Greif (GEF) Projected to Post Quarterly Earnings on Wednesday

Greif (NYSE:GEF) is expected to release its earnings data after the market closes on Wednesday, February 26th. Analysts expect Greif to post earnings of $0.68 per share and revenue of $1.27 billion for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Greif (NYSE:GEF) last announced its quarterly earnings results on Wednesday, December 4th. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.23). The company had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.41 billion. Greif had a net margin of 4.81% and a return on equity of 11.84%. The business’s revenue was up 8.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.56 EPS. On average, analysts expect Greif to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Greif Stock Performance

Shares of NYSE GEF opened at $61.76 on Wednesday. The firm’s 50-day moving average price is $61.55 and its 200-day moving average price is $63.09. The company has a quick ratio of 1.13, a current ratio of 1.53 and a debt-to-equity ratio of 1.26. The company has a market cap of $2.91 billion, a PE ratio of 13.66, a PEG ratio of 1.02 and a beta of 0.94. Greif has a 52-week low of $55.95 and a 52-week high of $73.16.

Greif Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 1st. Stockholders of record on Monday, December 16th were issued a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.50%. The ex-dividend date of this dividend was Monday, December 16th. Greif’s payout ratio is presently 47.79%.

Insider Buying and Selling at Greif

In other Greif news, EVP Bala Sathyanarayanan sold 748 shares of the business’s stock in a transaction 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 transaction, the executive vice president now owns 32,729 shares in the company, valued at $1,970,613.09. The trade was a 2.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director B Andrew Rose acquired 3,500 shares of the business’s stock in a transaction on Friday, December 20th. The shares were purchased at an average price of $70.20 per share, for a total transaction of $245,700.00. Following the transaction, the director now directly owns 3,500 shares of the company’s stock, valued at approximately $245,700. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought 6,225 shares of company stock worth $431,731 over the last quarter. Insiders own 7.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Truist Financial raised their price target on shares of Greif from $67.00 to $71.00 and gave the company a “hold” rating in a report on Monday, January 6th. Sidoti assumed coverage on shares of Greif in a report on Wednesday, November 20th. They set a “buy” rating and a $93.00 price target on the stock. Robert W. Baird boosted their price target on shares of Greif from $70.00 to $75.00 and gave the stock a “neutral” rating in a research report on Friday, December 6th. Finally, Bank of America reduced their price target on shares of Greif from $79.00 to $73.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average 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.