Brokerages expect Graphic Packaging Holding (NYSE:GPK) to report $1.59 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Graphic Packaging’s earnings, with the lowest sales estimate coming in at $1.56 billion and the highest estimate coming in at $1.62 billion. Graphic Packaging posted sales of $1.55 billion in the same quarter last year, which would suggest a positive year over year growth rate of 2.6%. The company is scheduled to report its next quarterly earnings results on Tuesday, July 28th.

On average, analysts expect that Graphic Packaging will report full year sales of $6.35 billion for the current year, with estimates ranging from $6.28 billion to $6.47 billion. For the next year, analysts expect that the company will post sales of $6.46 billion, with estimates ranging from $6.34 billion to $6.59 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Graphic Packaging.

Graphic Packaging (NYSE:GPK) last posted its quarterly earnings results on Tuesday, April 21st. The industrial products company reported $0.31 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.06. Graphic Packaging had a return on equity of 13.98% and a net margin of 2.18%. The firm had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.55 billion. During the same quarter in the previous year, the business earned $0.21 earnings per share. The company’s revenue was up 6.2% on a year-over-year basis.

Several research firms have recently weighed in on GPK. Zacks Investment Research upgraded Graphic Packaging from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research note on Wednesday, June 24th. Morgan Stanley started coverage on Graphic Packaging in a research note on Monday, June 15th. They issued an “overweight” rating and a $17.00 price target for the company. KeyCorp reiterated a “hold” rating on shares of Graphic Packaging in a research report on Monday, April 13th. ValuEngine cut Graphic Packaging from a “hold” rating to a “sell” rating in a research report on Wednesday, May 27th. Finally, BMO Capital Markets reduced their price objective on Graphic Packaging from $18.00 to $16.00 and set an “outperform” rating for the company in a research report on Wednesday, April 22nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $16.17.

Shares of GPK stock traded up $0.25 during mid-day trading on Thursday, hitting $13.99. The company’s stock had a trading volume of 1,469,580 shares, compared to its average volume of 3,734,715. Graphic Packaging has a 52-week low of $10.40 and a 52-week high of $16.95. The business has a 50-day moving average price of $13.80 and a 200 day moving average price of $14.40. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.76 and a current ratio of 1.86. The stock has a market cap of $3.71 billion, a price-to-earnings ratio of 29.23, a PEG ratio of 0.56 and a beta of 1.28.

The business also recently declared a quarterly dividend, which will be paid on Sunday, July 5th. Shareholders of record on Monday, June 15th will be given a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date of this dividend is Friday, June 12th. Graphic Packaging’s payout ratio is 34.48%.

Institutional investors and hedge funds have recently modified their holdings of the business. Ensign Peak Advisors Inc purchased a new stake in Graphic Packaging in the first quarter worth about $54,000. Fifth Third Bancorp increased its position in Graphic Packaging by 138.5% in the first quarter. Fifth Third Bancorp now owns 4,555 shares of the industrial products company’s stock worth $56,000 after buying an additional 2,645 shares in the last quarter. Meeder Asset Management Inc. increased its position in Graphic Packaging by 9,790.2% in the first quarter. Meeder Asset Management Inc. now owns 6,033 shares of the industrial products company’s stock worth $74,000 after buying an additional 5,972 shares in the last quarter. Point72 Hong Kong Ltd purchased a new stake in Graphic Packaging in the fourth quarter worth about $127,000. Finally, Sailer Financial LLC purchased a new stake in Graphic Packaging in the fourth quarter worth about $140,000. Institutional investors and hedge funds own 96.34% of the company’s stock.

Graphic Packaging Company Profile

Graphic Packaging Holding Company, together with its subsidiaries, provides paper-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 folding cartons and cups, lids, and food containers primarily to consumer packaged goods, quick-service restaurants, and foodservice companies.

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Earnings History and Estimates for Graphic Packaging (NYSE:GPK)

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