Greif (GEF) Scheduled to Post Quarterly Earnings on Wednesday

Greif (NYSE:GEF) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, December 4th. Analysts expect the company to announce earnings of $1.08 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Greif (NYSE:GEF) last posted its quarterly earnings data on Wednesday, August 28th. The industrial products company reported $1.03 EPS for the quarter, missing the consensus estimate of $1.17 by ($0.14). The company had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.43 billion. Greif had a return on equity of 13.28% and a net margin of 4.99%. On average, analysts expect Greif to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Greif Trading Down 0.5 %

NYSE:GEF opened at $71.80 on Wednesday. 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 $3.39 billion, a price-to-earnings ratio of 15.61 and a beta of 0.91. Greif has a one year low of $55.95 and a one year high of $73.16. The business has a fifty day moving average price of $64.39 and a 200-day moving average price of $62.66.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Bank of America cut their price target on Greif from $77.00 to $73.00 and set a “buy” rating for the company in a research note on Friday, August 30th. Stifel Nicolaus reiterated a “buy” rating and issued a $88.00 price target on shares of Greif in a research note on Monday, August 26th. Truist Financial reiterated a “hold” rating and issued a $67.00 price target (down previously from $69.00) on shares of Greif in a research note on Friday, August 30th. Sidoti initiated coverage on Greif in a research note on Wednesday, November 20th. They issued a “buy” rating and a $93.00 price target for the company. Finally, Wells Fargo & Company dropped 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 research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Greif has an average rating of “Moderate Buy” and a consensus price target of $79.40.

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.