Ball Co. (NYSE:BLL) – Analysts at Jefferies Group reduced their Q1 2017 EPS estimates for Ball in a research note issued to investors on Tuesday. Jefferies Group analyst P. Ng now anticipates that the industrial products company will post earnings per share of $0.68 for the quarter, down from their previous forecast of $0.72. Jefferies Group currently has a “Buy” rating and a $90.00 price target on the stock. Jefferies Group also issued estimates for Ball’s Q3 2017 earnings at $1.32 EPS and Q4 2017 earnings at $1.15 EPS.

Ball (NYSE:BLL) last issued its quarterly earnings data on Thursday, February 2nd. The industrial products company reported $0.87 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.84 by $0.03. Ball had a net margin of 2.81% and a return on equity of 18.44%. The company earned $2.52 billion during the quarter, compared to the consensus estimate of $2.55 billion. During the same quarter last year, the company earned $0.80 earnings per share. Ball’s revenue for the quarter was up 39.4% on a year-over-year basis.

TRADEMARK VIOLATION WARNING: “Q1 2017 Earnings Forecast for Ball Co. (BLL) Issued By Jefferies Group” was published by American Banking News and is the property of of American Banking News. If you are reading this piece of content on another domain, it was illegally copied and republished in violation of international copyright & trademark law. The legal version of this piece of content can be read at https://www.americanbankingnews.com/2017/04/20/q1-2017-earnings-forecast-for-ball-co-bll-issued-by-jefferies-group.html.

Earnings History and Estimates for Ball (NYSE:BLL)

A number of other equities analysts have also commented on the company. Zacks Investment Research raised Ball from a “hold” rating to a “buy” rating and set a $85.00 price objective on the stock in a research note on Wednesday, January 4th. TheStreet lowered Ball from a “b” rating to a “c+” rating in a research note on Thursday, February 2nd. KeyCorp reaffirmed a “hold” rating on shares of Ball in a research note on Monday, February 6th. Vertical Research raised Ball from a “hold” rating to a “buy” rating in a research note on Friday, February 3rd. Finally, Goldman Sachs Group Inc began coverage on Ball in a research note on Thursday, March 2nd. They set a “neutral” rating and a $80.00 price target on the stock. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $84.10.

This article was originally published by and is the sole property of American Banking News. If you happen to be reading this article on another website, it was stolen and illegally republished in violation of U.S. and International copyright law. The original version of this story can be read at https://www.americanbankingnews.com/2017/04/20/q1-2017-earnings-forecast-for-ball-co-bll-issued-by-jefferies-group.html

Shares of Ball (NYSE:BLL) opened at 72.80 on Thursday. The firm has a market cap of $12.74 billion, a P/E ratio of 44.66 and a beta of 0.98. Ball has a 12 month low of $67.51 and a 12 month high of $82.24. The firm has a 50-day moving average of $73.43 and a 200 day moving average of $75.69.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of Montreal Can increased its position in Ball by 27.3% in the third quarter. Bank of Montreal Can now owns 102,396 shares of the industrial products company’s stock worth $8,391,000 after buying an additional 21,947 shares in the last quarter. CIBC Asset Management Inc increased its position in Ball by 5.3% in the third quarter. CIBC Asset Management Inc now owns 14,561 shares of the industrial products company’s stock worth $1,193,000 after buying an additional 737 shares in the last quarter. Gateway Investment Advisers LLC increased its position in Ball by 0.3% in the third quarter. Gateway Investment Advisers LLC now owns 9,496 shares of the industrial products company’s stock worth $778,000 after buying an additional 26 shares in the last quarter. Norris Perne & French LLP MI increased its position in Ball by 16.6% in the third quarter. Norris Perne & French LLP MI now owns 35,196 shares of the industrial products company’s stock worth $2,884,000 after buying an additional 5,005 shares in the last quarter. Finally, Henderson Group PLC increased its position in Ball by 21.3% in the third quarter. Henderson Group PLC now owns 17,747 shares of the industrial products company’s stock worth $1,454,000 after buying an additional 3,116 shares in the last quarter. Hedge funds and other institutional investors own 83.42% of the company’s stock.

In other Ball news, SVP Lisa Ann Pauley sold 5,752 shares of the firm’s stock in a transaction that occurred on Friday, March 10th. The stock was sold at an average price of $73.89, for a total value of $425,015.28. Following the completion of the transaction, the senior vice president now directly owns 54,437 shares in the company, valued at $4,022,349.93. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director R David Hoover sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, March 13th. The shares were sold at an average price of $74.07, for a total value of $370,350.00. Following the completion of the transaction, the director now owns 112,462 shares of the company’s stock, valued at $8,330,060.34. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,076 shares of company stock valued at $1,186,455. 3.50% of the stock is owned by corporate insiders.

About Ball

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.

5 Day Chart for NYSE:BLL

Receive News & Ratings for Ball Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ball Co. and related companies with MarketBeat.com's FREE daily email newsletter.