Earnings results for Greif Stock Forecast, Price & News (NYSE:GEF)
Greif, Inc. is expected* to report earnings on 08/26/2020 after market close. The report will be for the fiscal Quarter ending Jul 2020. According to Zacks Investment Research, based on 4 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.86. The reported EPS for the same quarter last year was $1.26.
Greif last posted its quarterly earnings data on June 3rd, 2020. The industrial products company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.20. The firm had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.15 billion. Its quarterly revenue was down 4.5% on a year-over-year basis. Greif has generated $3.96 earnings per share over the last year and currently has a price-to-earnings ratio of 13.4. Greif has confirmed that its next quarterly earnings report will be published on Wednesday, August 26th, 2020.
Analyst Opinion on Greif Stock Forecast, Price & News (NYSE:GEF)
4 Wall Street analysts have issued ratings and price targets for Greif in the last 12 months. Their average twelve-month price target is $36.00, predicting that the stock has a possible downside of 7.38%. The high price target for GEF is $46.00 and the low price target for GEF is $26.00. There are currently 2 sell ratings, 1 hold rating and 1 buy rating for the stock, resulting in a consensus rating of “Hold.”
Greif has received a consensus rating of Hold. The company’s average rating score is 1.75, and is based on 1 buy rating, 1 hold rating, and 2 sell ratings. According to analysts’ consensus price target of $36.00, Greif has a forecasted downside of 7.4% from its current price of $38.87. Greif has only been the subject of 1 research reports in the past 90 days.
Dividend Strength: Greif Stock Forecast, Price & News (NYSE:GEF)
Greif is a leading dividend payer. It pays a dividend yield of 4.47%, putting its dividend yield in the top 25% of dividend-paying stocks. Greif has only been increasing its dividend for 1 years. The dividend payout ratio of Greif is 44.44%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Greif will have a dividend payout ratio of 48.35% next year. This indicates that Greif will be able to sustain or increase its dividend.
Insiders buying/selling: Greif Stock Forecast, Price & News (NYSE:GEF)
In the past three months, Greif insiders have not sold or bought any company stock. Only 13.57% of the stock of Greif is held by insiders. 47.94% of the stock of Greif is held by institutions. High institutional ownership can be a signal of strong market trust in this company.
Earnings and Valuation of Greif Stock Forecast, Price & News (NYSE:GEF
Earnings for Greif are expected to grow by 6.12% in the coming year, from $3.43 to $3.64 per share. The P/E ratio of Greif is 13.45, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 18.60. The P/E ratio of Greif is 13.45, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 20.63. Greif has a PEG Ratio of 1.10. PEG Ratios above 1 indicate that a company could be overvalued. Greif has a P/B Ratio of 1.57. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.
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