Greif (GEF) to Release Quarterly Earnings on Wednesday

Greif (NYSE:GEF) is anticipated to post its quarterly earnings results 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 issued its quarterly 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 company had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.41 billion. During the same period in the prior year, the business earned $1.56 EPS. The business’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 %

NYSE:GEF opened at $59.93 on Monday. The stock’s fifty day moving average price is $61.14 and its two-hundred day moving average price is $63.12. The company has a market cap of $2.83 billion, a price-to-earnings ratio of 13.26, a P/E/G 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. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.13 and a current ratio of 1.53.

Greif Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 1st. Stockholders of record on Monday, December 16th were paid a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 3.60%. The ex-dividend date of this dividend was Monday, December 16th. Greif’s dividend payout ratio (DPR) is presently 47.79%.

Analysts Set New Price Targets

Several brokerages have weighed in on GEF. Bank of America dropped their price objective on Greif from $79.00 to $73.00 and set a “buy” rating for the company in a report on Monday, January 6th. Sidoti started coverage on shares of Greif in a research note on Wednesday, November 20th. They set a “buy” rating and a $93.00 price target for the company. Robert W. Baird lifted their target price on shares of Greif from $70.00 to $75.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. Finally, Truist Financial raised their price target on Greif from $67.00 to $71.00 and gave the stock a “hold” rating in a research report on Monday, January 6th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $79.33.

Insider Transactions at Greif

In other Greif news, CFO Lawrence A. Hilsheimer purchased 550 shares of the company’s stock in a transaction dated Friday, December 20th. The shares were bought at an average price of $67.88 per share, with a total value of $37,334.00. Following the completion of the transaction, the chief financial officer now directly owns 162,151 shares in the company, valued at $11,006,809.88. This trade represents a 0.34 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director B Andrew Rose acquired 3,500 shares of the firm’s stock in a transaction that occurred on Friday, December 20th. The stock was acquired at an average price of $70.20 per share, with a total value of $245,700.00. Following the completion of the transaction, the director now directly owns 3,500 shares in the company, valued at $245,700. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders have bought a total of 6,225 shares of company stock valued at $431,731 over the last three months. 7.60% of the stock is currently owned by corporate insiders.

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.