Seaport Res Ptn Has Negative Outlook for GPK FY2024 Earnings

Graphic Packaging Holding (NYSE:GPK) – Equities researchers at Seaport Res Ptn cut their FY2024 EPS estimates for Graphic Packaging in a research report issued on Tuesday, October 29th. Seaport Res Ptn analyst M. Weintraub now anticipates that the industrial products company will post earnings per share of $2.53 for the year, down from their previous forecast of $2.68. The consensus estimate for Graphic Packaging’s current full-year earnings is $2.52 per share. Seaport Res Ptn also issued estimates for Graphic Packaging’s Q4 2024 earnings at $0.63 EPS, Q1 2025 earnings at $0.62 EPS, Q2 2025 earnings at $0.67 EPS, Q3 2025 earnings at $0.72 EPS, Q4 2025 earnings at $0.65 EPS and FY2025 earnings at $2.65 EPS.

Graphic Packaging (NYSE:GPK) last issued its earnings results on Tuesday, October 29th. The industrial products company reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.04). The company had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.27 billion. Graphic Packaging had a return on equity of 28.26% and a net margin of 7.99%. The business’s revenue was down 5.7% compared to the same quarter last year. During the same period last year, the business posted $0.74 earnings per share.

A number of other research analysts also recently issued reports on the stock. Royal Bank of Canada decreased their target price on shares of Graphic Packaging from $35.00 to $34.00 and set an “outperform” rating for the company in a research report on Thursday, October 17th. StockNews.com downgraded shares of Graphic Packaging from a “buy” rating to a “hold” rating in a research report on Wednesday. Wells Fargo & Company upped their price objective on shares of Graphic Packaging from $21.00 to $24.00 and gave the stock an “underweight” rating in a research report on Wednesday, July 31st. Robert W. Baird upped their price objective on shares of Graphic Packaging from $30.00 to $36.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Finally, Stifel Nicolaus initiated coverage on shares of Graphic Packaging in a research report on Tuesday, July 9th. They issued a “buy” rating and a $35.20 price objective for the company. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $31.53.

Graphic Packaging Trading Up 0.1 %

NYSE:GPK opened at $28.28 on Thursday. Graphic Packaging has a 12 month low of $21.25 and a 12 month high of $30.70. The firm has a fifty day simple moving average of $29.39 and a 200-day simple moving average of $28.19. The company has a current ratio of 1.73, a quick ratio of 0.58 and a debt-to-equity ratio of 1.78. The company has a market capitalization of $8.49 billion, a P/E ratio of 12.03, a PEG ratio of 10.99 and a beta of 0.83.

Insider Buying and Selling at Graphic Packaging

In related news, CEO Michael P. Doss sold 49,183 shares of the 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 transaction, the chief executive officer now directly owns 1,909,576 shares of the company’s stock, valued at $53,296,266.16. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CEO Michael P. Doss sold 49,183 shares of the 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 transaction, the chief executive officer now directly owns 1,909,576 shares of the company’s stock, valued at $53,296,266.16. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Michael P. Doss sold 86,374 shares of the firm’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $28.05, for a total transaction of $2,422,790.70. Following the transaction, the chief executive officer now directly owns 2,123,202 shares in the company, valued at $59,555,816.10. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.

Institutional Trading of Graphic Packaging

Several hedge funds have recently made changes to their positions in the company. American Century Companies Inc. lifted its stake in shares of Graphic Packaging by 41.9% in the second quarter. American Century Companies Inc. now owns 12,115,566 shares of the industrial products company’s stock valued at $317,549,000 after purchasing an additional 3,576,877 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in shares of Graphic Packaging by 24.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 14,800,425 shares of the industrial products company’s stock valued at $437,945,000 after purchasing an additional 2,927,344 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in shares of Graphic Packaging by 7.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 9,600,600 shares of the industrial products company’s stock valued at $251,632,000 after purchasing an additional 706,486 shares during the period. Sei Investments Co. lifted its stake in shares of Graphic Packaging by 33.2% in the second quarter. Sei Investments Co. now owns 1,719,878 shares of the industrial products company’s stock valued at $45,078,000 after purchasing an additional 428,278 shares during the period. Finally, CANADA LIFE ASSURANCE Co lifted its stake in shares of Graphic Packaging by 171.7% in the first quarter. CANADA LIFE ASSURANCE Co now owns 603,023 shares of the industrial products company’s stock valued at $17,631,000 after purchasing an additional 381,112 shares during the period. Institutional investors and hedge funds own 99.67% 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.