorp reissued a “sell” rating on shares of Greif Bros. in a research note on Friday, November 10th. Zacks Investment Research lowered shares of Greif Bros. from a “hold” rating to a “sell” rating in a research note on Thursday, November 30th. Finally, BMO Capital Markets reissued a “hold” rating and set a $55.00 target price on shares of Greif Bros. in a research note on Friday, November 24th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $57.00.

Greif Bros. (NYSE GEF) opened at $54.78 on Wednesday. Greif Bros. has a fifty-two week low of $50.70 and a fifty-two week high of $63.04. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.56 and a quick ratio of 1.10. The company has a market cap of $2,599.73, a PE ratio of 20.74, a PEG ratio of 1.83 and a beta of 1.29.

A number of institutional investors have recently bought and sold shares of GEF. Oregon Public Employees Retirement Fund lifted its stake in shares of Greif Bros. by 5.0% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 9,323 shares of the industrial products company’s stock worth $520,000 after acquiring an additional 446 shares during the period. LS Investment Advisors LLC lifted its stake in shares of Greif Bros. by 17.9% in the 2nd quarter. LS Investment Advisors LLC now owns 2,022 shares of the industrial products company’s stock worth $113,000 after acquiring an additional 307 shares during the period. Arizona State Retirement System lifted its stake in shares of Greif Bros. by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 10,900 shares of the industrial products company’s stock worth $608,000 after acquiring an additional 200 shares during the period. Mondrian Investment Partners LTD lifted its stake in shares of Greif Bros. by 21.0% in the 2nd quarter. Mondrian Investment Partners LTD now owns 64,244 shares of the industrial products company’s stock worth $3,584,000 after acquiring an additional 11,166 shares during the period. Finally, Neuberger Berman Group LLC lifted its stake in shares of Greif Bros. by 2.1% in the 2nd quarter. Neuberger Berman Group LLC now owns 11,231 shares of the industrial products company’s stock worth $626,000 after acquiring an additional 231 shares during the period. 48.54% of the stock is owned by hedge funds and other institutional investors.

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About Greif Bros.

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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Earnings History and Estimates for Greif Bros. (NYSE:GEF)

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