Graphic Packaging (NYSE:GPK) Issues FY 2024 Earnings Guidance

Graphic Packaging (NYSE:GPK) updated its FY 2024 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 2.650-2.850 for the period, compared to the consensus estimate of 2.690. The company issued revenue guidance of -.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on GPK. Wells Fargo & Company reaffirmed an underweight rating and set a $21.00 price target on shares of Graphic Packaging in a research note on Monday, April 1st. Citigroup lifted their price target on shares of Graphic Packaging from $32.00 to $34.00 and gave the stock a buy rating in a research note on Thursday, April 4th. StockNews.com downgraded shares of Graphic Packaging from a buy rating to a hold rating in a research report on Thursday, February 22nd. Finally, Robert W. Baird lifted their price target on Graphic Packaging from $28.00 to $30.00 and gave the stock an outperform rating in a research note on Thursday, February 22nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of Hold and a consensus price target of $28.44.

Graphic Packaging Price Performance

Graphic Packaging stock traded down $1.55 during trading hours on Tuesday, hitting $26.28. 1,385,722 shares of the company traded hands, compared to its average volume of 2,769,965. Graphic Packaging has a 1-year low of $20.07 and a 1-year high of $29.50. The firm has a market cap of $8.08 billion, a P/E ratio of 11.84 and a beta of 0.84. The firm’s 50-day simple moving average is $27.49 and its two-hundred day simple moving average is $25.01. The company has a quick ratio of 0.42, a current ratio of 1.10 and a debt-to-equity ratio of 1.66.

Graphic Packaging (NYSE:GPK) last posted its quarterly earnings data on Tuesday, February 20th. The industrial products company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.06. Graphic Packaging had a net margin of 7.67% and a return on equity of 35.66%. The business had revenue of $2.25 billion for the quarter, compared to analyst estimates of $2.40 billion. The business’s revenue for the quarter was down 5.7% on a year-over-year basis. During the same quarter last year, the business earned $0.59 earnings per share. As a group, analysts forecast that Graphic Packaging will post 2.7 earnings per share for the current fiscal year.

Graphic Packaging Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 15th were issued a $0.10 dividend. The ex-dividend date was Thursday, March 14th. This represents a $0.40 annualized dividend and a dividend yield of 1.52%. Graphic Packaging’s dividend payout ratio (DPR) is 17.02%.

Insider Activity at Graphic Packaging

In other Graphic Packaging news, EVP Joseph P. Yost sold 70,000 shares of the company’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $26.20, for a total value of $1,834,000.00. Following the transaction, the executive vice president now owns 205,231 shares of the company’s stock, valued at $5,377,052.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.20% of the company’s stock.

Graphic Packaging Company Profile

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.