Greif Bros. Corporation (NYSE:GEF) producer of industrial packaging products, is reporting third quarter earnings results on Wednesday 26th August 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.85 per share.
For the full year, analysts predict revenues of $ 4567.30 million, while looking forward to income of $ 3.38 per share.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 3.55 ~ $ 3.91 per share
Click Here For More Historical Outlooks Of Greif Bros. Corporation
Previous Quarter Performance
Greif Bros. Corporation recorded income for the second quarter of $ 0.95 per share, from the revenue of $ 1,158.00 million. The quarterly earnings raised 17.28 percent compared with the same quarter last year. Street analysts expected Greif Bros. Corporation to report income of $ 0.80 per share on revenue of $ 1157.76 million for the second quarter. The bottom line results beat street analysts by $ 0.15 or 18.75 percent, at the same time, top line results outshined analysts by $ 0.24 million or 0.02 percent.
Stock Performance
Shares of Greif Bros. Corporation traded low $ -0.66 or -1.66 percent on Tuesday, reaching $ 38.75 with volume of 53.60 thousand shares. The stock opened positive for the day at $ 39.85, after closing the previous day trading at $ 39.40.
According to the previous trading day, closing price of $ 39.40, representing a 66.60 % increase from the 52 week low of $ 23.65 and a 21.78 % decrease over the 52 week high of $ 50.37.
The company has a market capital of $ 2.00 billion and is part of the Consumer Cyclical sector and Packaging & Containers industry.
Recent Stock Dividend Announcement
On June 2, 2020, the board of directors authorized quarterly dividend of $ 0.44 per share to holders of record as of the close of business on June 18, 2020, with payment date of July 1, 2020 and ex-dividend date on June 17, 2020.
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.
