Greif Bros. (GEF) Updates FY18 Earnings Guidance

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.

Greif Bros. (NYSE:GEF) last issued its earnings results on Wednesday, December 6th. The industrial products company reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.07. The firm had revenue of $968.00 million during the quarter, compared to analyst estimates of $931.96 million. Greif Bros. had a net margin of 2.65% and a return on equity of 15.49%. The company’s quarterly revenue was up 11.6% on a year-over-year basis. During the same quarter last year, the business earned $0.65 earnings per share. sell-side analysts expect that Greif Bros. will post 2.85 EPS for the current year.

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%.

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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.

Earnings History and Estimates for Greif Bros. (NYSE:GEF)

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