Analysts Offer Predictions for Greif, Inc.’s FY2024 Earnings (NYSE:GEF)

Greif, Inc. (NYSE:GEF) – Investment analysts at Zacks Research raised their FY2024 earnings per share (EPS) estimates for Greif in a research note issued to investors on Friday, April 5th. Zacks Research analyst M. Das now forecasts that the industrial products company will post earnings of $3.59 per share for the year, up from their previous forecast of $3.55. The consensus estimate for Greif’s current full-year earnings is $3.88 per share. Zacks Research also issued estimates for Greif’s Q3 2025 earnings at $1.40 EPS and Q1 2026 earnings at $1.17 EPS.

Greif (NYSE:GEF) last announced its earnings results on Wednesday, February 28th. The industrial products company reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $1.07. Greif had a return on equity of 18.65% and a net margin of 6.53%. The business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same quarter in the previous year, the business earned $1.06 earnings per share. The company’s revenue for the quarter was down 5.1% compared to the same quarter last year.

A number of other analysts have also issued reports on the company. Wells Fargo & Company upgraded Greif from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $64.00 to $75.00 in a report on Thursday, January 11th. StockNews.com upgraded Greif from a “hold” rating to a “buy” rating in a report on Monday, January 1st.

Greif Stock Up 0.8 %

Shares of NYSE GEF opened at $66.00 on Monday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.16 and a current ratio of 1.57. The firm has a market capitalization of $3.11 billion, a price-to-earnings ratio of 11.42, a PEG ratio of 1.69 and a beta of 0.87. The stock has a 50 day moving average price of $64.14 and a 200 day moving average price of $65.06. Greif has a 52-week low of $59.37 and a 52-week high of $76.00.

Greif Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 18th were given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date was Friday, March 15th. Greif’s payout ratio is presently 35.99%.

Insider Transactions at Greif

In other news, Treasurer Anthony John Krabill bought 745 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The shares were purchased at an average cost of $63.12 per share, with a total value of $47,024.40. Following the transaction, the treasurer now directly owns 1,651 shares in the company, valued at $104,211.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Greif news, SVP Timothy Bergwall sold 2,000 shares of the company’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $63.05, for a total value of $126,100.00. Following the sale, the senior vice president now directly owns 62,392 shares of the company’s stock, valued at $3,933,815.60. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Treasurer Anthony John Krabill purchased 745 shares of the stock in a transaction on Tuesday, March 5th. The stock was acquired at an average cost of $63.12 per share, for a total transaction of $47,024.40. Following the completion of the acquisition, the treasurer now owns 1,651 shares of the company’s stock, valued at approximately $104,211.12. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 42,934 shares of company stock valued at $2,864,352 and have sold 6,000 shares valued at $384,620. Insiders own 3.07% of the company’s stock.

Institutional Investors Weigh In On Greif

Several hedge funds have recently modified their holdings of GEF. First Manhattan CO. LLC. purchased a new stake in shares of Greif during the 1st quarter worth about $38,000. TFO Wealth Partners LLC lifted its stake in Greif by 162,700.0% in the 4th quarter. TFO Wealth Partners LLC now owns 1,628 shares of the industrial products company’s stock valued at $107,000 after buying an additional 1,627 shares in the last quarter. Point72 Hong Kong Ltd lifted its stake in Greif by 326.6% in the 1st quarter. Point72 Hong Kong Ltd now owns 1,813 shares of the industrial products company’s stock valued at $118,000 after buying an additional 1,388 shares in the last quarter. Advisory Services Network LLC purchased a new position in Greif in the 4th quarter valued at about $125,000. Finally, Bfsg LLC purchased a new position in Greif in the 4th quarter valued at about $176,000. 45.74% of the stock is owned by hedge funds and other institutional investors.

Greif Company Profile

Greif, Inc engages in the production and sale of industrial packaging products and services worldwide. The company operates through Global Industrial Packaging; Paper Packaging & Services; and Land Management segments. The Global Industrial Packaging segment produces and sells industrial packaging products, including steel, fiber, and plastic drums; rigid and flexible intermediate bulk containers; closure systems for industrial packaging products; transit protection products; water bottles, and remanufactured and reconditioned industrial containers; and various services, such as container life cycle management, filling, logistics, warehousing, and other packaging services to chemicals, paints and pigments, food and beverage, petroleum, industrial coatings, agriculture, pharmaceuticals, mineral product, and other industries.