Greif (GEF) to Release Quarterly Earnings on Wednesday

Greif (NYSE:GEF) will likely be releasing its earnings data after the market closes on Wednesday, February 26th. Analysts expect Greif to post earnings of $0.72 per share and revenue of $1.26 billion for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Greif (NYSE:GEF) last released its earnings results on Wednesday, December 4th. The industrial products company reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.23). Greif had a net margin of 4.81% and a return on equity of 11.84%. The business had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.41 billion. During the same period last year, the business posted $1.56 EPS. The firm’s revenue for the quarter was up 8.3% on a year-over-year basis. 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 1.9 %

Shares of GEF stock opened at $59.93 on Monday. The firm’s fifty day moving average price is $61.14 and its two-hundred day moving average price is $63.12. Greif has a 1 year low of $55.95 and a 1 year high of $73.16. The company has a current ratio of 1.53, a quick ratio of 1.13 and a debt-to-equity ratio of 1.26. The firm has a market capitalization of $2.83 billion, a P/E ratio of 13.26, a PEG ratio of 1.02 and a beta of 0.94.

Greif Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 1st. Investors of record on Monday, December 16th were given a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.60%. The ex-dividend date of this dividend was Monday, December 16th. Greif’s dividend payout ratio is currently 47.79%.

Insiders Place Their Bets

In other Greif news, EVP Bala Sathyanarayanan sold 748 shares of the firm’s stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $60.21, for a total transaction of $45,037.08. Following the completion of the sale, the executive vice president now directly owns 32,729 shares in the company, valued at $1,970,613.09. This trade represents a 2.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director B Andrew Rose acquired 3,500 shares of Greif stock in a transaction dated Friday, December 20th. The shares were purchased at an average price of $70.20 per share, with a total value of $245,700.00. Following the acquisition, the director now owns 3,500 shares of the company’s stock, valued at approximately $245,700. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased a total of 6,225 shares of company stock valued at $431,731 over the last ninety days. 7.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on GEF shares. Truist Financial raised their price target on Greif from $67.00 to $71.00 and gave the company a “hold” rating in a research note on Monday, January 6th. Bank of America lowered their target price on shares of Greif from $79.00 to $73.00 and set a “buy” rating on the stock in a report on Monday, January 6th. 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 target for the company. Finally, Robert W. Baird boosted their price objective on shares of Greif from $70.00 to $75.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $79.33.

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.