Wall Street analysts expect Greif, Inc. (NYSE:GEF) to post sales of $1.24 billion for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Greif’s earnings. The lowest sales estimate is $1.21 billion and the highest is $1.25 billion. Greif reported sales of $968.30 million in the same quarter last year, which would suggest a positive year over year growth rate of 28.1%. The company is scheduled to issue its next quarterly earnings report on Wednesday, June 5th.
On average, analysts expect that Greif will report full year sales of $4.85 billion for the current year, with estimates ranging from $4.74 billion to $4.95 billion. For the next financial year, analysts anticipate that the business will report sales of $5.19 billion, with estimates ranging from $5.13 billion to $5.26 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Greif.
Greif (NYSE:GEF) last announced its quarterly earnings data on Wednesday, February 27th. The industrial products company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.01. Greif had a net margin of 4.72% and a return on equity of 18.89%. The firm had revenue of $897.00 million for the quarter, compared to analyst estimates of $922.24 million. During the same quarter in the prior year, the business earned $0.96 earnings per share. The business’s quarterly revenue was down 1.0% compared to the same quarter last year.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Millennium Management LLC raised its holdings in shares of Greif by 413.5% in the 4th quarter. Millennium Management LLC now owns 159,454 shares of the industrial products company’s stock worth $5,917,000 after acquiring an additional 128,399 shares during the last quarter. Laurel Wealth Advisors LLC acquired a new stake in shares of Greif in the 4th quarter worth about $26,000. Gamco Investors INC. ET AL raised its holdings in shares of Greif by 0.7% in the 4th quarter. Gamco Investors INC. ET AL now owns 893,936 shares of the industrial products company’s stock worth $33,174,000 after acquiring an additional 6,000 shares during the last quarter. Mondrian Investment Partners LTD raised its holdings in shares of Greif by 21.7% in the 4th quarter. Mondrian Investment Partners LTD now owns 95,603 shares of the industrial products company’s stock worth $3,548,000 after acquiring an additional 17,046 shares during the last quarter. Finally, Advisors Preferred LLC acquired a new stake in shares of Greif in the 4th quarter worth about $71,000. Institutional investors own 48.50% of the company’s stock.
Shares of NYSE GEF traded up $0.47 during trading on Tuesday, hitting $37.73. 98,038 shares of the company traded hands, compared to its average volume of 221,584. Greif has a fifty-two week low of $31.80 and a fifty-two week high of $62.75. The firm has a market capitalization of $1.81 billion, a P/E ratio of 10.69, a P/E/G ratio of 1.21 and a beta of 1.50. The company has a current ratio of 1.83, a quick ratio of 1.29 and a debt-to-equity ratio of 0.91.
Greif Company Profile
Greif, Inc produces and sells industrial packaging products and services worldwide. It operates through four segments: Rigid Industrial Packaging & Services; Paper Packaging & Services; Flexible Products & Services; and Land Management. The Rigid Industrial Packaging & Services segment offers rigid industrial packaging products, including steel, fiber, and plastic drums; rigid intermediate bulk containers; closure systems for industrial packaging products; transit protection products; water bottles, and remanufactured and reconditioned industrial containers; and services, such as container life cycle management, filling, logistics, warehousing, and other packaging services.
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