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

Greif Bros. (NYSE:GEF.B) issued its quarterly earnings results on Tuesday. The industrial products company reported $1.28 earnings per share for the quarter, Zacks reports. Greif Bros. had a net margin of 7.53% and a return on equity of 13.66%. The company had revenue of $1.14 billion during the quarter.

Greif Bros. Price Performance

GEF.B stock opened at $108.44 on Wednesday. The company has a fifty day moving average price of $109.22 and a 200-day moving average price of $94.11. Greif Bros. has a 52-week low of $58.36 and a 52-week high of $117.33. The company has a market capitalization of $5.01 billion, a P/E ratio of 30.90 and a beta of 0.62. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.99 and a current ratio of 1.29.

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.