Greif Bros. (NYSE:GEF) updated its FY18 earnings guidance on Wednesday. The company provided earnings per share guidance of $3.25-3.55 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.40.
A number of research firms recently issued reports on GEF. Robert W. Baird restated a buy rating and set a $66.00 price objective on shares of Greif Bros. in a report on Friday, September 1st. Bank of America downgraded shares of Greif Bros. from a buy rating to a neutral rating and raised their price objective for the stock from $60.45 to $63.00 in a report on Friday, September 1st. BMO Capital Markets restated a hold rating and set a $55.00 price objective on shares of Greif Bros. in a report on Thursday, August 17th. Zacks Investment Research downgraded shares of Greif Bros. from a hold rating to a sell rating in a report on Thursday, November 30th. Finally, KeyCorp restated a sell rating on shares of Greif Bros. in a report on Friday, November 10th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. Greif Bros. currently has an average rating of Hold and a consensus price target of $57.00.
Shares of Greif Bros. (NYSE:GEF) traded down $1.40 during trading hours on Wednesday, reaching $54.78. 354,200 shares of the company’s stock were exchanged, compared to its average volume of 210,986. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.56 and a quick ratio of 1.10. The company has a market capitalization of $2,730.00, a price-to-earnings ratio of 21.44, a PEG ratio of 1.89 and a beta of 1.29. Greif Bros. has a 12-month low of $50.70 and a 12-month high of $63.04.
The firm also recently announced a quarterly dividend, which will be paid on Monday, January 1st. Shareholders of record on Monday, December 18th will be given a dividend of $0.42 per share. The ex-dividend date of this dividend is Friday, December 15th. This represents a $1.68 dividend on an annualized basis and a yield of 3.07%. Greif Bros.’s dividend payout ratio is presently 85.71%.
Greif Bros. Company Profile
Greif, Inc is a producer of industrial packaging products and services. The Company’s segments are Rigid Industrial Packaging & Services; Paper Packaging & Services; Flexible Products & Services, and Land Management. The Rigid Industrial Packaging & Services segment is engaged in the production and sale of rigid industrial packaging products, and services, such as container life cycle management, filling, logistics, warehousing and other packaging services.
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