Graphic Packaging (GPK) Expected to Announce Quarterly Earnings on Tuesday

Graphic Packaging (NYSE:GPK) is projected to issue its quarterly earnings data before the market opens on Tuesday, February 4th. Analysts expect the company to announce earnings of $0.63 per share and revenue of $2.15 billion for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Graphic Packaging Stock Down 2.6 %

Shares of Graphic Packaging stock opened at $27.39 on Monday. The business has a 50-day moving average of $28.11 and a 200-day moving average of $28.66. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.73 and a quick ratio of 0.72. The company has a market capitalization of $8.22 billion, a PE ratio of 11.71 and a beta of 0.85. Graphic Packaging has a 1-year low of $23.47 and a 1-year high of $30.70.

Graphic Packaging Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Sunday, January 5th. Stockholders of record on Sunday, December 15th were paid a dividend of $0.10 per share. The ex-dividend date was Friday, December 13th. This represents a $0.40 annualized dividend and a dividend yield of 1.46%. Graphic Packaging’s dividend payout ratio is presently 17.09%.

Insider Buying and Selling at Graphic Packaging

In other news, CAO Charles D. Lischer sold 12,000 shares of Graphic Packaging stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $29.65, for a total transaction of $355,800.00. Following the sale, the chief accounting officer now owns 49,849 shares of the company’s stock, valued at approximately $1,478,022.85. The trade was a 19.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Michael James Farrell sold 25,900 shares of Graphic Packaging stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $28.99, for a total value of $750,841.00. Following the sale, the executive vice president now directly owns 81,026 shares in the company, valued at approximately $2,348,943.74. This trade represents a 24.22 % decrease in their position. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by insiders.

Analysts Set New Price Targets

GPK has been the subject of several recent analyst reports. Truist Financial raised their target price on Graphic Packaging from $30.00 to $32.00 and gave the company a “hold” rating in a research note on Monday, January 6th. Citigroup reiterated a “neutral” rating and issued a $30.00 price target (down from $33.00) on shares of Graphic Packaging in a research note on Monday, January 6th. StockNews.com downgraded Graphic Packaging from a “buy” rating to a “hold” rating in a research note on Wednesday, October 30th. Royal Bank of Canada decreased their price target on Graphic Packaging from $35.00 to $34.00 and set an “outperform” rating for the company in a research note on Thursday, October 17th. Finally, Wells Fargo & Company upgraded Graphic Packaging from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $24.00 to $27.00 in a research note on Monday, January 6th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $32.37.

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.