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Stock Market & Financial Investment News

News Breaks
August 25, 2014
07:52 EDTGEFGreif cuts FY14 EPS view to $1.98-$2.08 from $2.48-$2.80
Consensus is $2.81. Greif announced revised guidance for its fiscal year ending October 31, 2014. Earnings per Class A share, excluding timberland gains and further impairment charges, are expected to be $1.98 to $2.08 per Class A share for the 2014 fiscal year compared to the company’s previous guidance of $2.48 to $2.80 per Class A share, excluding timberland gains. Subsequent to the second quarter 2014, the company continued to take actions to strengthen its business portfolio. Certain of these actions resulted in non-cash asset impairment charges of $15.4M, as well as $33M of non-cash allocations of goodwill for divestitures reducing book gains and generating no tax benefits. The company has incurred and anticipates higher SG&A expenses for the remainder of the fiscal year and slightly lower than expected results from operations.
News For GEF From The Last 14 Days
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May 29, 2015
13:07 EDTGEFOn The Fly: Top stock stories at midday
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11:25 EDTGEFGreif downgraded to Underperform from Neutral at BofA/Merrill
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07:40 EDTGEFGreif weakness creates buying opportunity, says Wells Fargo
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May 28, 2015
16:18 EDTGEFGreif drops 13% to $36.30 after lowering FY15 adjused EPS view
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16:18 EDTGEFGreif backs prior Q2 adjusted EPS view
For Q2, adjusted EPS per Class A share, excluding gains and losses on the sales of businesses, timberland and property, plant and equipment, and acquisition related costs, as well as restructuring and impairment charges, are expected to be in line with the company’s expectations. However, the FY15 adjusted EPS are now expected to be $1.65-$1.75 per Class A share, compared to the company’s previous adjusted EPS guidance of $2.25-$2.35. The company plans to report its Q2 financial results on June 9.
16:15 EDTGEFGreif cuts FY15 adjusted EPS view to $1.65-$1.75 from $2.25-$2.35
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May 27, 2015
10:01 EDTGEFOn The Fly: Analyst Downgrade Summary
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07:33 EDTGEFGreif downgraded to Neutral from Buy at DA Davidson
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