Greif Bros. (NYSE:GEF.B) Posts Quarterly Earnings Results

Greif Bros. (NYSE:GEF.B) released its earnings results on Tuesday. The industrial products company reported $1.28 EPS for the quarter, Zacks reports. Greif Bros. had a return on equity of 13.66% and a net margin of 7.53%.

Greif Bros. Stock Down 1.3%

Shares of NYSE:GEF.B traded down $1.53 during midday trading on Tuesday, reaching $112.85. The company had a trading volume of 71,264 shares, compared to its average volume of 59,318. The stock has a market capitalization of $5.21 billion, a P/E ratio of 31.70 and a beta of 0.62. The stock’s fifty day moving average price is $109.15 and its 200-day moving average price is $93.96. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.29 and a quick ratio of 0.99. Greif Bros. has a one year low of $58.36 and a one year high of $117.33.

About Greif Bros.

Greif, Inc, formerly known as Greif Bros. Corporation, is a global producer of industrial and paper-based packaging. Founded in 1877 as a cooperage business, the company has expanded from manufacturing wooden barrels into a diversified packaging organization serving customers in a range of industries.

Greif’s products include steel, fiber and plastic drums; intermediate bulk containers; containerboard and corrugated products; paper sacks; and other specialty and protective packaging. The company also provides packaging-related services, including container reconditioning, recycling and logistics support.