Brokerages forecast that Ball Corporation (NYSE:BLL) will post $0.58 earnings per share for the current quarter, Zacks reports. Six analysts have issued estimates for Ball Corporation’s earnings, with estimates ranging from $0.50 to $0.62. Ball Corporation reported earnings per share of $0.48 during the same quarter last year, which indicates a positive year-over-year growth rate of 20.8%. The company is scheduled to report its next quarterly earnings results on Thursday, November 2nd.
On average, analysts expect that Ball Corporation will report full year earnings of $2.04 per share for the current year, with EPS estimates ranging from $1.98 to $2.07. For the next fiscal year, analysts forecast that the company will post earnings of $2.40 per share, with EPS estimates ranging from $2.07 to $2.58. Zacks’ EPS averages are an average based on a survey of sell-side research firms that that provide coverage for Ball Corporation.
Ball Corporation (NYSE:BLL) last issued its quarterly earnings results on Thursday, August 3rd. The industrial products company reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.02). The company had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.81 billion. Ball Corporation had a net margin of 1.70% and a return on equity of 17.63%. The company’s quarterly revenue was up 40.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.05 EPS.
Several equities analysts recently issued reports on the stock. Zacks Investment Research raised shares of Ball Corporation from a “hold” rating to a “buy” rating and set a $47.00 price objective on the stock in a report on Tuesday, July 4th. ValuEngine raised shares of Ball Corporation from a “buy” rating to a “strong-buy” rating in a report on Thursday, May 18th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $49.00 price target (down from $50.00) on shares of Ball Corporation in a report on Wednesday, August 9th. BidaskClub raised shares of Ball Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. Finally, Barclays PLC lifted their price target on shares of Ball Corporation from $40.00 to $42.00 and gave the stock an “equal weight” rating in a report on Monday, August 7th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $44.05.
Shares of Ball Corporation (NYSE BLL) traded up 0.15% during midday trading on Thursday, hitting $40.42. The stock had a trading volume of 1,655,972 shares. The firm’s 50-day moving average price is $40.52 and its 200-day moving average price is $39.61. The stock has a market cap of $14.22 billion, a price-to-earnings ratio of 57.33 and a beta of 0.96. Ball Corporation has a 1-year low of $35.65 and a 1-year high of $43.06.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be paid a dividend of $0.10 per share. The ex-dividend date is Wednesday, August 30th. This represents a $0.40 annualized dividend and a dividend yield of 0.99%. Ball Corporation’s payout ratio is currently 78.43%.
In other news, SVP Lisa Ann Pauley sold 39,241 shares of Ball Corporation stock in a transaction on Friday, August 25th. The shares were sold at an average price of $39.10, for a total transaction of $1,534,323.10. Following the completion of the sale, the senior vice president now directly owns 108,905 shares in the company, valued at $4,258,185.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, COO Daniel William Fisher sold 1,750 shares of Ball Corporation stock in a transaction on Thursday, June 22nd. The stock was sold at an average price of $41.77, for a total transaction of $73,097.50. Following the sale, the chief operating officer now owns 11,594 shares of the company’s stock, valued at $484,281.38. The disclosure for this sale can be found here. Insiders have sold 114,325 shares of company stock valued at $4,641,057 over the last quarter. Insiders own 2.70% of the company’s stock.
Several large investors have recently bought and sold shares of the company. Cleararc Capital Inc. lifted its stake in shares of Ball Corporation by 0.9% during the first quarter. Cleararc Capital Inc. now owns 4,297 shares of the industrial products company’s stock worth $319,000 after buying an additional 38 shares during the period. Fifth Third Bancorp lifted its stake in shares of Ball Corporation by 2.1% during the first quarter. Fifth Third Bancorp now owns 3,646 shares of the industrial products company’s stock worth $271,000 after buying an additional 75 shares during the period. HCR Wealth Advisors lifted its stake in shares of Ball Corporation by 2.1% during the first quarter. HCR Wealth Advisors now owns 4,902 shares of the industrial products company’s stock worth $344,000 after buying an additional 101 shares during the period. HighTower Advisors LLC lifted its position in Ball Corporation by 0.8% during the first quarter. HighTower Advisors LLC now owns 14,201 shares of the industrial products company’s stock valued at $1,055,000 after purchasing an additional 109 shares during the period. Finally, Pacer Advisors Inc. lifted its position in Ball Corporation by 3.3% during the first quarter. Pacer Advisors Inc. now owns 3,441 shares of the industrial products company’s stock valued at $256,000 after purchasing an additional 110 shares during the period. Institutional investors and hedge funds own 86.36% of the company’s stock.
About Ball Corporation
Ball Corporation is a supplier of metal packaging to the beverage, food, personal care and household products industries. The Company’s packaging products are produced for a range of end uses and are manufactured in facilities around the world. Its segments include beverage packaging, North and Central America; beverage packaging, South America; beverage packaging, Europe; food and aerosol packaging; aerospace, and other.
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