Greif (NYSE:GEF) issued its earnings results on Wednesday, June 5th. The industrial products company reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.02, Briefing.com reports. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.24 billion. Greif had a net margin of 3.68% and a return on equity of 19.11%. The company’s revenue for the quarter was up 25.3% on a year-over-year basis. During the same quarter last year, the firm 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.
Shares of NYSE:GEF traded up $0.35 during midday trading on Friday, hitting $32.55. The stock had a trading volume of 520,549 shares, compared to its average volume of 251,099. 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 50-day moving average of $35.48. Greif has a 12 month low of $30.12 and a 12 month high of $59.00. The firm has a market capitalization of $1.50 billion, a P/E ratio of 9.22, a P/E/G ratio of 0.94 and a beta of 1.50.
The company also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Tuesday, June 18th will be paid a $0.44 dividend. The ex-dividend date is Monday, June 17th. This represents a $1.76 annualized dividend and a dividend yield of 5.41%. 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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