Ball Corporation (NYSE:BLL) – Investment analysts at Jefferies Group cut their Q3 2017 earnings per share (EPS) estimates for shares of Ball Corporation in a research note issued on Thursday. Jefferies Group analyst P. Ng now forecasts that the industrial products company will post earnings per share of $0.61 for the quarter, down from their previous forecast of $0.67. Jefferies Group has a “Buy” rating and a $50.00 price objective on the stock. Jefferies Group also issued estimates for Ball Corporation’s FY2019 earnings at $3.01 EPS.

Ball Corporation (NYSE:BLL) last issued its quarterly earnings results on Thursday, August 3rd. The industrial products company reported $0.53 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by $0.02. The firm had revenue of $2.86 billion during the quarter, compared to analysts’ expectations of $2.81 billion. Ball Corporation had a return on equity of 17.54% and a net margin of 1.70%. Ball Corporation’s revenue for the quarter was up 40.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.05 earnings per share.

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A number of other brokerages have also weighed in on BLL. BMO Capital Markets reaffirmed a “hold” rating and set a $39.50 target price on shares of Ball Corporation in a research report on Wednesday, April 12th. Deutsche Bank AG reaffirmed a “buy” rating and set a $47.00 target price (up from $44.00) on shares of Ball Corporation in a research report on Tuesday, July 18th. BidaskClub lowered Ball Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Zacks Investment Research raised Ball Corporation from a “sell” rating to a “hold” rating in a research report on Monday, May 8th. Finally, ValuEngine lowered Ball Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $44.33.

Shares of Ball Corporation (BLL) opened at 40.56 on Monday. The company has a 50-day moving average price of $42.07 and a 200 day moving average price of $39.02. Ball Corporation has a 52 week low of $34.88 and a 52 week high of $43.06. The stock has a market capitalization of $14.24 billion, a PE ratio of 30.18 and a beta of 0.95.

A number of hedge funds and other institutional investors have recently made changes to their positions in BLL. BlackRock Inc. increased its position in shares of Ball Corporation by 2,907.6% in the first quarter. BlackRock Inc. now owns 10,298,454 shares of the industrial products company’s stock valued at $764,763,000 after buying an additional 9,956,034 shares during the period. William Blair Investment Management LLC increased its position in shares of Ball Corporation by 118.9% in the second quarter. William Blair Investment Management LLC now owns 7,644,161 shares of the industrial products company’s stock valued at $322,660,000 after buying an additional 4,151,548 shares during the period. Bessemer Group Inc. increased its position in shares of Ball Corporation by 754,449.4% in the second quarter. Bessemer Group Inc. now owns 3,418,109 shares of the industrial products company’s stock valued at $144,279,000 after buying an additional 3,417,656 shares during the period. Manning & Napier Advisors LLC acquired a new position in shares of Ball Corporation during the second quarter valued at $110,705,000. Finally, Frontier Capital Management Co. LLC increased its position in shares of Ball Corporation by 264.6% in the second quarter. Frontier Capital Management Co. LLC now owns 2,284,892 shares of the industrial products company’s stock valued at $96,445,000 after buying an additional 1,658,171 shares during the period. Hedge funds and other institutional investors own 46.59% of the company’s stock.

In related news, SVP Lisa Ann Pauley sold 37,984 shares of the business’s stock in a transaction on Friday, July 28th. The stock was sold at an average price of $42.03, for a total transaction of $1,596,467.52. Following the transaction, the senior vice president now directly owns 108,905 shares in the company, valued at approximately $4,577,277.15. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director R David Hoover sold 22,000 shares of the business’s stock in a transaction on Friday, May 19th. The stock was sold at an average price of $39.75, for a total value of $874,500.00. Following the transaction, the director now owns 205,260 shares in the company, valued at $8,159,085. The disclosure for this sale can be found here. Over the last three months, insiders sold 111,999 shares of company stock valued at $4,606,903. Corporate insiders own 2.70% of the company’s stock.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.99%. The ex-dividend date is Wednesday, August 30th. Ball Corporation’s payout ratio is 78.43%.

About Ball Corporation

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.

Earnings History and Estimates for Ball Corporation (NYSE:BLL)

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