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

Graphic Packaging (NYSE:GPK) is anticipated to issue its quarterly earnings data before the market opens on Tuesday, February 4th. Analysts expect the company to announce earnings of $0.63 per share and revenue of $2.15 billion for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Graphic Packaging Stock Down 2.6 %

Shares of NYSE GPK opened at $27.39 on Monday. The business has a 50-day moving average of $28.11 and a two-hundred day moving average of $28.66. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.73 and a quick ratio of 0.72. Graphic Packaging has a 1 year low of $23.47 and a 1 year high of $30.70. The company has a market capitalization of $8.22 billion, a price-to-earnings ratio of 11.71 and a beta of 0.85.

Graphic Packaging Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Sunday, January 5th. Stockholders of record on Sunday, December 15th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date was Friday, December 13th. Graphic Packaging’s dividend payout ratio (DPR) is currently 17.09%.

Insider Buying and Selling

In related news, EVP Michael James Farrell sold 25,900 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $28.99, for a total value of $750,841.00. Following the transaction, the executive vice president now directly owns 81,026 shares of the company’s stock, valued at approximately $2,348,943.74. This trade represents a 24.22 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Charles D. Lischer sold 12,000 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $29.65, for a total value of $355,800.00. Following the completion of the transaction, the chief accounting officer now directly owns 49,849 shares in the company, valued at $1,478,022.85. This trade represents a 19.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on GPK shares. Wells Fargo & Company upgraded Graphic Packaging from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $24.00 to $27.00 in a research report on Monday, January 6th. StockNews.com cut Graphic Packaging from a “buy” rating to a “hold” rating in a research report on Wednesday, October 30th. Royal Bank of Canada cut their target price on Graphic Packaging from $35.00 to $34.00 and set an “outperform” rating on the stock in a research report on Thursday, October 17th. Truist Financial boosted their price target on Graphic Packaging from $30.00 to $32.00 and gave the company a “hold” rating in a research report on Monday, January 6th. Finally, Citigroup reaffirmed a “neutral” rating and set a $30.00 price objective (down from $33.00) on shares of Graphic Packaging in a research note on Monday, January 6th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $32.37.

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.