Wall Street analysts expect Greif, Inc. (NYSE:GEF) to report $864.40 million in sales for the current quarter, according to Zacks. Four analysts have issued estimates for Greif’s earnings. The highest sales estimate is $901.50 million and the lowest is $838.98 million. Greif reported sales of $820.90 million in the same quarter last year, which indicates a positive year over year growth rate of 5.3%. The business is scheduled to issue its next quarterly earnings report after the market closes on Wednesday, February 28th.
According to Zacks, analysts expect that Greif will report full year sales of $864.40 million for the current fiscal year, with estimates ranging from $3.77 billion to $3.85 billion. For the next fiscal year, analysts forecast that the firm will report sales of $3.89 billion per share, with estimates ranging from $3.85 billion to $3.92 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Greif.
Greif (NYSE:GEF) last released its quarterly earnings data on Wednesday, December 6th. The industrial products company reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.09. The firm had revenue of $968.00 million during the quarter, compared to the consensus estimate of $931.96 million. Greif had a net margin of 3.26% and a return on equity of 17.06%. The firm’s revenue was up 11.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.65 earnings per share.
GEF has been the subject of a number of research reports. DA Davidson raised shares of Greif from a “neutral” rating to a “buy” rating and set a $74.00 price objective for the company in a report on Thursday, December 7th. Bank of America raised shares of Greif from a “neutral” rating to a “buy” rating and set a $70.00 price objective for the company in a report on Tuesday, January 2nd. They noted that the move was a valuation call. BMO Capital Markets reiterated a “hold” rating and issued a $57.00 target price on shares of Greif in a research note on Wednesday, December 13th. Zacks Investment Research cut Greif from a “hold” rating to a “sell” rating in a research note on Thursday, November 30th. Finally, KeyCorp reiterated a “sell” rating on shares of Greif in a research note on Friday, November 10th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $64.00.
Hedge funds have recently bought and sold shares of the business. Public Employees Retirement System of Ohio lifted its stake in Greif by 477.2% in the third quarter. Public Employees Retirement System of Ohio now owns 25,450 shares of the industrial products company’s stock valued at $1,490,000 after buying an additional 21,041 shares during the last quarter. Parametrica Management Ltd lifted its stake in Greif by 69.3% in the fourth quarter. Parametrica Management Ltd now owns 19,970 shares of the industrial products company’s stock valued at $1,210,000 after buying an additional 8,177 shares during the last quarter. GSA Capital Partners LLP lifted its stake in Greif by 150.9% in the third quarter. GSA Capital Partners LLP now owns 86,007 shares of the industrial products company’s stock valued at $5,035,000 after buying an additional 51,726 shares during the last quarter. Quantbot Technologies LP raised its stake in shares of Greif by 3,048.2% during the third quarter. Quantbot Technologies LP now owns 4,376 shares of the industrial products company’s stock valued at $256,000 after purchasing an additional 4,237 shares in the last quarter. Finally, Algert Global LLC bought a new stake in shares of Greif during the fourth quarter valued at about $3,235,000. Institutional investors own 48.56% of the company’s stock.
Greif (NYSE GEF) traded up $0.46 during trading on Tuesday, reaching $57.05. 157,572 shares of the company’s stock were exchanged, compared to its average volume of 166,036. The firm has a market capitalization of $2,840.00, a P/E ratio of 22.92, a PEG ratio of 1.88 and a beta of 1.21. The company has a current ratio of 1.45, a quick ratio of 1.04 and a debt-to-equity ratio of 0.90. Greif has a 1 year low of $50.94 and a 1 year high of $65.60.
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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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