Equities analysts forecast that Greif Bros. Corporation (NYSE:GEF) will announce sales of $934.99 million for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Greif Bros. Corporation’s earnings. The highest sales estimate is $949.30 million and the lowest is $918.70 million. Greif Bros. Corporation reported sales of $867.60 million during the same quarter last year, which suggests a positive year over year growth rate of 7.8%. The company is expected to announce its next earnings results on Wednesday, December 6th.

According to Zacks, analysts expect that Greif Bros. Corporation will report full year sales of $934.99 million for the current fiscal year, with estimates ranging from $3.59 billion to $3.62 billion. For the next fiscal year, analysts forecast that the business will report sales of $3.70 billion per share, with estimates ranging from $3.64 billion to $3.75 billion. Zacks’ sales calculations are an average based on a survey of research analysts that cover Greif Bros. Corporation.

Greif Bros. Corporation (NYSE:GEF) last released its quarterly earnings data on Wednesday, August 30th. The industrial products company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.01. The company had revenue of $961.80 million during the quarter, compared to the consensus estimate of $901.76 million. Greif Bros. Corporation had a net margin of 2.65% and a return on equity of 15.49%. The firm’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same period last year, the firm earned $0.91 EPS.

A number of brokerages have issued reports on GEF. BMO Capital Markets reiterated a “hold” rating and set a $55.00 price objective on shares of Greif Bros. Corporation in a research note on Sunday, July 16th. BidaskClub upgraded shares of Greif Bros. Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th. Bank of America Corporation set a $60.00 price objective on shares of Greif Bros. Corporation and gave the stock a “buy” rating in a research note on Saturday, June 10th. Robert W. Baird reiterated an “outperform” rating and set a $63.00 price objective on shares of Greif Bros. Corporation in a research note on Sunday, June 11th. Finally, ValuEngine upgraded shares of Greif Bros. Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 9th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $57.50.

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In related news, major shareholder Shannon J. Diener bought 5,189 shares of the company’s stock in a transaction dated Thursday, July 6th. The stock was purchased at an average price of $62.37 per share, with a total value of $323,637.93. Following the completion of the acquisition, the insider now owns 10,189 shares of the company’s stock, valued at $635,487.93. The purchase was disclosed in a document filed with the SEC, which is available through this link. 16.79% of the stock is currently owned by corporate insiders.

Several hedge funds have recently bought and sold shares of GEF. Systematic Financial Management LP lifted its holdings in shares of Greif Bros. Corporation by 1,032.2% in the first quarter. Systematic Financial Management LP now owns 357,270 shares of the industrial products company’s stock worth $19,682,000 after acquiring an additional 325,715 shares during the last quarter. FMR LLC lifted its holdings in shares of Greif Bros. Corporation by 10.2% in the first quarter. FMR LLC now owns 836,801 shares of the industrial products company’s stock worth $46,099,000 after acquiring an additional 77,400 shares during the last quarter. Bank of Nova Scotia bought a new position in shares of Greif Bros. Corporation in the first quarter worth about $3,198,000. Ameriprise Financial Inc. lifted its holdings in shares of Greif Bros. Corporation by 22.5% in the first quarter. Ameriprise Financial Inc. now owns 290,660 shares of the industrial products company’s stock worth $16,015,000 after acquiring an additional 53,429 shares during the last quarter. Finally, AXA lifted its holdings in shares of Greif Bros. Corporation by 53.1% in the first quarter. AXA now owns 123,700 shares of the industrial products company’s stock worth $6,815,000 after acquiring an additional 42,900 shares during the last quarter. 47.83% of the stock is owned by hedge funds and other institutional investors.

Greif Bros. Corporation (NYSE:GEF) traded up 0.09% during trading on Thursday, hitting $57.60. 402,509 shares of the stock were exchanged. The stock has a market capitalization of $2.76 billion, a price-to-earnings ratio of 29.36 and a beta of 1.35. The firm has a 50-day moving average of $57.03 and a 200-day moving average of $56.44. Greif Bros. Corporation has a 52 week low of $45.54 and a 52 week high of $63.04.

The business also recently announced a quarterly dividend, which will be paid on Sunday, October 1st. Stockholders of record on Monday, September 18th will be issued a $0.42 dividend. The ex-dividend date is Friday, September 15th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.92%. Greif Bros. Corporation’s dividend payout ratio (DPR) is currently 105.66%.

About Greif Bros. Corporation

Greif, Inc is a producer of industrial packaging products and services. The Company’s segments are Rigid Industrial Packaging & Services; Paper Packaging & Services; Flexible Products & Services, and Land Management. The Rigid Industrial Packaging & Services segment is engaged in the production and sale of rigid industrial packaging products, and services, such as container life cycle management, filling, logistics, warehousing and other packaging services.

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Earnings History and Estimates for Greif Bros. Corporation (NYSE:GEF)

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