Brokerages Expect BPC Acquisition Corp (BERY) Will Announce Quarterly Sales of $1.92 Billion
Analysts expect BPC Acquisition Corp (NYSE:BERY) to report $1.92 billion in sales for the current quarter, Zacks Investment Research reports. Seven analysts have made estimates for BPC Acquisition Corp’s earnings. The lowest sales estimate is $1.89 billion and the highest is $2.00 billion. BPC Acquisition Corp posted sales of $1.62 billion during the same quarter last year, which would suggest a positive year over year growth rate of 18.5%. The business is expected to report its next earnings results on Tuesday, December 5th.
According to Zacks, analysts expect that BPC Acquisition Corp will report full year sales of $1.92 billion for the current year, with estimates ranging from $7.11 billion to $7.32 billion. For the next financial year, analysts anticipate that the firm will report sales of $7.60 billion per share, with estimates ranging from $7.46 billion to $7.89 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover BPC Acquisition Corp.
BPC Acquisition Corp (NYSE:BERY) last announced its quarterly earnings data on Thursday, August 3rd. The industrial products company reported $0.93 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.83 by $0.10. The firm had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.94 billion. BPC Acquisition Corp had a return on equity of 99.21% and a net margin of 4.49%. The company’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.82 EPS.
Several equities research analysts have issued reports on BERY shares. Royal Bank Of Canada restated a “buy” rating and set a $60.00 target price on shares of BPC Acquisition Corp in a research report on Tuesday, April 11th. Jefferies Group LLC reiterated a “buy” rating and issued a $63.00 price objective on shares of BPC Acquisition Corp in a research report on Thursday, June 8th. Zacks Investment Research upgraded BPC Acquisition Corp from a “hold” rating to a “buy” rating and set a $65.00 price objective on the stock in a research report on Tuesday, June 6th. ValuEngine upgraded BPC Acquisition Corp from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, Deutsche Bank AG increased their price objective on BPC Acquisition Corp from $56.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, May 4th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $62.10.
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In related news, President Curt Begle sold 18,000 shares of the stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $57.02, for a total value of $1,026,360.00. Following the transaction, the president now owns 1,899 shares of the company’s stock, valued at $108,280.98. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Evan Bayh sold 15,500 shares of the stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $57.98, for a total value of $898,690.00. Following the completion of the transaction, the director now directly owns 40,000 shares in the company, valued at approximately $2,319,200. The disclosure for this sale can be found here. In the last three months, insiders sold 63,000 shares of company stock worth $3,587,375. 3.11% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BERY. First Quadrant L P CA purchased a new position in BPC Acquisition Corp during the first quarter worth approximately $144,000. FTB Advisors Inc. boosted its position in BPC Acquisition Corp by 809.5% in the first quarter. FTB Advisors Inc. now owns 3,811 shares of the industrial products company’s stock worth $185,000 after buying an additional 3,392 shares in the last quarter. Public Employees Retirement Association of Colorado boosted its position in BPC Acquisition Corp by 2.9% in the first quarter. Public Employees Retirement Association of Colorado now owns 3,992 shares of the industrial products company’s stock worth $194,000 after buying an additional 111 shares in the last quarter. CrestPoint Capital Management LLC purchased a new position in BPC Acquisition Corp during the second quarter worth approximately $205,000. Finally, BlueCrest Capital Management Ltd purchased a new position in BPC Acquisition Corp during the first quarter worth approximately $218,000. 99.64% of the stock is currently owned by institutional investors and hedge funds.
BPC Acquisition Corp (NYSE:BERY) opened at 57.42 on Monday. The firm has a 50-day moving average price of $57.39 and a 200 day moving average price of $53.19. BPC Acquisition Corp has a one year low of $39.45 and a one year high of $58.95. The firm has a market capitalization of $7.44 billion, a PE ratio of 24.91 and a beta of 1.08.
BPC Acquisition Corp Company Profile
Berry Global Group, Inc, formerly Berry Plastics Group, Inc, is a provider of value-added plastic consumer packaging, non-woven specialty materials and engineered materials. The Company offers products, such as closures, prescription vials, specialty films, adhesives, nonwovens, drink cups, containers and bottles.
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