Greif (GEF) to Release Earnings on Wednesday

Greif (NYSE:GEF - Get Free Report) is expected to be releasing its earnings data after the market closes on Wednesday, February 26th. Analysts expect Greif to post earnings of $0.72 per share and revenue of $1.26 billion for the quarter. Individual interested in listening to the company's earnings conference call can do so using this link.

Greif (NYSE:GEF - Get Free Report) last released its earnings results on Wednesday, December 4th. The industrial products company reported $0.85 EPS for the quarter, missing the consensus estimate of $1.08 by ($0.23). The firm had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.41 billion. Greif had a net margin of 4.81% and a return on equity of 11.84%. The company's revenue was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.56 EPS. On average, analysts expect Greif to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Greif Stock Down 1.9 %

NYSE GEF traded down $1.18 during trading on Friday, hitting $59.93. The stock had a trading volume of 132,008 shares, compared to its average volume of 153,494. The company has a market capitalization of $2.83 billion, a PE ratio of 13.26, a P/E/G ratio of 1.01 and a beta of 0.94. The company's 50-day moving average price is $61.27 and its two-hundred day moving average price is $63.06. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.13 and a current ratio of 1.53. Greif has a 12 month low of $55.95 and a 12 month high of $73.16.

Greif Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 1st. Shareholders of record on Monday, December 16th were paid a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 3.60%. The ex-dividend date of this dividend was Monday, December 16th. Greif's payout ratio is 47.79%.

Insider Transactions at Greif

In related news, EVP Bala Sathyanarayanan sold 748 shares of the business's stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $60.21, for a total transaction of $45,037.08. Following the transaction, the executive vice president now directly owns 32,729 shares of the company's stock, valued at approximately $1,970,613.09. The trade was a 2.23 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Lawrence A. Hilsheimer bought 550 shares of the firm's stock in a transaction that occurred on Friday, December 20th. The shares were acquired at an average cost of $67.88 per share, for a total transaction of $37,334.00. Following the completion of the acquisition, the chief financial officer now directly owns 162,151 shares in the company, valued at $11,006,809.88. The trade was a 0.34 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 6,225 shares of company stock worth $431,731 in the last 90 days. Corporate insiders own 7.60% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Sidoti assumed coverage on Greif in a research note on Wednesday, November 20th. They issued a "buy" rating and a $93.00 target price on the stock. Robert W. Baird boosted their target price on Greif from $70.00 to $75.00 and gave the company a "neutral" rating in a research note on Friday, December 6th. Bank of America dropped their price objective on Greif from $79.00 to $73.00 and set a "buy" rating on the stock in a research note on Monday, January 6th. Finally, Truist Financial upped their price objective on Greif from $67.00 to $71.00 and gave the stock a "hold" rating in a research note on Monday, January 6th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $79.33.

Greif Company Profile

Greif, Inc engages in the production and sale of industrial packaging products and services worldwide. The company operates through Global Industrial Packaging; Paper Packaging & Services; and Land Management segments. The Global Industrial Packaging segment produces and sells industrial packaging products, including steel, fiber, and plastic drums; rigid and flexible intermediate bulk containers; closure systems for industrial packaging products; transit protection products; water bottles, and remanufactured and reconditioned industrial containers; and various services, such as container life cycle management, filling, logistics, warehousing, and other packaging services to chemicals, paints and pigments, food and beverage, petroleum, industrial coatings, agriculture, pharmaceuticals, mineral product, and other industries.