Graphic Packaging Holding (NYSE:GPK) – Analysts at DA Davidson dropped their Q2 2018 earnings per share estimates for shares of Graphic Packaging in a research note issued to investors on Wednesday. DA Davidson analyst S. Chercover now expects that the industrial products company will post earnings per share of $0.22 for the quarter, down from their prior forecast of $0.24. DA Davidson also issued estimates for Graphic Packaging’s Q3 2018 earnings at $0.27 EPS and FY2018 earnings at $0.92 EPS.

Graphic Packaging (NYSE:GPK) last posted its quarterly earnings data on Tuesday, February 6th. The industrial products company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.02). Graphic Packaging had a net margin of 6.82% and a return on equity of 17.09%. The firm had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter last year, the business earned $0.14 earnings per share. The business’s quarterly revenue was up 5.0% on a year-over-year basis.

Other equities research analysts have also issued reports about the stock. Royal Bank of Canada restated a “buy” rating and set a $19.00 target price on shares of Graphic Packaging in a research report on Thursday, February 1st. BMO Capital Markets restated a “buy” rating and set a $18.00 target price on shares of Graphic Packaging in a research report on Thursday, January 25th. Zacks Investment Research upgraded shares of Graphic Packaging from a “sell” rating to a “hold” rating and set a $18.00 target price on the stock in a research report on Monday, January 8th. KeyCorp restated a “hold” rating on shares of Graphic Packaging in a research report on Sunday, October 29th. Finally, Robert W. Baird boosted their target price on shares of Graphic Packaging from $16.00 to $18.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 25th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Graphic Packaging has an average rating of “Buy” and a consensus target price of $17.10.

Shares of Graphic Packaging (GPK) opened at $14.73 on Friday. The company has a market cap of $4,497.07, a price-to-earnings ratio of 15.19, a price-to-earnings-growth ratio of 3.11 and a beta of 1.15. Graphic Packaging has a 1 year low of $12.46 and a 1 year high of $16.74. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.74 and a current ratio of 1.37.

Institutional investors have recently added to or reduced their stakes in the stock. California Public Employees Retirement System boosted its position in shares of Graphic Packaging by 3.3% in the 3rd quarter. California Public Employees Retirement System now owns 690,502 shares of the industrial products company’s stock worth $9,633,000 after buying an additional 22,202 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of Graphic Packaging by 2.3% in the 3rd quarter. Wells Fargo & Company MN now owns 1,033,938 shares of the industrial products company’s stock worth $14,424,000 after buying an additional 23,533 shares in the last quarter. Vident Investment Advisory LLC purchased a new stake in shares of Graphic Packaging in the 3rd quarter worth about $2,951,000. Sei Investments Co. boosted its position in shares of Graphic Packaging by 24.7% in the 3rd quarter. Sei Investments Co. now owns 880,593 shares of the industrial products company’s stock worth $12,284,000 after buying an additional 174,462 shares in the last quarter. Finally, Cornerstone Capital Management Holdings LLC. purchased a new stake in shares of Graphic Packaging in the 3rd quarter worth about $3,806,000. Institutional investors and hedge funds own 96.44% of the company’s stock.

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About Graphic Packaging

Graphic Packaging Holding Company is a provider of paper-based packaging solutions for a range of products to food, beverage and other consumer product companies. The Company’s segments include Paperboard Mills, Americas Paperboard Packaging, Europe Paperboard Packaging, and Corporate and Other. The Paperboard Mills segment includes the Company’s North American paperboard mills, which produce primarily coated unbleached kraft and coated recycled board.

Earnings History and Estimates for Graphic Packaging (NYSE:GPK)

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