Brokers Offer Predictions for Ball Co.’s Q2 2017 Earnings (BLL)
Ball Co. (NYSE:BLL) – Analysts at Jefferies Group lifted their Q2 2017 earnings estimates for shares of Ball in a note issued to investors on Thursday. Jefferies Group analyst P. Ng now anticipates that the industrial products company will post earnings per share of $0.58 for the quarter, up from their previous forecast of $0.57. Jefferies Group currently has a “Buy” rating and a $47.50 target price on the stock. Jefferies Group also issued estimates for Ball’s Q3 2017 earnings at $0.67 EPS and FY2019 earnings at $3.17 EPS.
Ball (NYSE:BLL) last issued its earnings results on Thursday, May 4th. The industrial products company reported $0.38 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.04. The company had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.41 billion. Ball had a return on equity of 18.44% and a net margin of 2.81%. The firm’s quarterly revenue was up 40.8% on a year-over-year basis. During the same quarter last year, the business posted $0.30 EPS. TRADEMARK VIOLATION NOTICE: “Brokers Offer Predictions for Ball Co.’s Q2 2017 Earnings (BLL)” was originally reported by American Banking News and is owned by of American Banking News. If you are viewing this news story on another site, it was copied illegally and republished in violation of international trademark & copyright laws. The legal version of this news story can be read at https://www.americanbankingnews.com/2017/05/29/brokers-offer-predictions-for-ball-co-s-q2-2017-earnings-bll.html.
Other equities research analysts have also recently issued reports about the stock. TheStreet raised shares of Ball from a “c+” rating to a “b” rating in a research report on Thursday, May 4th. Vertical Research cut shares of Ball from a “buy” rating to a “hold” rating and set a $41.50 price target for the company. in a research report on Friday, May 5th. BMO Capital Markets reissued a “hold” rating and issued a $39.50 price target on shares of Ball in a research report on Wednesday, April 12th. ValuEngine raised shares of Ball from a “buy” rating to a “strong-buy” rating in a research report on Thursday, May 18th. Finally, Zacks Investment Research raised shares of Ball from a “sell” rating to a “hold” rating in a research report on Monday, May 8th. Eight research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Ball currently has a consensus rating of “Buy” and a consensus price target of $42.23.
Ball (NYSE:BLL) opened at 40.69 on Monday. Ball has a 52 week low of $39.34 and a 52 week high of $82.24. The stock has a market cap of $14.29 billion, a price-to-earnings ratio of 30.28 and a beta of 0.98. The company has a 50-day moving average price of $67.91 and a 200-day moving average price of $73.30.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Thursday, June 1st will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.98%. This is a boost from Ball’s previous quarterly dividend of $0.07. The ex-dividend date is Tuesday, May 30th. Ball’s dividend payout ratio is presently 30.23%.
In other Ball news, Director Daniel J. Heinrich bought 1,750 shares of Ball stock in a transaction dated Wednesday, March 8th. The stock was acquired at an average cost of $72.27 per share, with a total value of $126,472.50. Following the completion of the acquisition, the director now owns 3,373 shares of the company’s stock, valued at $243,766.71. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director R David Hoover sold 8,000 shares of the company’s stock in a transaction dated Tuesday, May 23rd. The shares were sold at an average price of $40.02, for a total transaction of $320,160.00. Following the completion of the sale, the director now directly owns 175,260 shares of the company’s stock, valued at $7,013,905.20. The disclosure for this sale can be found here. Insiders sold 59,793 shares of company stock valued at $3,082,110 over the last ninety days. Corporate insiders own 3.50% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Timber Hill LLC boosted its stake in shares of Ball by 86.6% in the third quarter. Timber Hill LLC now owns 12,527 shares of the industrial products company’s stock worth $1,027,000 after buying an additional 5,815 shares during the last quarter. Locust Wood Capital Advisers LLC boosted its stake in shares of Ball by 9.8% in the third quarter. Locust Wood Capital Advisers LLC now owns 393,353 shares of the industrial products company’s stock worth $32,235,000 after buying an additional 35,180 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Ball by 10.0% in the third quarter. Ameriprise Financial Inc. now owns 67,538 shares of the industrial products company’s stock worth $5,534,000 after buying an additional 6,118 shares during the last quarter. Suntrust Banks Inc. boosted its stake in shares of Ball by 1.4% in the third quarter. Suntrust Banks Inc. now owns 3,522 shares of the industrial products company’s stock worth $287,000 after buying an additional 47 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its stake in shares of Ball by 26.4% in the third quarter. Pacer Advisors Inc. now owns 3,351 shares of the industrial products company’s stock worth $275,000 after buying an additional 700 shares during the last quarter. 83.42% of the stock is owned by institutional investors and hedge funds.
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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