NEW YORK (TheStreet) -- Shares of Graphic Packaging (GPK - Get Report) were sliding 7.75% to $12.69 on heavy trading volume late Tuesday morning after the paper packaging solutions provider reported lower-than-expected 2016 third quarter earnings and revenue.

Before today's market open, the Atlanta-based company posted adjusted earnings of 20 cents per diluted share, missing analysts' estimates of 21 cents per share.

Revenue for the quarter rose 3.1% year-over-year to $1.10 billion but fell short of Wall Street's projections of $1.13 billion.

Additionally, Graphic Packaging raised its quarterly cash dividend to $0.075 per share from $0.050 per share previously. The first increased quarterly dividend will be payable on January 5 to shareholders of record on December 15.

More than 7.78 million shares of Graphic Packaging have traded so far today vs. the 30-day average volume of 3.20 million shares.

Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

TheStreet Ratings rated this stock as a "buy" with a ratings score of B+.

The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, notable return on equity and good cash flow from operations. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

You can view the full analysis from the report here: GPK