Graphic Packaging (NYSE:GPK – Get Free Report) issued its quarterly earnings results on Tuesday. The industrial products company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.56 by $0.04, Briefing.com reports. Graphic Packaging had a net margin of 7.93% and a return on equity of 30.74%. The company had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.27 billion. During the same quarter in the previous year, the firm earned $0.66 EPS. The firm’s revenue was down 6.5% compared to the same quarter last year. Graphic Packaging updated its FY24 guidance to $2.65-2.85 EPS and its FY 2024 guidance to 2.650-2.850 EPS.
Graphic Packaging Stock Up 3.5 %
Shares of GPK opened at $30.12 on Thursday. The stock has a market capitalization of $9.25 billion, a PE ratio of 13.63, a P/E/G ratio of 10.59 and a beta of 0.85. Graphic Packaging has a 1 year low of $20.07 and a 1 year high of $30.66. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.52 and a current ratio of 1.45. The company’s 50-day simple moving average is $27.27 and its 200-day simple moving average is $27.00.
Graphic Packaging Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, July 5th. Stockholders of record on Saturday, June 15th were given a dividend of $0.10 per share. The ex-dividend date was Friday, June 14th. This represents a $0.40 annualized dividend and a dividend yield of 1.33%. Graphic Packaging’s dividend payout ratio is presently 18.10%.
Wall Street Analysts Forecast Growth
Read Our Latest Stock Analysis on GPK
About Graphic Packaging
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.
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