Graphic Packaging (NYSE:GPK) released its quarterly earnings results on Tuesday. The industrial products company reported $0.17 EPS for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.02), Bloomberg Earnings reports. Graphic Packaging had a return on equity of 17.27% and a net margin of 3.70%. The company had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same period in the prior year, the firm earned $0.14 EPS. Graphic Packaging’s quarterly revenue was up 5.0% on a year-over-year basis.

Shares of Graphic Packaging (NYSE GPK) opened at $15.46 on Tuesday. The firm has a market cap of $4,955.42, a P/E ratio of 26.23, a PEG ratio of 3.08 and a beta of 1.15. The company has a quick ratio of 0.74, a current ratio of 1.50 and a debt-to-equity ratio of 1.96. Graphic Packaging has a 1-year low of $12.46 and a 1-year high of $16.74.

Several institutional investors and hedge funds have recently made changes to their positions in the company. The Manufacturers Life Insurance Company lifted its holdings in shares of Graphic Packaging by 6.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,512 shares of the industrial products company’s stock worth $172,000 after acquiring an additional 774 shares during the last quarter. Macquarie Group Ltd. lifted its holdings in shares of Graphic Packaging by 0.7% in the 2nd quarter. Macquarie Group Ltd. now owns 521,645 shares of the industrial products company’s stock worth $7,188,000 after acquiring an additional 3,739 shares during the last quarter. Engineers Gate Manager LP lifted its holdings in shares of Graphic Packaging by 3.7% in the 4th quarter. Engineers Gate Manager LP now owns 105,909 shares of the industrial products company’s stock worth $1,636,000 after acquiring an additional 3,774 shares during the last quarter. Guyasuta Investment Advisors Inc. lifted its holdings in shares of Graphic Packaging by 6.1% in the 3rd quarter. Guyasuta Investment Advisors Inc. now owns 76,800 shares of the industrial products company’s stock worth $1,071,000 after acquiring an additional 4,385 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its holdings in shares of Graphic Packaging by 14.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 36,767 shares of the industrial products company’s stock worth $513,000 after acquiring an additional 4,722 shares during the last quarter. Hedge funds and other institutional investors own 96.44% of the company’s stock.

A number of equities analysts have commented on the stock. Zacks Investment Research raised shares of Graphic Packaging from a “sell” rating to a “hold” rating in a research note on Monday, December 4th. Royal Bank of Canada reissued a “buy” rating and issued a $19.00 price target on shares of Graphic Packaging in a research note on Thursday, February 1st. KeyCorp reissued a “hold” rating on shares of Graphic Packaging in a research note on Tuesday, October 10th. Robert W. Baird boosted their price target on shares of Graphic Packaging from $16.00 to $18.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 25th. Finally, BMO Capital Markets reissued a “buy” rating and issued a $18.00 price target on shares of Graphic Packaging in a research note on Thursday, January 25th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Graphic Packaging presently has an average rating of “Buy” and a consensus price target of $17.23.

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About Graphic Packaging

Graphic Packaging Holding Company is a provider of paper-based packaging solutions for a range of products to food, beverage and other consumer product companies. The Company’s segments include Paperboard Mills, Americas Paperboard Packaging, Europe Paperboard Packaging, and Corporate and Other. The Paperboard Mills segment includes the Company’s North American paperboard mills, which produce primarily coated unbleached kraft and coated recycled board.

Earnings History for Graphic Packaging (NYSE:GPK)

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