Ball Corp. Announces Quarterly Dividend of $0.13 (BLL)
Ball Corp. (NYSE:BLL) declared a quarterly dividend on Wednesday, October 23rd, Analyst Ratings Network.com reports. Stockholders of record on Monday, December 2nd will be given a dividend of $0.13 per share on Monday, December 16th. This represents a $0.52 dividend on an annualized basis and a yield of 1.13%.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Ball Corp. from an “underperform” rating to a “neutral” rating in a research note to investors on Thursday, September 5th. They now have a $47.00 price target on the stock. On a related note, analysts at Northcoast Research initiated coverage on shares of Ball Corp. in a research note to investors on Friday, August 23rd. They set a “neutral” rating on the stock. Finally, analysts at Barclays raised their price target on shares of Ball Corp. from $49.00 to $52.00 in a research note to investors on Friday, July 26th. They now have an “overweight” rating on the stock. Eleven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $48.10.
Ball Corp. (NYSE:BLL) traded down 1.22% on Wednesday, hitting $46.01. 1,756,878 shares of the company’s stock traded hands. Ball Corp. has a one year low of $41.11 and a one year high of $48.50. The stock has a 50-day moving average of $45.00 and a 200-day moving average of $44.93. The company has a market cap of $6.676 billion and a P/E ratio of 20.94.
Ball Corp. (NYSE:BLL) last released its earnings data on Thursday, July 25th. The company reported $0.85 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.87 by $0.02. The company had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.30 billion. During the same quarter last year, the company posted $0.89 earnings per share. Ball Corp.’s revenue was down 4.1% compared to the same quarter last year. On average, analysts predict that Ball Corp. will post $3.12 earnings per share for the current fiscal year.
Ball Corporation (NYSE:BLL) is a supplier of metal packaging to the beverage, food, personal care and household products industries.
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