Research Analysts Set Expectations for Smurfit Kappa Group Plc’s FY2023 Earnings (OTCMKTS: SMFKY)

Smurfit Kappa Group Plc (OTCMKTS: SMFKY – Get Rating) – Equities research analysts at Jefferies Financial Group lowered their FY2023 EPS estimates for shares of Smurfit Kappa Group in a report released on Wednesday, June 22nd. Jefferies Financial Group analyst C. Hathorn now expects that the company will post earnings per share of $ 3.44 for the year, down from their prior forecast of $ 3.56. Jefferies Financial Group currently has a “Buy” rating on the stock. The consensus estimate for Smurfit Kappa Group’s current full-year earnings is $ 3.47 per share. Jefferies Financial Group also issued estimates for Smurfit Kappa Group’s FY2024 earnings at $ 3.07 EPS and FY2025 earnings at $ 3.15 EPS.

Other analysts also recently issued reports about the stock. Credit Suisse Group dropped their target price on shares of Smurfit Kappa Group from € 60.00 ($ 63.16) to € 55.00 ($ 57.89) in a report on Tuesday, April 12th. JPMorgan Chase & Co. dropped their target price on shares of Smurfit Kappa Group from € 57.18 ($ 60.19) to € 56.03 ($ 58.98) and set an “overweight” rating on the stock in a report on Tuesday, May 3rd. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from, Smurfit Kappa Group has an average rating of “Moderate Buy” and an average price target of $ 55.52.

Shares of OTCMKTS: SMFKY opened at $ 34.29 on Thursday. The firm’s 50 day simple moving average is $ 39.60 and its 200 day simple moving average is $ 46.60. The company has a current ratio of 1.44, a quick ratio of 1.07 and a debt-to-equity ratio of 0.82. Smurfit Kappa Group has a fifty-two week low of $ 33.48 and a fifty-two week high of $ 60.34.

The business also recently announced a dividend, which was paid on Monday, May 23rd. Shareholders of record on Friday, April 8th were issued a dividend of $ 0.767 per share. The ex-dividend date was Thursday, April 7th. This represents a yield of 2.21%.

About Smurfit Kappa Group (Get Rating)

Smurfit Kappa Group plc, together with its subsidiaries, manufactures, distributes, and sells paper-based packaging products. It operates through two segments, Europe and the Americas. The company offers consumer, retail, industrial, e-commerce, heavy-duty corrugated, and hexacomb packaging products; composite cardboard tubes, bags, and sacks; and bag-in-box, a single-use packaging system that comprises films, accessories, bags, taps, and boxes.

See Also

Earnings History and Estimates for Smurfit Kappa Group (OTCMKTS: SMFKY)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Should you invest $ 1,000 in Smurfit Kappa Group right now?

Before you consider Smurfit Kappa Group, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on … and Smurfit Kappa Group wasn’t on the list.

While Smurfit Kappa Group currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

View The 5 Stocks Here


Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button

Adblock Detected

Please consider supporting us by disabling your ad blocker