Greif (NYSE:GEF) Updates FY 2020 After-Hours Earnings Guidance

Greif (NYSE:GEF) updated its FY 2020
After-Hours earnings guidance on Wednesday. The company provided earnings per share guidance of 3.63-4.13 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.89.

Several equities analysts have issued reports on the stock. ValuEngine upgraded shares of Greif from a sell rating to a hold rating in a research note on Wednesday, October 2nd. Zacks Investment Research upgraded shares of Greif from a sell rating to a hold rating and set a $34.00 target price on the stock in a research note on Monday, August 19th. Three analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of $36.38.

GEF traded up $0.23 during midday trading on Wednesday, hitting $43.17. 181,437 shares of the company traded hands, compared to its average volume of 230,593. The company has a quick ratio of 1.11, a current ratio of 1.60 and a debt-to-equity ratio of 2.37. The firm has a market capitalization of $2.08 billion, a PE ratio of 12.23, a price-to-earnings-growth ratio of 1.24 and a beta of 1.41. The company’s 50-day moving average is $40.93 and its 200 day moving average is $36.54. Greif has a 52 week low of $29.85 and a 52 week high of $47.44.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 1st. Shareholders of record on Wednesday, December 18th will be paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 4.08%. The ex-dividend date of this dividend is Tuesday, December 17th. Greif’s dividend payout ratio is currently 49.86%.

About Greif

Greif, Inc produces and sells industrial packaging products and services worldwide. It operates through four segments: Rigid Industrial Packaging & Services; Paper Packaging & Services; Flexible Products & Services; and Land Management. The Rigid Industrial Packaging & Services segment offers rigid industrial packaging products, including steel, fiber, and plastic drums; rigid intermediate bulk containers; closure systems for industrial packaging products; transit protection products; water bottles, and remanufactured and reconditioned industrial containers; and services, such as container life cycle management, filling, logistics, warehousing, and other packaging services.

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Earnings History and Estimates for Greif (NYSE:GEF)

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