$0.18 EPS Expected for Graphic Packaging Holding Company (GPK) This Quarter

Wall Street analysts predict that Graphic Packaging Holding Company (NYSE:GPK) will post $0.18 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Graphic Packaging Holding’s earnings. The lowest EPS estimate is $0.18 and the highest is $0.19. Graphic Packaging Holding posted earnings per share of $0.20 in the same quarter last year, which would indicate a negative year-over-year growth rate of 10%. The business is scheduled to issue its next earnings results before the market opens on Tuesday, October 24th.

On average, analysts expect that Graphic Packaging Holding will report full-year earnings of $0.68 per share for the current year, with EPS estimates ranging from $0.66 to $0.69. For the next financial year, analysts expect that the business will post earnings of $0.85 per share, with EPS estimates ranging from $0.79 to $0.89. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that that provide coverage for Graphic Packaging Holding.

Graphic Packaging Holding (NYSE:GPK) last announced its quarterly earnings results on Tuesday, July 25th. The industrial products company reported $0.15 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.15. The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.09 billion. Graphic Packaging Holding had a net margin of 3.98% and a return on equity of 18.22%. The company’s revenue for the quarter was down .8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.19 earnings per share.

Several analysts have recently weighed in on GPK shares. BidaskClub cut shares of Graphic Packaging Holding from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. BMO Capital Markets restated a “buy” rating and set a $15.50 price objective on shares of Graphic Packaging Holding in a research report on Friday, September 1st. KeyCorp restated a “hold” rating on shares of Graphic Packaging Holding in a research report on Wednesday, October 4th. Zacks Investment Research upgraded shares of Graphic Packaging Holding from a “sell” rating to a “hold” rating in a research report on Tuesday, September 12th. Finally, DA Davidson restated a “buy” rating and set a $16.50 price objective (down previously from $17.50) on shares of Graphic Packaging Holding in a research report on Monday, August 21st. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Graphic Packaging Holding has a consensus rating of “Buy” and an average target price of $15.54.

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Shares of Graphic Packaging Holding (NYSE:GPK) traded down 0.593% on Friday, hitting $14.245. 1,039,803 shares of the stock traded hands. The stock has a 50-day moving average price of $13.44 and a 200 day moving average price of $13.43. Graphic Packaging Holding has a 52 week low of $12.00 and a 52 week high of $14.37. The firm has a market cap of $4.41 billion, a P/E ratio of 26.380 and a beta of 1.16.

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 5th. Investors of record on Friday, September 15th were given a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date was Thursday, September 14th. Graphic Packaging Holding’s payout ratio is presently 54.55%.

A number of large investors have recently modified their holdings of the stock. Lord Abbett & CO. LLC raised its position in Graphic Packaging Holding by 1.9% in the 2nd quarter. Lord Abbett & CO. LLC now owns 2,551,500 shares of the industrial products company’s stock worth $35,160,000 after purchasing an additional 47,000 shares during the period. Verition Fund Management LLC raised its position in Graphic Packaging Holding by 9.7% in the 2nd quarter. Verition Fund Management LLC now owns 69,114 shares of the industrial products company’s stock worth $952,000 after purchasing an additional 6,104 shares during the period. The Manufacturers Life Insurance Company raised its position in Graphic Packaging Holding by 6.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,512 shares of the industrial products company’s stock worth $172,000 after purchasing an additional 774 shares during the period. Canyon Capital Advisors LLC purchased a new position in Graphic Packaging Holding in the 2nd quarter worth $100,045,000. Finally, Osterweis Capital Management Inc. raised its position in Graphic Packaging Holding by 9.0% in the 2nd quarter. Osterweis Capital Management Inc. now owns 2,875,780 shares of the industrial products company’s stock worth $39,629,000 after purchasing an additional 237,435 shares during the period. Institutional investors own 95.00% of the company’s stock.

About Graphic Packaging Holding

Graphic Packaging Holding Company is a provider of paper-based packaging solutions for a range of products to food, beverage and other consumer product companies. The Company’s segments include Paperboard Mills, Americas Paperboard Packaging, Europe Paperboard Packaging, and Corporate and Other. The Paperboard Mills segment includes the Company’s North American paperboard mills, which produce primarily coated unbleached kraft and coated recycled board.

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

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