Analysts Anticipate Greif, Inc. (GEF) Will Post Quarterly Sales of $1.24 Billion

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.



Several equities analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Greif from a “buy” rating to a “hold” rating in a report on Thursday, March 7th. Bank of America set a $38.00 price objective on shares of Greif and gave the company a “sell” rating in a report on Thursday, March 7th. Finally, KeyCorp reiterated a “sell” rating and set a $31.00 price objective on shares of Greif in a report on Thursday, February 28th. Five equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. The stock has an average rating of “Sell” and an average target price of $40.38.

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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