Ball Co. Expected to Post Q4 2017 Earnings of $0.59 Per Share (BLL)
Ball Co. (NYSE:BLL) – Investment analysts at Jefferies Group raised their Q4 2017 earnings per share estimates for shares of Ball in a research note issued on Thursday. Jefferies Group analyst P. Ng now expects that the industrial products company will earn $0.59 per share for the quarter, up from their prior estimate of $0.59. Jefferies Group currently has a “Buy” rating and a $47.50 target price on the stock.
BLL has been the subject of several other reports. Vertical Research downgraded shares of Ball from a “buy” rating to a “hold” rating and set a $41.50 price objective for the company. in a research note on Monday, May 15th. TheStreet raised shares of Ball from a “c+” rating to a “b” rating in a report on Thursday, May 4th. BMO Capital Markets reaffirmed a “hold” rating and issued a $39.50 price objective on shares of Ball in a report on Tuesday, March 14th. Zacks Investment Research raised shares of Ball from a “sell” rating to a “hold” rating in a report on Monday, May 8th. Finally, ValuEngine raised shares of Ball from a “buy” rating to a “strong-buy” rating in a report on Thursday, May 18th. Eight research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Ball presently has a consensus rating of “Buy” and an average target price of $42.23.
Ball (NYSE:BLL) opened at 40.72 on Friday. Ball has a one year low of $39.34 and a one year high of $82.24. The stock has a market capitalization of $14.30 billion, a price-to-earnings ratio of 30.30 and a beta of 0.98. The company has a 50-day moving average of $68.82 and a 200-day moving average of $73.58.
Ball (NYSE:BLL) last issued its quarterly earnings results on Thursday, May 4th. The industrial products company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.04. Ball had a return on equity of 18.44% and a net margin of 2.81%. The firm had revenue of $2.47 billion for the quarter, compared to analysts’ expectations of $2.41 billion. During the same period in the previous year, the firm posted $0.30 EPS. The business’s revenue for the quarter was up 40.8% compared to the same quarter last year.
Several large investors have recently made changes to their positions in BLL. Goldman Sachs Group Inc. raised its stake in shares of Ball by 2.0% in the first quarter. Goldman Sachs Group Inc. now owns 3,092,798 shares of the industrial products company’s stock valued at $229,672,000 after buying an additional 60,765 shares during the last quarter. Bank of Nova Scotia raised its stake in shares of Ball by 940.3% in the first quarter. Bank of Nova Scotia now owns 40,053 shares of the industrial products company’s stock valued at $2,974,000 after buying an additional 36,203 shares during the last quarter. YG Partners LLC raised its stake in shares of Ball by 4.2% in the first quarter. YG Partners LLC now owns 32,729 shares of the industrial products company’s stock valued at $2,430,000 after buying an additional 1,314 shares during the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. raised its stake in shares of Ball by 30.9% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 7,957 shares of the industrial products company’s stock valued at $591,000 after buying an additional 1,877 shares during the last quarter. Finally, HighTower Advisors LLC raised its stake in shares of Ball by 0.8% in the first quarter. HighTower Advisors LLC now owns 14,201 shares of the industrial products company’s stock valued at $1,055,000 after buying an additional 109 shares during the last quarter. Institutional investors own 83.42% of the company’s stock.
In related news, SVP Lisa Ann Pauley sold 5,752 shares of the company’s stock in a transaction dated Friday, March 10th. The stock was sold at an average price of $73.89, for a total transaction of $425,015.28. Following the sale, the senior vice president now owns 54,437 shares in the company, valued at approximately $4,022,349.93. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Daniel J. Heinrich bought 1,750 shares of the business’s stock in a transaction that occurred on Wednesday, March 8th. The shares were acquired at an average price of $72.27 per share, for a total transaction of $126,472.50. Following the transaction, the director now owns 3,373 shares in the company, valued at $243,766.71. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 59,793 shares of company stock worth $3,082,110. 3.50% of the stock is owned by corporate insiders.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Investors of record on Thursday, June 1st will be given a dividend of $0.10 per share. This is a positive change from Ball’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend is Tuesday, May 30th. This represents a $0.40 annualized dividend and a dividend yield of 0.98%. Ball’s dividend payout ratio is presently 30.23%.
Ball Company Profile
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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