Seaport Res Ptn Has Pessimistic View of GPK FY2024 Earnings

Graphic Packaging Holding (NYSE:GPK) – Analysts at Seaport Res Ptn dropped their FY2024 earnings per share estimates for Graphic Packaging in a report released on Tuesday, October 29th. Seaport Res Ptn analyst M. Weintraub now anticipates that the industrial products company will post earnings per share of $2.53 for the year, down from their prior estimate of $2.68. The consensus estimate for Graphic Packaging’s current full-year earnings is $2.65 per share. Seaport Res Ptn also issued estimates for Graphic Packaging’s Q4 2024 earnings at $0.63 EPS, Q1 2025 earnings at $0.62 EPS, Q2 2025 earnings at $0.67 EPS, Q3 2025 earnings at $0.72 EPS, Q4 2025 earnings at $0.65 EPS and FY2025 earnings at $2.65 EPS.

Graphic Packaging (NYSE:GPK) last posted its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.04). Graphic Packaging had a net margin of 7.93% and a return on equity of 30.74%. The business had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.27 billion. During the same period in the prior year, the firm earned $0.74 EPS. The business’s revenue for the quarter was down 5.7% on a year-over-year basis.

Several other brokerages have also recently weighed in on GPK. Citigroup dropped their price objective on Graphic Packaging from $31.00 to $30.00 and set a “buy” rating for the company in a report on Monday, July 8th. Robert W. Baird upped their price objective on shares of Graphic Packaging from $30.00 to $36.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Royal Bank of Canada reduced their price objective on shares of Graphic Packaging from $35.00 to $34.00 and set an “outperform” rating on the stock in a research note on Thursday, October 17th. Stifel Nicolaus initiated coverage on shares of Graphic Packaging in a research report on Tuesday, July 9th. They issued a “buy” rating and a $35.20 target price for the company. Finally, Truist Financial lowered shares of Graphic Packaging from a “buy” rating to a “hold” rating and reduced their price target for the stock from $32.00 to $30.00 in a research report on Wednesday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $31.53.

Graphic Packaging Stock Performance

Shares of GPK stock opened at $28.26 on Thursday. The stock has a market cap of $8.68 billion, a P/E ratio of 12.72, a price-to-earnings-growth ratio of 10.94 and a beta of 0.83. Graphic Packaging has a 1 year low of $21.08 and a 1 year high of $30.70. The company has a current ratio of 1.45, a quick ratio of 0.58 and a debt-to-equity ratio of 1.75. The stock has a 50 day simple moving average of $29.41 and a 200 day simple moving average of $28.18.

Hedge Funds Weigh In On Graphic Packaging

Several large investors have recently modified their holdings of the business. Keynote Financial Services LLC acquired a new stake in Graphic Packaging in the third quarter valued at $211,000. Advisor Resource Council bought a new stake in shares of Graphic Packaging in the 3rd quarter valued at about $328,000. Concurrent Investment Advisors LLC acquired a new stake in shares of Graphic Packaging in the third quarter valued at about $289,000. QRG Capital Management Inc. raised its position in shares of Graphic Packaging by 14.5% during the third quarter. QRG Capital Management Inc. now owns 35,331 shares of the industrial products company’s stock worth $1,045,000 after acquiring an additional 4,466 shares during the last quarter. Finally, Harbor Capital Advisors Inc. lifted its stake in shares of Graphic Packaging by 74.6% in the third quarter. Harbor Capital Advisors Inc. now owns 500,312 shares of the industrial products company’s stock worth $14,804,000 after acquiring an additional 213,686 shares during the period. Institutional investors own 99.67% of the company’s stock.

Insider Activity

In related news, CEO Michael P. Doss sold 49,183 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $27.91, for a total transaction of $1,372,697.53. Following the completion of the transaction, the chief executive officer now directly owns 1,909,576 shares in the company, valued at $53,296,266.16. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Michael P. Doss sold 86,374 shares of the company’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $28.05, for a total value of $2,422,790.70. Following the completion of the transaction, the chief executive officer now owns 2,123,202 shares of the company’s stock, valued at $59,555,816.10. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Michael P. Doss sold 49,183 shares of Graphic Packaging stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $27.91, for a total transaction of $1,372,697.53. Following the sale, the chief executive officer now owns 1,909,576 shares in the company, valued at approximately $53,296,266.16. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by corporate insiders.

Graphic Packaging Company Profile

Graphic Packaging Holding Company, together with its subsidiaries, designs, produces, and sells consumer packaging products to brands in food, beverage, foodservice, household, and other consumer products. It operates through three segments: Paperboard Manufacturing, Americas Paperboard Packaging, and Europe Paperboard Packaging.