Research Analysts Set Expectations for Greif, Inc.’s FY2024 Earnings (NYSE:GEF)

Greif, Inc. (NYSE:GEF) – Research analysts at Zacks Research lowered their FY2024 earnings per share (EPS) estimates for shares of Greif in a note issued to investors on Wednesday, September 18th. Zacks Research analyst M. Das now expects that the industrial products company will earn $4.15 per share for the year, down from their previous forecast of $4.23. The consensus estimate for Greif’s current full-year earnings is $4.22 per share. Zacks Research also issued estimates for Greif’s Q2 2025 earnings at $1.24 EPS, Q3 2025 earnings at $1.43 EPS, FY2025 earnings at $4.81 EPS, Q2 2026 earnings at $1.32 EPS and FY2026 earnings at $5.26 EPS.

Greif (NYSE:GEF) last posted its quarterly earnings data on Wednesday, August 28th. The industrial products company reported $1.03 earnings per share for the quarter, missing the consensus estimate of $1.17 by ($0.14). Greif had a net margin of 4.99% and a return on equity of 13.28%. The business had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.43 billion.

GEF has been the topic of a number of other reports. Raymond James started coverage on Greif in a research report on Friday, July 19th. They set a “market perform” rating on the stock. Bank of America lowered their price objective on Greif from $77.00 to $73.00 and set a “buy” rating on the stock in a research report on Friday, August 30th. Truist Financial reaffirmed a “hold” rating and issued a $67.00 target price (down from $69.00) on shares of Greif in a research report on Friday, August 30th. StockNews.com lowered shares of Greif from a “buy” rating to a “hold” rating in a report on Wednesday, July 10th. Finally, Wells Fargo & Company reduced their price objective on shares of Greif from $80.00 to $76.00 and set an “overweight” rating for the company in a report on Monday, August 26th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Greif currently has a consensus rating of “Moderate Buy” and an average price target of $76.00.

Greif Stock Performance

NYSE GEF opened at $62.47 on Monday. The company’s fifty day moving average is $62.00 and its two-hundred day moving average is $62.58. Greif has a 52-week low of $55.95 and a 52-week high of $71.36. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.70 and a quick ratio of 1.28. The firm has a market capitalization of $2.94 billion, a price-to-earnings ratio of 13.43 and a beta of 0.91.

Institutional Trading of Greif

Several large investors have recently added to or reduced their stakes in GEF. Quarry LP boosted its holdings in shares of Greif by 71.9% in the 2nd quarter. Quarry LP now owns 545 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 228 shares in the last quarter. Innealta Capital LLC acquired a new position in Greif in the second quarter worth $64,000. DekaBank Deutsche Girozentrale grew its holdings in shares of Greif by 80.5% during the second quarter. DekaBank Deutsche Girozentrale now owns 1,258 shares of the industrial products company’s stock worth $73,000 after purchasing an additional 561 shares during the last quarter. nVerses Capital LLC acquired a new stake in shares of Greif in the second quarter valued at $80,000. Finally, TFO Wealth Partners LLC raised its holdings in shares of Greif by 162,700.0% in the fourth 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 during the last quarter. 45.74% of the stock is owned by institutional investors.

Greif Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Monday, September 16th will be paid a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 3.46%. The ex-dividend date is Monday, September 16th. This is an increase from Greif’s previous quarterly dividend of $0.52. Greif’s payout ratio is currently 46.45%.

About Greif

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.