Greif Bros. (NYSE:GEF.B) Posts Quarterly Earnings Results

Greif Bros. (NYSE:GEF.B) released its quarterly earnings results on Tuesday. The industrial products company reported $1.28 earnings per share (EPS) for the quarter, Zacks reports. Greif Bros. had a net margin of 7.53% and a return on equity of 13.66%.

Greif Bros. Stock Down 1.3%

Shares of Greif Bros. stock traded down $1.53 during trading hours on Tuesday, hitting $112.85. 71,264 shares of the company’s stock traded hands, compared to its average volume of 59,318. Greif Bros. has a twelve month low of $58.36 and a twelve month high of $117.33. The company has a market cap of $5.21 billion, a PE ratio of 31.70 and a beta of 0.62. The company has a quick ratio of 0.99, a current ratio of 1.29 and a debt-to-equity ratio of 0.23. The stock has a 50 day simple moving average of $109.15 and a 200-day simple moving average of $93.96.

Greif Bros. Company Profile

Greif, Inc, formerly known as Greif Bros. Corporation, is a global producer of industrial and paper-based packaging. Founded in 1877 as a cooperage business, the company has expanded from manufacturing wooden barrels into a diversified packaging organization serving customers in a range of industries.

Greif’s products include steel, fiber and plastic drums; intermediate bulk containers; containerboard and corrugated products; paper sacks; and other specialty and protective packaging. The company also provides packaging-related services, including container reconditioning, recycling and logistics support.