Ball Corporation (NYSE:BLL) – Equities research analysts at KeyCorp decreased their Q3 2017 earnings per share (EPS) estimates for Ball Corporation in a research report issued to clients and investors on Thursday. KeyCorp analyst A. Josephson now forecasts that the industrial products company will earn $0.57 per share for the quarter, down from their prior forecast of $0.60. KeyCorp also issued estimates for Ball Corporation’s Q4 2017 earnings at $0.50 EPS.

Several other brokerages have also commented on BLL. Jefferies Group LLC restated a “buy” rating and set a $47.00 price target on shares of Ball Corporation in a research note on Sunday, June 25th. BidaskClub upgraded shares of Ball Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, July 25th. Deutsche Bank AG restated a “buy” rating and set a $47.00 price target (up previously from $44.00) on shares of Ball Corporation in a research note on Tuesday, July 18th. Zacks Investment Research lowered shares of Ball Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 5th. Finally, ValuEngine upgraded shares of Ball Corporation from a “buy” rating to a “strong-buy” rating in a research note on Thursday, May 18th. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $44.33.

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

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

Hedge funds have recently modified their holdings of the stock. State Board of Administration of Florida Retirement System increased its stake in shares of Ball Corporation by 100.4% in the second quarter. State Board of Administration of Florida Retirement System now owns 461,836 shares of the industrial products company’s stock worth $19,494,000 after buying an additional 231,377 shares during the period. Fortaleza Asset Management Inc. increased its stake in shares of Ball Corporation by 100.0% in the second quarter. Fortaleza Asset Management Inc. now owns 9,030 shares of the industrial products company’s stock worth $381,000 after buying an additional 4,515 shares during the period. William Blair Investment Management LLC increased its stake 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 worth $322,660,000 after buying an additional 4,151,548 shares during the period. Richard Bernstein Advisors LLC increased its stake in shares of Ball Corporation by 100.0% in the second quarter. Richard Bernstein Advisors LLC now owns 69,886 shares of the industrial products company’s stock worth $2,950,000 after buying an additional 34,943 shares during the period. Finally, Cooke & Bieler LP increased its stake in shares of Ball Corporation by 91.8% in the second quarter. Cooke & Bieler LP now owns 1,999,155 shares of the industrial products company’s stock worth $84,384,000 after buying an additional 956,639 shares during the period. 46.59% of the stock is owned by hedge funds and other institutional investors.

In other Ball Corporation news, SVP Lisa Ann Pauley sold 37,984 shares of the stock in a transaction on Friday, July 28th. The shares were sold at an average price of $42.03, for a total value of $1,596,467.52. Following the completion of the sale, the senior vice president now directly owns 108,905 shares of the company’s stock, valued at approximately $4,577,277.15. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman John A. Hayes sold 5,683 shares of the stock in a transaction on Friday, July 7th. The shares were sold at an average price of $42.23, for a total transaction of $239,993.09. Following the completion of the sale, the chairman now directly owns 407,562 shares of the company’s stock, valued at $17,211,343.26. The disclosure for this sale can be found here. Insiders sold a total of 111,999 shares of company stock worth $4,606,903 over the last quarter. 2.70% of the stock is currently owned by company insiders.

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

Ball Corporation 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.

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

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