Graphic Packaging Holding Company (NYSE:GPK) is reporting third quarter financial results on Tuesday 20th October 2020, before market open.
According to analysts surveyed by Thomson Reuters, GPK is expected to report 3Q20 income of $ 0.22 per share from revenue of $ 1642.64 million.
For the full year, analysts anticipate top line of $ 6420.51 million, while looking forward to income of $ 1.06 per share bottom line.
Previous Quarter Performance
Graphic Packaging Holding Company unwinded income for the second quarter of $ 0.26 per share, from the revenue of $ 1,611.00 million. The quarterly earnings extended 8.33 percent while revenues grew 3.75 percent compared with the same quarter last year.
Street analysts expected Graphic Packaging Holding Company to report income of $ 0.19 per share on revenue of $ 1582.78 million for the second quarter. The bottom line results beat street analysts by $ 0.07 or 36.84 percent, at the same time, top line results outshined analysts by $ 28.22 million or 1.78 percent.
Stock Performance
Shares of Graphic Packaging Holding Company traded low $ -0.12 or -0.83 percent on Monday, reaching $ 14.35 with volume of 3.04 million shares. Graphic Packaging Holding Company has traded high as $ 14.60 and has cracked $ 14.30 on the downward trend
According to the previous trading day, closing price of $ 14.35, representing a 39.00 % increase from the 52 week low of $ 10.41 and a 14.63 % decrease over the 52 week high of $ 16.95.
The company has a market capital of $ 4.00 billion and is part of the Consumer Cyclical sector and Packaging & Containers industry.
Recent Analyst recommendations
- On 8th September 2020, upgraded by Seaport Global Securities to Buy from Neutral rating.
Recent Stock Dividend Announcement
On July 23, 2020, the board of directors authorized quarterly dividend of $ 0.075 per share to holders of record as of the close of business on September 15, 2020, with payment date of October 5, 2020 and ex-dividend date on September 14, 2020.
Conference Call
Graphic Packaging Holding Company will be hosting a conference call at 10:00 AM eastern time on 20th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.graphicpkg.com
Graphic Packaging Holding Company, together with its subsidiaries, provides paper-based packaging solutions to food, beverage, foodservice, and other consumer products companies. It operates through three segments: Paperboard Mills, Americas Paperboard Packaging, and Europe Paperboard Packaging. The company offers coated unbleached kraft (CUK), coated recycled paperboard (CRB), and solid bleached sulfate paperboard (SBS) to various paperboard packaging converters and brokers; and paperboard packaging folding cartons and cups, lids, and food containers primarily to consumer packaged goods, quick-service restaurants, and foodservice companies.
