Greif Bros. (GEF) Releases Earnings Results, Beats Expectations By $0.09 EPS

Greif Bros. (NYSE:GEF) posted its quarterly earnings data on Wednesday. The industrial products company reported $0.98 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.09, Bloomberg Earnings reports. The business had revenue of $968.00 million during the quarter, compared to the consensus estimate of $931.96 million. Greif Bros. had a return on equity of 15.49% and a net margin of 2.65%. Greif Bros.’s quarterly revenue was up 11.6% on a year-over-year basis. During the same period last year, the company earned $0.65 earnings per share. Greif Bros. updated its FY18 guidance to $3.25-3.55 EPS.

Shares of Greif Bros. (NYSE:GEF) traded up $0.05 during midday trading on Thursday, reaching $54.83. The company’s stock had a trading volume of 246,000 shares, compared to its average volume of 211,135. The firm has a market cap of $2,620.78, a PE ratio of 20.91, a PEG ratio of 1.84 and a beta of 1.29. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.56 and a quick ratio of 1.10. Greif Bros. has a 52-week low of $50.70 and a 52-week high of $63.04.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 1st. Shareholders of record on Monday, December 18th will be issued a $0.42 dividend. The ex-dividend date of this dividend is Friday, December 15th. This represents a $1.68 annualized dividend and a yield of 3.06%. Greif Bros.’s dividend payout ratio is presently 105.66%.

A number of research analysts recently issued reports on GEF shares. BMO Capital Markets reiterated a “hold” rating and set a $55.00 price objective on shares of Greif Bros. in a report on Thursday, August 17th. Bank of America cut Greif Bros. from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $60.45 to $63.00 in a report on Friday, September 1st. Robert W. Baird reissued a “buy” rating and set a $66.00 price target on shares of Greif Bros. in a report on Friday, September 1st. KeyCorp reissued a “sell” rating on shares of Greif Bros. in a report on Friday, November 10th. Finally, Zacks Investment Research cut Greif Bros. from a “hold” rating to a “sell” rating in a report on Thursday, November 30th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $57.00.

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Greif Bros. Company Profile

Greif, Inc is a producer of industrial packaging products and services. The Company’s segments are Rigid Industrial Packaging & Services; Paper Packaging & Services; Flexible Products & Services, and Land Management. The Rigid Industrial Packaging & Services segment is engaged in the production and sale of rigid industrial packaging products, and services, such as container life cycle management, filling, logistics, warehousing and other packaging services.

Earnings History for Greif Bros. (NYSE:GEF)

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