Earnings from Graphic Packaging Holding Company [GPK] are scheduled on April 27, 2021, before the market opens. It is expected that the company will report weak earnings for the quarter ending Mar 2021.
GPK Stock Earnings Outlook For The Current Quarter
The consensus estimates for the quarter suggest that the company would earn $0.25 per share on revenue of $1.66B. Taking a look at the future, the company is projected to report revenue of $1.68B at an earnings per share of $0.29 for the Jun 2021 quarter. The estimates represent year-over-year improvements of 2.10% in revenue and 18.83% in earnings per share for the company.
GPK Stock Earnings Forecast For The Current Year
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For the full financial year, Graphic Packaging Holding Company [NYSE:GPK] is forecasted to generate revenue of $6.81B. The figure is about $250.0 million above what the company actually reported for the fiscal year 2020. In terms of EPS, it is estimated to be $1.24 in 2021, which is $0.12 higher than the figure in FY20. Based on current estimates, earnings are expected to grow 10.70% this year, 19.40% next year, and 21.65% annually over the next five years. With regard to sales, forecasts suggest an incline of 3.80% in current fiscal year and 2.10% over following year.
GPK Stock Price Performance
At the close of Monday’s session, Graphic Packaging Holding Company [NYSE:GPK] finished down -1.61% at $18.35. The stock’s highest single-day price was $18.85, and its lowest was $18.29. Its price fall -0.22% in the last five days. Since the beginning of the year, Graphic Packaging Holding Company’s shares are up nearly 8.32%. However, the share price is -2.81% below its one year high. The top price reached by the shares of the company was $18.88 on 04/07/21, while the 52-week low came on 02/01/21, when the shares were $15.36. In the past year, shares of the company have risen 41.59%. At 50 days, the moving average achieved is $17.56 while at 200 days, the moving average is $15.73. There were 4.49 million shares traded in the last session, up from 36136.0 in the previous session.
Graphic Packaging Holding Company [NYSE:GPK] Stock Valuation Metrics
With a prevailing 12-month PE ratio of 30.13, Graphic Packaging Holding Company [GPK] does not qualify as a good candidate for the list of underestimated low-priced stocks that should be purchased sooner rather than later. By this measure, the company’s stock is trading at a premium to the industry average of 16.41 times trailing earnings. Investors may find it helpful to look at historical price-sales ratios, and in the case of this stock, 0.79 PS value ratio is reported for the last one year of reported earnings. This is below the average return 0.91 for the industry, which means GPK offers an attractive investment opportunity than its competitors do.
GPK Share Price Support And Resistance Levels
Based on the daily chart, the immediate backing lies around the 18.35 level, and the violation of this level will cause a further drop to 18.14 level. At the upper end, 19.26 remains a key resistance. As the stock increases, it may find resistance at 19.06. In the 14-day chart, the Relative Strength Index standing at 53.46 suggests a technical neutral stance while the MACD standing at 0.17 indicates price will decrease in the next trading period. Stochastic %K at 67.54% suggests holding the stock while Percent R indicator at 46.49% suggests low price movement.
How much is the short interest in Graphic Packaging Holding Company?
There have been a drop in short interest in the Graphic Packaging Holding Company Financial stock, with short interest down by -1.82 million shares to 8.27 million shares on Feb 25, 2021. According to data provided by Yahoo Finance, the short interest on Mar 30, 2021 stood at 6.45 million shares. This 22.01% increase suggests some bearish sentiment was experienced by the stock. Shorted shares accounted for just 2.29% of the overall float in the stock, while the stock’s days to cover moved to 2.43.
How do analysts view Graphic Packaging Holding Company?
In regard to the share price forecast for Graphic Packaging Holding Company stock, the analysts, as surveyed by FactSet, forecast the price to reach $20.50 in the next twelve months, representing almost an 10.49% growth from its recent price of $18.35. Among Graphic Packaging Holding Company stock projections, $23.00 is the highest analyst target for the stock, while $18.00 is the lowest. Despite this, 14 analysts who share their consensus rating for GPK in 2021 agree that the stock is an Overweight.