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Greif (NYSE:GEF - Get Rating) issued an update on its FY 2022 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $7.90-$8.10 for the period, compared to the consensus earnings per share estimate of $7.62. The company issued revenue guidance of -. Greif Stock Performance

GEF opened at $64.11 on Wednesday. The firm has a market cap of $3.05 billion, a P/E ratio of 10.06, a PEG ratio of 0.84 and a beta of 0.93. Greif has a 1-year low of $53.65 and a 1-year high of $72.79. The company has a 50 day simple moving average of $68.34 and a two-hundred day simple moving average of $63.70. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.48 and a quick ratio of 1.05.

Greif (NYSE:GEF - Get Rating) last issued its earnings results on Wednesday, August 31st. The industrial products company reported $2.35 earnings per share for the quarter, topping analysts' consensus estimates of $2.00 by $0.35. Greif had a net margin of 5.93% and a return on equity of 29.00%. The firm had revenue of $1.62 billion during the quarter, compared to analyst estimates of $1.60 billion. During the same quarter in the prior year, the business earned $1.93 earnings per share. Greif's revenue for the quarter was up 8.8% on a year-over-year basis. Equities analysts forecast that Greif will post 8.01 earnings per share for the current fiscal year. Greif Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, October 1st. Investors of record on Friday, September 16th will be given a dividend of $0.50 per share. This is a positive change from Greif's previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Thursday, September 15th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.12%. Greif's dividend payout ratio is currently 31.40%. Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Stifel Nicolaus assumed coverage on shares of Greif in a research report on Friday, September 2nd. They set a buy rating and a $90.00 target price for the company. StockNews.com raised shares of Greif from a buy rating to a strong-buy rating in a research note on Monday, September 5th. Wells Fargo & Company downgraded shares of Greif from an overweight rating to an equal weight rating and decreased their price target for the company from $79.00 to $71.00 in a research note on Tuesday, September 6th. Finally, BMO Capital Markets raised shares of Greif from an underperform rating to a market perform rating and upped their price target for the company from $52.00 to $70.00 in a research note on Monday, September 5th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Greif presently has an average rating of Moderate Buy and a consensus target price of $73.20.Insider Activity

In other news, Director Mark A. Emkes sold 6,000 shares of the stock in a transaction on Wednesday, June 29th. The shares were sold at an average price of $62.40, for a total value of $374,400.00. Following the sale, the director now owns 34,326 shares of the company's stock, valued at $2,141,942.40. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, SVP Patrick Gerard Mullaney sold 500 shares of the stock in a transaction on Thursday, September 8th. The shares were sold at an average price of $67.65, for a total value of $33,825.00. Following the sale, the senior vice president now owns 3,843 shares of the company's stock, valued at $259,978.95. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Mark A. Emkes sold 6,000 shares of the stock in a transaction on Wednesday, June 29th. The shares were sold at an average price of $62.40, for a total transaction of $374,400.00. Following the completion of the sale, the director now directly owns 34,326 shares in the company, valued at approximately $2,141,942.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 55,481 shares of company stock valued at $3,820,097. 2.59% of the stock is currently owned by company insiders. Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD increased its stake in Greif by 2.9% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 18,973 shares of the industrial products company's stock worth $1,184,000 after buying an additional 540 shares during the period. Centiva Capital LP increased its stake in Greif by 193.2% in the 2nd quarter. Centiva Capital LP now owns 9,200 shares of the industrial products company's stock worth $574,000 after buying an additional 6,062 shares during the period. Cubist Systematic Strategies LLC increased its stake in Greif by 50.7% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 29,472 shares of the industrial products company's stock worth $1,838,000 after buying an additional 9,919 shares during the period. Voya Investment Management LLC increased its stake in Greif by 50.5% in the 2nd quarter. Voya Investment Management LLC now owns 67,442 shares of the industrial products company's stock worth $4,207,000 after buying an additional 22,642 shares during the period. Finally, Point72 Hong Kong Ltd increased its stake in Greif by 326.6% in the 1st quarter. Point72 Hong Kong Ltd now owns 1,813 shares of the industrial products company's stock worth $118,000 after buying an additional 1,388 shares during the period. Hedge funds and other institutional investors own 47.04% of the company's stock. Greif Company Profile (Get Rating)

Greif, Inc engages in the production and sale of industrial packaging products and services worldwide. It operates in three segments: Global Industrial Packaging; Paper Packaging & Services; and Land Management. The Global Industrial Packaging segment produces and sells industrial packaging products, including steel, fiber, and plastic drums; rigid and flexible intermediate bulk containers; closure systems for industrial packaging products; transit protection products; water bottles, and remanufactured and reconditioned industrial containers; and various services, such as container life cycle management, filling, logistics, warehousing, and other packaging services to chemicals, paints and pigments, food and beverage, petroleum, industrial coatings, agriculture, pharmaceuticals, mineral product, and other industries.Featured ArticlesGet a free copy of the StockNews.com research report on Greif (GEF)3 Airline Stocks Stuck in a Holding PatternRoku Stock is Down but Not Out Is Ford Rolling To A Rebound After Its Q3 Warning If You’re Hungry for Value, Take a Bite on Ruth's Hospitality GrpHas AMD stock stock fallen too far?

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