Seaport Res Ptn Has Negative Outlook for GPK FY2024 Earnings

Graphic Packaging Holding (NYSE:GPK) – Equities research analysts at Seaport Res Ptn cut their FY2024 EPS estimates for Graphic Packaging in a note issued to investors on Tuesday, October 29th. Seaport Res Ptn analyst M. Weintraub now expects that the industrial products company will post earnings of $2.53 per share for the year, down from their prior estimate of $2.68. The consensus estimate for Graphic Packaging’s current full-year earnings is $2.52 per share. Seaport Res Ptn also issued estimates for Graphic Packaging’s Q4 2024 earnings at $0.63 EPS, Q1 2025 earnings at $0.62 EPS, Q2 2025 earnings at $0.67 EPS, Q3 2025 earnings at $0.72 EPS, Q4 2025 earnings at $0.65 EPS and FY2025 earnings at $2.65 EPS.

Other research analysts have also recently issued reports about the stock. Citigroup reduced their target price on shares of Graphic Packaging from $31.00 to $30.00 and set a “buy” rating on the stock in a research report on Monday, July 8th. Stifel Nicolaus assumed coverage on shares of Graphic Packaging in a research report on Tuesday, July 9th. They set a “buy” rating and a $35.20 target price on the stock. Truist Financial cut shares of Graphic Packaging from a “buy” rating to a “hold” rating and cut their price target for the company from $32.00 to $30.00 in a report on Wednesday. Wells Fargo & Company upped their price target on shares of Graphic Packaging from $21.00 to $24.00 and gave the company an “underweight” rating in a report on Wednesday, July 31st. Finally, Robert W. Baird upped their price target on shares of Graphic Packaging from $30.00 to $36.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $31.53.

Graphic Packaging Trading Up 0.1 %

Shares of GPK stock opened at $28.28 on Thursday. The stock has a market cap of $8.49 billion, a price-to-earnings ratio of 12.03, a price-to-earnings-growth ratio of 10.99 and a beta of 0.83. The company has a quick ratio of 0.58, a current ratio of 1.73 and a debt-to-equity ratio of 1.78. Graphic Packaging has a fifty-two week low of $21.25 and a fifty-two week high of $30.70. The firm’s 50 day moving average price is $29.39 and its two-hundred day moving average price is $28.19.

Graphic Packaging (NYSE:GPK) last announced its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $0.64 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.04). The business had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.27 billion. Graphic Packaging had a net margin of 7.99% and a return on equity of 28.26%. The company’s quarterly revenue was down 5.7% on a year-over-year basis. During the same period last year, the firm earned $0.74 earnings per share.

Insider Buying and Selling at Graphic Packaging

In other news, CEO Michael P. Doss sold 86,374 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $28.05, for a total transaction of $2,422,790.70. Following the completion of the transaction, the chief executive officer now owns 2,123,202 shares in the company, valued at approximately $59,555,816.10. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other Graphic Packaging news, CEO Michael P. Doss sold 86,374 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $28.05, for a total value of $2,422,790.70. Following the completion of the transaction, the chief executive officer now directly owns 2,123,202 shares in the company, valued at $59,555,816.10. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Michael P. Doss sold 49,183 shares of the firm’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $27.91, for a total transaction of $1,372,697.53. Following the completion of the transaction, the chief executive officer now owns 1,909,576 shares of the company’s stock, valued at approximately $53,296,266.16. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Graphic Packaging

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. UMB Bank n.a. raised its position in shares of Graphic Packaging by 546.6% in the third quarter. UMB Bank n.a. now owns 944 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 798 shares during the period. LRI Investments LLC bought a new position in shares of Graphic Packaging in the first quarter valued at approximately $38,000. GAMMA Investing LLC raised its position in shares of Graphic Packaging by 46.3% in the second quarter. GAMMA Investing LLC now owns 2,744 shares of the industrial products company’s stock valued at $72,000 after purchasing an additional 868 shares during the period. Atlas Capital Advisors LLC bought a new position in shares of Graphic Packaging in the second quarter valued at approximately $88,000. Finally, LGT Group Foundation bought a new position in shares of Graphic Packaging in the first quarter valued at approximately $134,000. Institutional investors own 99.67% of the company’s stock.

Graphic Packaging Company Profile

Graphic Packaging Holding Company, together with its subsidiaries, designs, produces, and sells consumer packaging products to brands in food, beverage, foodservice, household, and other consumer products. It operates through three segments: Paperboard Manufacturing, Americas Paperboard Packaging, and Europe Paperboard Packaging.