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.

Earnings History for Greif Bros. Corporation (NYSE:GEF)

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