Graphic Packaging Holding Co GPK.N reported quarterly adjusted earnings of 42 cents per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 60 cents. The mean expectation of eleven analysts for the quarter was for earnings of 40 cents per share. Wall Street expected results to range from 35 cents to 44 cents per share.
Revenue fell 1.5% to $2.20 billion from a year ago; analysts expected $2.16 billion.
Graphic Packaging Holding Co's reported EPS for the quarter was 34 cents.
The company reported quarterly net income of $104 million.
Graphic Packaging Holding Co shares had risen by 9.8% this quarter and lost 14.8% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 32.6% in the last three months.
In the last 30 days, eight analysts negatively revised earnings estimates
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy," 7 "hold" and no "sell" or "strong sell." The average consensus recommendation for the paper packaging peer group is also "buy"
Wall Street's median 12-month price target for Graphic Packaging Holding Co is $25.00, about 7.5% above its last closing price of $23.13
This summary was machine generated from LSEG data July 29 at 01:31 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)