FY2024 Earnings Estimate for GPK Issued By Seaport Res Ptn

Graphic Packaging Holding (NYSE:GPK - Free Report) - Equities researchers at Seaport Res Ptn decreased their FY2024 EPS estimates for Graphic Packaging in a research report issued to clients and investors on Tuesday, October 29th. Seaport Res Ptn analyst M. Weintraub now expects that the industrial products company will earn $2.53 per share for the year, down from their previous estimate of $2.68. The consensus estimate for Graphic Packaging's current full-year earnings is $2.65 per share. Seaport Res Ptn also issued estimates for Graphic Packaging's Q4 2024 earnings at $0.63 EPS, Q1 2025 earnings at $0.62 EPS, Q2 2025 earnings at $0.67 EPS, Q3 2025 earnings at $0.72 EPS, Q4 2025 earnings at $0.65 EPS and FY2025 earnings at $2.65 EPS.

Graphic Packaging (NYSE:GPK - Get Free Report) last announced its earnings results on Tuesday, October 29th. The industrial products company reported $0.64 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.04). Graphic Packaging had a return on equity of 30.74% and a net margin of 7.93%. The business had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.27 billion. During the same quarter in the previous year, the company posted $0.74 EPS. The business's revenue for the quarter was down 5.7% compared to the same quarter last year.

A number of other analysts have also recently commented on the stock. Stifel Nicolaus assumed coverage on shares of Graphic Packaging in a research note on Tuesday, July 9th. They issued a "buy" rating and a $35.20 price target for the company. Royal Bank of Canada cut their price target on shares of Graphic Packaging from $35.00 to $34.00 and set an "outperform" rating for the company in a research note on Thursday, October 17th. Citigroup cut their price target on shares of Graphic Packaging from $31.00 to $30.00 and set a "buy" rating for the company in a research note on Monday, July 8th. StockNews.com cut shares of Graphic Packaging from a "buy" rating to a "hold" rating in a research note on Wednesday. Finally, Wells Fargo & Company increased their price target on shares of Graphic Packaging from $21.00 to $24.00 and gave the company an "underweight" rating in a research note on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $31.53.

Graphic Packaging Price Performance

GPK stock remained flat at $28.26 during trading hours on Thursday. 7,656,287 shares of the company's stock were exchanged, compared to its average volume of 2,589,367. The company has a market capitalization of $8.68 billion, a PE ratio of 12.72, a PEG ratio of 10.94 and a beta of 0.83. The company has a quick ratio of 0.58, a current ratio of 1.45 and a debt-to-equity ratio of 1.75. The company's fifty day moving average is $29.41 and its 200-day moving average is $28.18. Graphic Packaging has a 12-month low of $21.08 and a 12-month high of $30.70.

Insider Activity

In other news, CEO Michael P. Doss sold 49,183 shares of the stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $27.91, for a total value of $1,372,697.53. Following the transaction, the chief executive officer now directly owns 1,909,576 shares of the company's stock, valued at $53,296,266.16. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Michael P. Doss sold 49,183 shares of the firm's stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $27.91, for a total transaction of $1,372,697.53. Following the transaction, the chief executive officer now directly owns 1,909,576 shares of the company's stock, valued at approximately $53,296,266.16. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael P. Doss sold 86,374 shares of the firm's stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $28.05, for a total transaction of $2,422,790.70. Following the transaction, the chief executive officer now directly owns 2,123,202 shares in the company, valued at approximately $59,555,816.10. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.20% of the company's stock.

Hedge Funds Weigh In On Graphic Packaging

A number of hedge funds have recently bought and sold shares of GPK. Keynote Financial Services LLC acquired a new stake in Graphic Packaging during the third quarter worth about $211,000. Advisor Resource Council acquired a new stake in Graphic Packaging during the third quarter worth about $328,000. Concurrent Investment Advisors LLC acquired a new stake in Graphic Packaging during the third quarter worth about $289,000. QRG Capital Management Inc. grew its stake in Graphic Packaging by 14.5% during the third quarter. QRG Capital Management Inc. now owns 35,331 shares of the industrial products company's stock worth $1,045,000 after buying an additional 4,466 shares in the last quarter. Finally, Harbor Capital Advisors Inc. grew its stake in Graphic Packaging by 74.6% during the third quarter. Harbor Capital Advisors Inc. now owns 500,312 shares of the industrial products company's stock worth $14,804,000 after buying an additional 213,686 shares in the last quarter. 99.67% of the stock is owned by institutional investors.

About Graphic Packaging

Graphic Packaging Holding Company, together with its subsidiaries, designs, produces, and sells consumer packaging products to brands in food, beverage, foodservice, household, and other consumer products. It operates through three segments: Paperboard Manufacturing, Americas Paperboard Packaging, and Europe Paperboard Packaging.