Equities Analysts Set Expectations for Greif, Inc.'s FY2024 Earnings (NYSE:GEF)

Greif, Inc. (NYSE:GEF - Free Report) - Research analysts at Zacks Research dropped their FY2024 EPS estimates for Greif in a research report issued on Wednesday, September 18th. Zacks Research analyst M. Das now forecasts that the industrial products company will post earnings per share of $4.15 for the year, down from their prior forecast of $4.23. The consensus estimate for Greif's current full-year earnings is $4.22 per share. Zacks Research also issued estimates for Greif's Q2 2025 earnings at $1.24 EPS, Q3 2025 earnings at $1.43 EPS, FY2025 earnings at $4.81 EPS, Q2 2026 earnings at $1.32 EPS and FY2026 earnings at $5.26 EPS.

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

Other analysts have also issued reports about the stock. StockNews.com lowered shares of Greif from a "buy" rating to a "hold" rating in a research report on Wednesday, July 10th. Bank of America reduced their price target on Greif from $77.00 to $73.00 and set a "buy" rating for the company in a report on Friday, August 30th. Raymond James began coverage on Greif in a research note on Friday, July 19th. They issued a "market perform" rating on the stock. Wells Fargo & Company reduced their target price on Greif from $80.00 to $76.00 and set an "overweight" rating for the company in a research note on Monday, August 26th. Finally, Stifel Nicolaus restated a "buy" rating and issued a $88.00 price target on shares of Greif in a research note on Monday, August 26th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $76.00.

Greif Stock Down 0.7 %

Shares of NYSE:GEF traded down $0.46 during trading on Monday, hitting $62.47. 98,241 shares of the company were exchanged, compared to its average volume of 165,518. Greif has a fifty-two week low of $55.95 and a fifty-two week high of $71.36. The stock has a market cap of $2.94 billion, a price-to-earnings ratio of 13.43 and a beta of 0.91. The company has a current ratio of 1.70, a quick ratio of 1.28 and a debt-to-equity ratio of 1.35. The firm has a fifty day moving average price of $61.96 and a two-hundred day moving average price of $62.59.

Greif Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Monday, September 16th will be issued a dividend of $0.54 per share. This is a boost from Greif's previous quarterly dividend of $0.52. This represents a $2.16 annualized dividend and a yield of 3.46%. The ex-dividend date of this dividend is Monday, September 16th. Greif's dividend payout ratio (DPR) is presently 46.45%.

Institutional Trading of Greif

Several institutional investors have recently added to or reduced their stakes in GEF. Verdence Capital Advisors LLC boosted its position in shares of Greif by 3.6% in the first quarter. Verdence Capital Advisors LLC now owns 5,109 shares of the industrial products company's stock valued at $353,000 after acquiring an additional 178 shares during the period. Mercer Global Advisors Inc. ADV boosted its holdings in Greif by 5.8% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 4,049 shares of the industrial products company's stock valued at $233,000 after purchasing an additional 222 shares during the period. Quarry LP grew its position in shares of Greif by 71.9% during the 2nd quarter. Quarry LP now owns 545 shares of the industrial products company's stock worth $31,000 after purchasing an additional 228 shares in the last quarter. ProShare Advisors LLC increased its holdings in shares of Greif by 4.6% during the first quarter. ProShare Advisors LLC now owns 5,616 shares of the industrial products company's stock worth $388,000 after purchasing an additional 246 shares during the period. Finally, Cadence Wealth Management LLC raised its position in shares of Greif by 11.1% in the second quarter. Cadence Wealth Management LLC now owns 4,460 shares of the industrial products company's stock valued at $256,000 after buying an additional 444 shares in the last quarter. 45.74% of the stock is currently owned by institutional investors.

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.