Greif, Inc. (NYSE:GEF) Expected to Announce Earnings of $1.11 Per Share

Analysts expect that Greif, Inc. (NYSE:GEF) will post earnings per share of $1.11 for the current quarter, Zacks reports. Three analysts have provided estimates for Greif’s earnings, with the lowest EPS estimate coming in at $1.08 and the highest estimate coming in at $1.14. Greif posted earnings of $1.08 per share during the same quarter last year, which would suggest a positive year over year growth rate of 2.8%. The firm is expected to issue its next earnings report after the market closes on Wednesday, December 4th.

According to Zacks, analysts expect that Greif will report full-year earnings of $3.82 per share for the current fiscal year, with EPS estimates ranging from $3.80 to $3.85. For the next financial year, analysts forecast that the firm will report earnings of $4.02 per share, with EPS estimates ranging from $3.85 to $4.20. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that follow Greif.

A number of research analysts have issued reports on GEF shares. Zacks Investment Research upgraded shares of Greif from a “sell” rating to a “hold” rating and set a $34.00 target price on the stock in a research report on Monday, August 19th. ValuEngine upgraded shares of Greif from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Three investment analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. Greif has an average rating of “Hold” and an average price target of $36.38.

Shares of NYSE:GEF traded up $0.23 on Wednesday, reaching $43.17. 181,437 shares of the company’s stock were exchanged, compared to its average volume of 230,593. The company has a fifty day moving average of $41.04 and a 200-day moving average of $36.57. Greif has a twelve month low of $29.85 and a twelve month high of $47.44. The company has a market capitalization of $2.08 billion, a price-to-earnings ratio of 12.23, a PEG ratio of 1.24 and a beta of 1.41. The company has a current ratio of 1.60, a quick ratio of 1.11 and a debt-to-equity ratio of 2.37.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 1st. Investors of record on Wednesday, December 18th will be given a dividend of $0.44 per share. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $1.76 annualized dividend and a dividend yield of 4.08%. Greif’s dividend payout ratio is 49.86%.

Several hedge funds and other institutional investors have recently bought and sold shares of GEF. MCF Advisors LLC acquired a new stake in shares of Greif during the 2nd quarter worth approximately $33,000. SG Americas Securities LLC acquired a new stake in shares of Greif during the 2nd quarter worth approximately $157,000. Dupont Capital Management Corp boosted its position in shares of Greif by 92.0% during the 3rd quarter. Dupont Capital Management Corp now owns 4,142 shares of the industrial products company’s stock worth $157,000 after acquiring an additional 1,985 shares in the last quarter. State of Alaska Department of Revenue acquired a new stake in shares of Greif during the 3rd quarter worth approximately $176,000. Finally, Paloma Partners Management Co acquired a new stake in shares of Greif during the 2nd quarter worth approximately $207,000. Institutional investors and hedge funds own 46.07% of the company’s stock.

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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