Greif (GEF) Scheduled to Post Earnings on Wednesday

Greif (NYSE:GEF - Get Free Report) will be releasing its earnings data after the market closes on Wednesday, December 4th. Analysts expect Greif to post earnings of $1.08 per share for the quarter. Parties that are interested in participating in the company's conference call can do so using this link.

Greif (NYSE:GEF - Get Free Report) last announced its earnings results on Wednesday, August 28th. The industrial products company reported $1.03 earnings per share for the quarter, missing analysts' consensus estimates of $1.17 by ($0.14). Greif had a net margin of 4.99% and a return on equity of 13.28%. The company had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.43 billion. 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 1.4 %

Shares of NYSE:GEF traded down $1.00 during trading on Wednesday, hitting $70.80. The stock had a trading volume of 187,330 shares, compared to its average volume of 168,238. The company has a market capitalization of $3.34 billion, a PE ratio of 15.51 and a beta of 0.91. The company has a quick ratio of 1.28, a current ratio of 1.70 and a debt-to-equity ratio of 1.35. The firm's fifty day moving average is $64.59 and its 200 day moving average is $62.71. Greif has a 12 month low of $55.95 and a 12 month high of $73.16.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Truist Financial reissued a "hold" rating and issued a $67.00 target price (down from $69.00) on shares of Greif in a report on Friday, August 30th. Wells Fargo & Company cut their price objective on shares of Greif from $80.00 to $76.00 and set an "overweight" rating for the company in a research report on Monday, August 26th. Sidoti initiated coverage on Greif in a report on Wednesday, November 20th. They issued a "buy" rating and a $93.00 target price on the stock. Stifel Nicolaus reaffirmed a "buy" rating and set a $88.00 price objective on shares of Greif in a research report on Monday, August 26th. Finally, Bank of America lowered their price target on shares of Greif from $77.00 to $73.00 and set a "buy" rating on the stock in a report on Friday, August 30th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, Greif currently has an average rating of "Moderate Buy" and an average target price of $79.40.

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.