Greif, Inc. (NYSE:GEF) – Equities research analysts at KeyCorp lowered their Q1 2018 earnings estimates for shares of Greif in a research report issued to clients and investors on Tuesday. KeyCorp analyst A. Josephson now anticipates that the industrial products company will post earnings of $0.64 per share for the quarter, down from their prior forecast of $0.71. KeyCorp has a “Sell” rating and a $47.00 price target on the stock. KeyCorp also issued estimates for Greif’s Q2 2018 earnings at $0.93 EPS, Q3 2018 earnings at $1.05 EPS, Q4 2018 earnings at $0.77 EPS, FY2018 earnings at $3.39 EPS and FY2019 earnings at $3.41 EPS.
Greif (NYSE:GEF) last released its quarterly earnings results on Wednesday, December 6th. The industrial products company reported $0.98 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.09. Greif had a net margin of 3.26% and a return on equity of 17.06%. The company had revenue of $968.00 million for the quarter, compared to analysts’ expectations of $931.96 million. During the same period last year, the company earned $0.65 EPS. The firm’s revenue for the quarter was up 11.6% compared to the same quarter last year.
GEF has been the topic of several other reports. Zacks Investment Research cut shares of Greif from a “hold” rating to a “sell” rating in a research note on Thursday, November 30th. BMO Capital Markets reissued a “hold” rating and issued a $55.00 target price on shares of Greif in a research report on Friday, November 24th. Bank of America raised shares of Greif from a “neutral” rating to a “buy” rating and set a $70.00 target price on the stock in a research report on Tuesday, January 2nd. They noted that the move was a valuation call. Robert W. Baird reissued an “outperform” rating and issued a $72.00 target price (up from $66.00) on shares of Greif in a research report on Friday, December 8th. Finally, DA Davidson raised shares of Greif from a “neutral” rating to a “buy” rating and set a $74.00 target price on the stock in a research report on Thursday, December 7th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $64.00.
Shares of Greif (NYSE GEF) opened at $58.75 on Thursday. Greif has a 12 month low of $50.94 and a 12 month high of $65.60. The stock has a market cap of $2,710.73, a PE ratio of 29.08, a price-to-earnings-growth ratio of 1.92 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.
A number of hedge funds have recently made changes to their positions in the business. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp lifted its position in Greif by 126.4% during the fourth quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 40,300 shares of the industrial products company’s stock valued at $2,441,000 after buying an additional 22,500 shares in the last quarter. Gotham Asset Management LLC purchased a new stake in shares of Greif during the fourth quarter valued at approximately $3,899,000. Jane Street Group LLC purchased a new stake in shares of Greif during the fourth quarter valued at approximately $354,000. Paloma Partners Management Co raised its stake in shares of Greif by 341.8% during the fourth quarter. Paloma Partners Management Co now owns 28,902 shares of the industrial products company’s stock valued at $1,751,000 after purchasing an additional 22,360 shares during the period. Finally, HBK Investments L P raised its stake in shares of Greif by 133.9% during the fourth quarter. HBK Investments L P now owns 83,500 shares of the industrial products company’s stock valued at $5,058,000 after purchasing an additional 47,800 shares during the period. 47.39% of the stock is currently owned by hedge funds and other institutional investors.
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Greif Company Profile
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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