Graphic Packaging Holding (NYSE:GPK) – DA Davidson dropped their FY2018 earnings estimates for shares of Graphic Packaging in a report released on Tuesday, October 23rd. DA Davidson analyst S. Chercover now expects that the industrial products company will post earnings of $0.77 per share for the year, down from their previous estimate of $0.87. DA Davidson also issued estimates for Graphic Packaging’s Q4 2018 earnings at $0.19 EPS, Q1 2019 earnings at $0.20 EPS, Q2 2019 earnings at $0.22 EPS, Q3 2019 earnings at $0.26 EPS, Q4 2019 earnings at $0.23 EPS and FY2019 earnings at $0.91 EPS.
GPK has been the topic of several other reports. Zacks Investment Research raised Graphic Packaging from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a report on Tuesday, October 16th. ValuEngine cut Graphic Packaging from a “sell” rating to a “strong sell” rating in a report on Tuesday, October 23rd. Bank of America upped their price objective on Graphic Packaging from $16.80 to $17.00 and gave the stock a “buy” rating in a report on Monday, July 16th. Citigroup decreased their price objective on Graphic Packaging from $18.00 to $17.00 and set a “buy” rating on the stock in a report on Wednesday, July 25th. Finally, BMO Capital Markets decreased their price objective on Graphic Packaging from $18.00 to $16.00 and set an “outperform” rating on the stock in a report on Thursday. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the stock. Graphic Packaging presently has an average rating of “Buy” and a consensus target price of $16.94.
Graphic Packaging (NYSE:GPK) last posted its quarterly earnings results on Tuesday, October 23rd. The industrial products company reported $0.22 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.02). Graphic Packaging had a return on equity of 11.90% and a net margin of 6.18%. The business had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.58 billion. During the same quarter in the previous year, the company earned $0.18 earnings per share. The company’s revenue for the quarter was up 34.5% compared to the same quarter last year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, October 5th. Stockholders of record on Saturday, September 15th were issued a dividend of $0.075 per share. The ex-dividend date was Thursday, September 13th. This represents a $0.30 annualized dividend and a dividend yield of 2.74%. Graphic Packaging’s dividend payout ratio (DPR) is 47.62%.
In other news, Director Larry M. Venturelli acquired 25,000 shares of the firm’s stock in a transaction dated Thursday, October 25th. The shares were acquired at an average cost of $10.59 per share, with a total value of $264,750.00. Following the acquisition, the director now directly owns 47,993 shares of the company’s stock, valued at $508,245.87. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.62% of the stock is owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in GPK. GSA Capital Partners LLP purchased a new stake in Graphic Packaging during the 1st quarter valued at $254,000. A.R.T. Advisors LLC raised its holdings in Graphic Packaging by 60.1% during the 1st quarter. A.R.T. Advisors LLC now owns 53,000 shares of the industrial products company’s stock valued at $813,000 after buying an additional 19,900 shares during the period. Jane Street Group LLC purchased a new stake in Graphic Packaging during the 1st quarter valued at $192,000. Guggenheim Capital LLC raised its holdings in Graphic Packaging by 21.2% during the 1st quarter. Guggenheim Capital LLC now owns 414,698 shares of the industrial products company’s stock valued at $6,365,000 after buying an additional 72,520 shares during the period. Finally, Cubist Systematic Strategies LLC raised its holdings in Graphic Packaging by 113.1% during the 1st quarter. Cubist Systematic Strategies LLC now owns 24,054 shares of the industrial products company’s stock valued at $369,000 after buying an additional 12,766 shares during the period. Institutional investors own 99.17% 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, 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) and coated recycled paperboard (CRB) to various paperboard packaging converters and brokers; and paperboard packaging folding cartons primarily to consumer packaged goods companies.
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