Ball (BLL) to Release Quarterly Earnings on Thursday
Ball (NYSE:BLL) is set to announce its Q214 earnings results on Thursday, July 31st. Analysts expect the company to announce earnings of $1.03 per share and revenue of $2.25 billion for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.
Ball (NYSE:BLL) last announced its earnings results on Thursday, May 1st. The company reported $0.81 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.69 by $0.12. The company had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter last year, the company posted $0.58 earnings per share. Ball’s revenue was up .8% compared to the same quarter last year. On average, analysts expect Ball to post $3.77 EPS for the current fiscal year and $4.10 EPS for the next fiscal year.
Shares of Ball (NYSE:BLL) traded up 0.56% during mid-day trading on Wednesday, hitting $62.80. 116,832 shares of the company’s stock traded hands. Ball has a 52-week low of $43.94 and a 52-week high of $64.91. The stock has a 50-day moving average of $62.56 and a 200-day moving average of $57.14. The company has a market cap of $8.755 billion and a price-to-earnings ratio of 21.39.
A number of analysts have recently weighed in on BLL shares. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Ball in a research note on Thursday, July 17th. They now have a $60.00 price target on the stock, up previously from $57.00. On a related note, analysts at Jefferies Group raised their price target on shares of Ball from $52.00 to $57.00 in a research note on Friday, July 11th. They now have a “hold” rating on the stock. Finally, analysts at Robert W. Baird raised their price target on shares of Ball from $62.00 to $70.00 in a research note on Wednesday, June 25th. They now have an “outperform” rating on the stock. Eight analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $61.44.
Ball Corporation (NYSE:BLL) is a supplier of metal packaging to the beverage, food, personal care and household products industries.
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