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 MarketBeat.com, 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)

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