Graphic Packaging (NYSE:GPK) Updates FY 2022 Earnings Guidance

Graphic Packaging (NYSE:GPKGet Rating) issued an update on its FY 2022 earnings guidance on Thursday morning. The company provided earnings per share guidance of $2.00-$2.25 for the period. The company issued revenue guidance of $9.30 billion-$9.30 billion, compared to the consensus revenue estimate of $8.86 billion.

Graphic Packaging Stock Up 0.6 %

NYSE:GPK opened at $21.70 on Friday. The company has a market capitalization of $6.68 billion, a price-to-earnings ratio of 23.33, a price-to-earnings-growth ratio of 0.39 and a beta of 0.95. Graphic Packaging has a one year low of $17.63 and a one year high of $22.99. The stock has a 50-day simple moving average of $21.21 and a 200 day simple moving average of $20.53. The company has a debt-to-equity ratio of 2.91, a quick ratio of 0.57 and a current ratio of 1.34.

Graphic Packaging (NYSE:GPKGet Rating) last issued its earnings results on Tuesday, July 26th. The industrial products company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.08. Graphic Packaging had a return on equity of 28.19% and a net margin of 3.40%. The company had revenue of $2.36 billion during the quarter, compared to the consensus estimate of $2.26 billion. During the same period in the previous year, the firm posted $0.26 earnings per share. Graphic Packaging’s quarterly revenue was up 35.8% compared to the same quarter last year. Sell-side analysts predict that Graphic Packaging will post 2.19 EPS for the current fiscal year.

Graphic Packaging Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 5th. Shareholders of record on Thursday, September 15th will be paid a $0.075 dividend. The ex-dividend date of this dividend is Wednesday, September 14th. This represents a $0.30 dividend on an annualized basis and a yield of 1.38%. Graphic Packaging’s payout ratio is currently 32.26%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. BMO Capital Markets raised Graphic Packaging from a market perform rating to an outperform rating and lifted their price target for the company from $20.00 to $25.00 in a report on Friday, May 27th. Exane BNP Paribas raised Graphic Packaging from a neutral rating to an outperform rating and set a $26.00 target price on the stock in a report on Tuesday, May 10th. Raymond James boosted their target price on Graphic Packaging from $24.50 to $25.50 and gave the stock a strong-buy rating in a report on Monday, April 25th. Deutsche Bank Aktiengesellschaft upped their price target on Graphic Packaging from $25.00 to $27.00 in a report on Wednesday, July 27th. Finally, BNP Paribas raised Graphic Packaging from a neutral rating to an outperform rating and set a $26.00 price target on the stock in a report on Tuesday, May 10th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Graphic Packaging has a consensus rating of Moderate Buy and an average target price of $25.46.

Insider Activity

In other news, SVP Jean Francois Roche sold 46,898 shares of the business’s stock in a transaction on Monday, August 1st. The shares were sold at an average price of $22.50, for a total transaction of $1,055,205.00. Following the transaction, the senior vice president now directly owns 84 shares in the company, valued at approximately $1,890. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.93% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Graphic Packaging

A number of large investors have recently bought and sold shares of the business. Great West Life Assurance Co. Can boosted its holdings in Graphic Packaging by 3.2% in the first quarter. Great West Life Assurance Co. Can now owns 25,660 shares of the industrial products company’s stock worth $547,000 after purchasing an additional 792 shares in the last quarter. Yousif Capital Management LLC lifted its position in Graphic Packaging by 9.0% during the 1st quarter. Yousif Capital Management LLC now owns 11,619 shares of the industrial products company’s stock worth $233,000 after acquiring an additional 955 shares during the last quarter. Covestor Ltd lifted its position in Graphic Packaging by 125.1% during the 1st quarter. Covestor Ltd now owns 8,043 shares of the industrial products company’s stock worth $161,000 after acquiring an additional 4,470 shares during the last quarter. Advisors Asset Management Inc. lifted its position in Graphic Packaging by 7.4% during the 1st quarter. Advisors Asset Management Inc. now owns 113,608 shares of the industrial products company’s stock worth $2,277,000 after acquiring an additional 7,861 shares during the last quarter. Finally, MetLife Investment Management LLC acquired a new position in Graphic Packaging during the 1st quarter worth $184,000. 94.71% of the stock is currently owned by institutional investors.

About Graphic Packaging

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Graphic Packaging Holding Company, together with its subsidiaries, provides fiber-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 products, such as folding cartons, cups, lids, and food containers primarily to consumer packaged goods, quick-service restaurants, and foodservice companies; and barrier packaging products that protect against moisture, hot and cold temperature, grease, oil, oxygen, sunlight, insects, and other potential product-damaging factors.

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

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