Graphic Packaging Holding (GPK) Forecasted to Earn FY2018 Earnings of $0.94 Per Share

Graphic Packaging Holding (NYSE:GPK) – DA Davidson boosted their FY2018 earnings estimates for shares of Graphic Packaging in a report released on Wednesday. DA Davidson analyst S. Chercover now expects that the industrial products company will post earnings per share of $0.94 for the year, up from their prior estimate of $0.85. DA Davidson also issued estimates for Graphic Packaging’s FY2019 earnings at $1.06 EPS.

Graphic Packaging (NYSE:GPK) last posted its earnings results on Tuesday, October 24th. The industrial products company reported $0.18 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.18. Graphic Packaging had a return on equity of 17.27% and a net margin of 3.70%. The firm had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the prior year, the company earned $0.20 EPS. Graphic Packaging’s revenue was up 3.1% on a year-over-year basis.

A number of other research firms have also issued reports on GPK. Zacks Investment Research raised Graphic Packaging from a “sell” rating to a “hold” rating and set a $18.00 target price on the stock in a research note on Monday. KeyCorp reaffirmed a “hold” rating on shares of Graphic Packaging in a research note on Sunday, October 29th. BMO Capital Markets upped their target price on Graphic Packaging from $15.50 to $17.00 and gave the company an “outperform” rating in a research note on Wednesday, October 25th. Robert W. Baird upped their target price on Graphic Packaging from $16.00 to $18.00 and gave the company an “outperform” rating in a research note on Wednesday, October 25th. Finally, Stephens assumed coverage on Graphic Packaging in a research note on Tuesday, October 24th. They issued an “overweight” rating and a $17.00 target price on the stock. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $16.48.

Graphic Packaging (NYSE GPK) traded up $0.04 during mid-day trading on Monday, reaching $16.25. The company had a trading volume of 2,705,458 shares, compared to its average volume of 3,254,386. Graphic Packaging has a 12-month low of $12.00 and a 12-month high of $16.56. The company has a current ratio of 1.50, a quick ratio of 0.74 and a debt-to-equity ratio of 1.96. The stock has a market cap of $5,010.00, a price-to-earnings ratio of 31.86, a P/E/G ratio of 3.63 and a beta of 1.19.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Aurora Investment Counsel acquired a new position in Graphic Packaging in the 4th quarter valued at $2,407,000. California Public Employees Retirement System raised its holdings in Graphic Packaging by 3.3% in the 3rd quarter. California Public Employees Retirement System now owns 690,502 shares of the industrial products company’s stock valued at $9,633,000 after acquiring an additional 22,202 shares during the last quarter. Cubist Systematic Strategies LLC raised its holdings in Graphic Packaging by 304.3% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 52,812 shares of the industrial products company’s stock valued at $737,000 after acquiring an additional 39,751 shares during the last quarter. Janus Henderson Group PLC raised its holdings in Graphic Packaging by 6.5% in the 3rd quarter. Janus Henderson Group PLC now owns 9,022,954 shares of the industrial products company’s stock valued at $125,871,000 after acquiring an additional 548,688 shares during the last quarter. Finally, Vident Investment Advisory LLC acquired a new position in Graphic Packaging in the 3rd quarter valued at $2,951,000. Institutional investors own 96.88% of the company’s stock.

In other Graphic Packaging news, VP Deborah R. Frank sold 38,266 shares of the business’s stock in a transaction on Friday, October 27th. The stock was sold at an average price of $15.51, for a total value of $593,505.66. Following the completion of the transaction, the vice president now directly owns 77,139 shares in the company, valued at approximately $1,196,425.89. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.02% of the company’s stock.

The firm also recently declared a quarterly dividend, which was paid on Friday, January 5th. Shareholders of record on Friday, December 15th were issued a $0.075 dividend. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $0.30 annualized dividend and a yield of 1.85%. Graphic Packaging’s dividend payout ratio (DPR) is presently 58.82%.

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Graphic Packaging Company Profile

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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