Graphic Packaging (NYSE:GPK – Get Free Report) announced its earnings results on Tuesday. The industrial products company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.56 by $0.04, Briefing.com reports. Graphic Packaging had a return on equity of 32.55% and a net margin of 7.36%. The business had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.27 billion. During the same period in the prior year, the business posted $0.66 earnings per share. Graphic Packaging’s revenue was down 6.5% compared to the same quarter last year. Graphic Packaging updated its FY24 guidance to $2.65-2.85 EPS and its FY 2024 guidance to 2.650-2.850 EPS.
Graphic Packaging Stock Performance
NYSE GPK traded up $0.72 during trading on Wednesday, hitting $29.81. The company’s stock had a trading volume of 878,889 shares, compared to its average volume of 2,694,001. The company has a quick ratio of 0.52, a current ratio of 1.24 and a debt-to-equity ratio of 1.72. The firm has a 50 day moving average price of $27.27 and a 200 day moving average price of $27.00. The firm has a market cap of $9.16 billion, a P/E ratio of 13.41, a price-to-earnings-growth ratio of 10.20 and a beta of 0.85. Graphic Packaging has a 52 week low of $20.07 and a 52 week high of $29.92.
Graphic Packaging Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, July 5th. Shareholders of record on Saturday, June 15th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.34%. The ex-dividend date was Friday, June 14th. Graphic Packaging’s dividend payout ratio is currently 18.10%.
Wall Street Analysts Forecast Growth
View Our Latest Report on Graphic Packaging
About Graphic Packaging
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.
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