Graphic Packaging Holding (GPK) has a market cap of $4.2 billion. It rose 3.6% to close at $13.06 per share on December 7, 2016. The stock’s weekly, monthly, and year-to-date (or YTD) price movements were 3.9%, 4.3%, and 3.0%, respectively, on the same day.
GPK is trading 2.2% above its 20-day moving average, 0.14% below its 50-day moving average, and 0.83% below its 200-day moving average.
Related ETF and peers
On December 7, 2016, Bank of America Merrill Lynch upgraded Graphic Packaging Holding’s rating to “buy” from “neutral.”
Performance of Graphic Packaging in 3Q16
Graphic Packaging Holding (GPK) reported 3Q16 net sales of $1.1 billion, a rise of 3.1% compared to $1.2 billion in 3Q15. The company’s income from operations as a percentage of net sales narrowed 80 basis points in 3Q16 compared to 3Q15.
Its net income fell to $57.8 million in 3Q16 compared to $60.2 million in 3Q15. It reported EPS (earnings per share) of $0.18 for 3Q16 and 3Q15. It reported adjusted EBITDA[1. earnings before interest, tax, depreciation, and amortization] of $200.1 million in 3Q16, a rise of 1.5% compared to 3Q15.
GPK’s cash and cash equivalents fell 16.8%, and its inventories rose 6.2% between 3Q16 and 4Q15.
GPK has declared a quarterly cash dividend of ~$0.08 per share on its common stock. The dividend will be paid on January 5, 2017, to shareholders of record on December 15, 2016.
Next, let’s look at Avery Dennison (AVY).