Equities analysts expect that Greif, Inc. (NYSE:GEF) will post sales of $1.34 billion for the current quarter, according to Zacks. Four analysts have issued estimates for Greif’s earnings, with the highest sales estimate coming in at $1.41 billion and the lowest estimate coming in at $1.27 billion. Greif posted sales of $1.01 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 32.7%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, September 4th.
On average, analysts expect that Greif will report full year sales of $4.78 billion for the current year, with estimates ranging from $4.66 billion to $4.90 billion. For the next year, analysts anticipate that the business will post sales of $5.05 billion, with estimates ranging from $4.97 billion to $5.19 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Greif.
Greif (NYSE:GEF) last issued its quarterly earnings results on Wednesday, June 5th. The industrial products company reported $0.81 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.02. The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.24 billion. Greif had a return on equity of 19.11% and a net margin of 3.68%. The company’s revenue for the quarter was up 25.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.76 EPS.
In other Greif news, Director Mark A. Emkes acquired 1,190 shares of Greif stock in a transaction on Tuesday, July 2nd. The shares were bought at an average price of $32.75 per share, with a total value of $38,972.50. Following the completion of the purchase, the director now owns 31,532 shares in the company, valued at $1,032,673. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Lawrence A. Hilsheimer acquired 3,450 shares of Greif stock in a transaction on Friday, July 5th. The stock was acquired at an average cost of $33.76 per share, for a total transaction of $116,472.00. Following the purchase, the chief financial officer now owns 108,090 shares of the company’s stock, valued at approximately $3,649,118.40. The disclosure for this purchase can be found here. Insiders acquired 20,358 shares of company stock worth $670,275 over the last quarter. Company insiders own 13.56% of the company’s stock.
A number of institutional investors have recently bought and sold shares of GEF. Quantamental Technologies LLC acquired a new position in shares of Greif during the first quarter valued at $122,000. AdvisorNet Financial Inc acquired a new position in shares of Greif during the second quarter valued at $109,000. Mercer Global Advisors Inc. ADV acquired a new position in shares of Greif during the first quarter valued at $206,000. Municipal Employees Retirement System of Michigan acquired a new position in shares of Greif during the fourth quarter valued at $225,000. Finally, Denali Advisors LLC acquired a new position in shares of Greif during the second quarter valued at $199,000. 47.75% of the stock is currently owned by institutional investors.
NYSE GEF traded up $0.50 during trading on Monday, hitting $34.71. The company’s stock had a trading volume of 199,645 shares, compared to its average volume of 371,498. The company has a current ratio of 1.67, a quick ratio of 1.15 and a debt-to-equity ratio of 2.51. The business’s 50 day moving average is $34.02. The firm has a market cap of $1.68 billion, a price-to-earnings ratio of 9.83, a P/E/G ratio of 1.04 and a beta of 1.36. Greif has a 52 week low of $30.12 and a 52 week high of $59.00.
The business also recently declared a quarterly dividend, which was paid on Monday, July 1st. Shareholders of record on Tuesday, June 18th were given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 5.07%. The ex-dividend date was Monday, June 17th. Greif’s dividend payout ratio (DPR) is 49.86%.
Greif Company Profile
Greif, Inc produces and sells industrial packaging products and services worldwide. It operates through four segments: Rigid Industrial Packaging & Services; Paper Packaging & Services; Flexible Products & Services; and Land Management. The Rigid Industrial Packaging & Services segment offers rigid industrial packaging products, including steel, fiber, and plastic drums; rigid intermediate bulk containers; closure systems for industrial packaging products; transit protection products; water bottles, and remanufactured and reconditioned industrial containers; and services, such as container life cycle management, filling, logistics, warehousing, and other packaging services.
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