Greif (GEF) to Release Earnings on Wednesday

Greif (NYSE:GEF - Get Free Report) is scheduled to 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 interested in registering for the company's conference call can do so using this link.

Greif (NYSE:GEF - Get Free Report) last posted its quarterly earnings data on Wednesday, August 28th. The industrial products company reported $1.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.17 by ($0.14). The company had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.43 billion. Greif had a net margin of 4.99% and a return on equity of 13.28%. On average, analysts expect Greif to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Greif Trading Down 1.4 %

Shares of NYSE GEF traded down $1.00 during trading hours on Wednesday, hitting $70.80. 187,330 shares of the company traded hands, compared to its average volume of 168,238. The stock has a market capitalization of $3.34 billion, a price-to-earnings ratio of 15.51 and a beta of 0.91. The company's 50 day moving average price is $64.59 and its 200 day moving average price is $62.71. Greif has a 12 month low of $55.95 and a 12 month high of $73.16. The company has a current ratio of 1.70, a quick ratio of 1.28 and a debt-to-equity ratio of 1.35.

Analysts Set New Price Targets

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