Graphic Packaging (GPK) Set to Announce Quarterly Earnings on Tuesday

Graphic Packaging (NYSE:GPK - Get Free Report) will be releasing its earnings data before the market opens on Tuesday, October 29th. Analysts expect Graphic Packaging to post earnings of $0.72 per share for the quarter. Graphic Packaging has set its FY24 guidance at $2.65-2.85 EPS and its FY 2024 guidance at 2.650-2.850 EPS.Investors that are interested in participating in the company's conference call can do so using this link.

Graphic Packaging (NYSE:GPK - Get Free Report) last announced its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $0.60 EPS for the quarter, topping analysts' consensus estimates of $0.56 by $0.04. Graphic Packaging had a return on equity of 30.74% and a net margin of 7.93%. The firm had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.27 billion. During the same period last year, the company earned $0.66 earnings per share. The company's revenue was down 6.5% on a year-over-year basis. On average, analysts expect Graphic Packaging to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Graphic Packaging Trading Down 1.0 %

Graphic Packaging stock traded down $0.29 during trading hours on Tuesday, reaching $29.54. 1,611,641 shares of the company's stock traded hands, compared to its average volume of 2,507,674. The firm has a market capitalization of $9.08 billion, a price-to-earnings ratio of 13.49, a PEG ratio of 5.08 and a beta of 0.83. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.58 and a current ratio of 1.45. Graphic Packaging has a fifty-two week low of $20.07 and a fifty-two week high of $30.66. The firm's 50 day moving average is $29.26 and its 200-day moving average is $28.14.

Graphic Packaging Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, October 5th. Investors of record on Sunday, September 15th were issued a $0.10 dividend. The ex-dividend date was Friday, September 13th. This represents a $0.40 annualized dividend and a yield of 1.35%. Graphic Packaging's dividend payout ratio is currently 18.10%.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

GPK has been the topic of a number of analyst reports. Royal Bank of Canada cut their price target on Graphic Packaging from $35.00 to $34.00 and set an "outperform" rating on the stock in a research note on Thursday, October 17th. Citigroup lowered their price target on Graphic Packaging from $31.00 to $30.00 and set a "buy" rating for the company in a research note on Monday, July 8th. Wells Fargo & Company lifted their price objective on shares of Graphic Packaging from $21.00 to $24.00 and gave the stock an "underweight" rating in a research note on Wednesday, July 31st. 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 target price for the company. Finally, StockNews.com lowered shares of Graphic Packaging from a "buy" rating to a "hold" rating in a report on Friday. One analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $31.87.

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.