Greif (NYSE:GEF) released its quarterly earnings results on Wednesday, June 5th. The industrial products company reported $0.81 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.02, Briefing.com reports. The firm had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.24 billion. Greif had a return on equity of 19.11% and a net margin of 3.68%. Greif’s quarterly revenue was up 25.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.76 EPS. Greif updated its FY 2019 guidance to $3.70-4.00 EPS and its FY19 guidance to $3.70-4.00 EPS.
NYSE GEF traded up $0.35 during trading hours on Friday, hitting $32.55. The company had a trading volume of 520,549 shares, compared to its average volume of 251,099. Greif has a fifty-two week low of $30.12 and a fifty-two week high of $59.00. The company has a current ratio of 1.67, a quick ratio of 1.15 and a debt-to-equity ratio of 2.51. The business has a fifty day moving average of $35.36. The company has a market cap of $1.50 billion, a price-to-earnings ratio of 9.22, a P/E/G ratio of 0.94 and a beta of 1.50.
The business also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Tuesday, June 18th will be given a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 5.41%. The ex-dividend date is Monday, June 17th. Greif’s dividend payout ratio is presently 49.86%.
Greif Company Profile
Greif, Inc produces and sells industrial packaging products and services worldwide. It operates through four segments: Rigid Industrial Packaging & Services; Paper Packaging & Services; Flexible Products & Services; and Land Management. The Rigid Industrial Packaging & Services segment offers rigid industrial packaging products, including steel, fiber, and plastic drums; rigid intermediate bulk containers; closure systems for industrial packaging products; transit protection products; water bottles, and remanufactured and reconditioned industrial containers; and services, such as container life cycle management, filling, logistics, warehousing, and other packaging services.
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