Greif Bros. Corporation (GEF) Scheduled to Post Earnings on Wednesday
Greif Bros. Corporation (NYSE:GEF) is scheduled to be releasing its earnings data after the market closes on Wednesday, August 30th. Analysts expect Greif Bros. Corporation to post earnings of $0.84 per share for the quarter. Greif Bros. Corporation has set its FY17 guidance at $2.84-3.02 EPS.
Greif Bros. Corporation (NYSE:GEF) last issued its earnings results on Wednesday, June 7th. The industrial products company reported $0.67 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.74 by $0.07. The firm had revenue of $887.40 million for the quarter, compared to the consensus estimate of $891.22 million. Greif Bros. Corporation had a net margin of 2.81% and a return on equity of 16.17%. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period last year, the firm earned $0.47 earnings per share. On average, analysts expect Greif Bros. Corporation to post $2.89 EPS for the current fiscal year and $3.28 EPS for the next fiscal year.
Shares of Greif Bros. Corporation (NYSE GEF) opened at 57.56 on Monday. The company has a market capitalization of $2.75 billion, a price-to-earnings ratio of 28.67 and a beta of 1.37. The firm’s 50-day moving average price is $56.50 and its 200-day moving average price is $56.43. Greif Bros. Corporation has a 12 month low of $41.79 and a 12 month high of $63.04.
A number of brokerages recently weighed in on GEF. KeyCorp reaffirmed a “sell” rating and set a $47.00 price target on shares of Greif Bros. Corporation in a research report on Thursday, June 8th. Zacks Investment Research cut shares of Greif Bros. Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, May 2nd. BMO Capital Markets reaffirmed a “hold” rating and set a $55.00 price target on shares of Greif Bros. Corporation in a research report on Sunday, July 16th. BidaskClub raised shares of Greif Bros. Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. Finally, ValuEngine raised shares of Greif Bros. Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 9th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $56.50.
In other news, major shareholder Shannon J. Diener acquired 5,189 shares of the business’s stock in a transaction on Thursday, July 6th. The shares were purchased at an average price of $62.37 per share, for a total transaction of $323,637.93. Following the acquisition, the insider now directly owns 10,189 shares of the company’s stock, valued at approximately $635,487.93. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 16.79% of the company’s stock.
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Greif Bros. Corporation 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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