Graphic Packaging (GPK) Set to Announce Earnings on Tuesday

Graphic Packaging (NYSE:GPK) is scheduled to announce its earnings results before the market opens on Tuesday, April 30th. Analysts expect the company to announce earnings of $0.63 per share for the quarter. Graphic Packaging has set its FY24 guidance at $2.50 to $3.00 EPS and its FY 2024 guidance at 2.500-3.000 EPS.Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Graphic Packaging (NYSE:GPK) last issued its quarterly earnings results on Tuesday, February 20th. The industrial products company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.06. The business had revenue of $2.25 billion for the quarter, compared to analyst estimates of $2.40 billion. Graphic Packaging had a net margin of 7.67% and a return on equity of 35.66%. The business’s revenue was down 5.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.59 earnings per share. On average, analysts expect Graphic Packaging to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Graphic Packaging Stock Performance

Shares of GPK opened at $27.39 on Tuesday. The company has a market capitalization of $8.42 billion, a PE ratio of 11.65 and a beta of 0.84. Graphic Packaging has a 52-week low of $20.07 and a 52-week high of $29.50. The company has a 50-day simple moving average of $27.21 and a 200-day simple moving average of $24.80. The company has a quick ratio of 0.42, a current ratio of 1.10 and a debt-to-equity ratio of 1.66.

Graphic Packaging Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.40 annualized dividend and a yield of 1.46%. Graphic Packaging’s dividend payout ratio is presently 17.02%.

Insider Activity at Graphic Packaging

In other Graphic Packaging news, EVP Joseph P. Yost sold 70,000 shares of Graphic Packaging stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $26.20, for a total value of $1,834,000.00. Following the transaction, the executive vice president now owns 205,231 shares in the company, valued at $5,377,052.20. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 1.20% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on GPK shares. StockNews.com downgraded Graphic Packaging from a “buy” rating to a “hold” rating in a research report on Thursday, February 22nd. Robert W. Baird lifted their price target on Graphic Packaging from $28.00 to $30.00 and gave the company an “outperform” rating in a report on Thursday, February 22nd. Wells Fargo & Company reaffirmed an “underweight” rating and set a $21.00 price target on shares of Graphic Packaging in a research report on Monday, April 1st. Finally, Citigroup boosted their price objective on shares of Graphic Packaging from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Thursday, April 4th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $28.44.

Graphic Packaging Company Profile

Graphic Packaging Holding Company, together with its subsidiaries, designs, produces, and sells consumer packaging products to brands in food, beverage, foodservice, household, and other consumer products. It operates through three segments: Paperboard Manufacturing, Americas Paperboard Packaging, and Europe Paperboard Packaging.