Ball Corporation (NYSE:BLL) Expected to Announce Earnings of $0.58 Per Share
Equities analysts predict that Ball Corporation (NYSE:BLL) will report earnings per share of $0.58 for the current quarter, according to Zacks. Six analysts have made estimates for Ball Corporation’s earnings. The highest EPS estimate is $0.61 and the lowest is $0.50. Ball Corporation posted earnings of $0.48 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 20.8%. The business is expected to issue its next earnings results on Thursday, November 2nd.
According to Zacks, analysts expect that Ball Corporation will report full-year earnings of $2.04 per share for the current financial year, with EPS estimates ranging from $1.98 to $2.06. For the next fiscal year, analysts anticipate that the company will post earnings of $2.40 per share, with EPS estimates ranging from $2.07 to $2.58. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Ball Corporation.
Ball Corporation (NYSE:BLL) last released 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. The business 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%. The company’s revenue was up 40.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.05 EPS.
Several brokerages have weighed in on BLL. Zacks Investment Research raised Ball Corporation from a “hold” rating to a “buy” rating and set a $47.00 target price on the stock in a research note on Tuesday, July 4th. Vertical Research downgraded Ball Corporation from a “buy” rating to a “hold” rating and set a $41.50 target price on the stock. in a research note on Friday, May 5th. ValuEngine raised Ball Corporation from a “buy” rating to a “strong-buy” rating in a research note on Thursday, May 18th. Jefferies Group LLC lifted their target price on Ball Corporation from $45.00 to $47.50 and gave the company a “buy” rating in a research note on Friday, May 5th. Finally, BidaskClub raised Ball Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, July 25th. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $44.28.
Ball Corporation (NYSE:BLL) traded down 0.19% on Tuesday, reaching $41.09. The company’s stock had a trading volume of 3,614,112 shares. Ball Corporation has a 52-week low of $35.65 and a 52-week high of $43.06. The firm has a market capitalization of $14.43 billion, a P/E ratio of 30.57 and a beta of 0.95. The firm has a 50-day moving average price of $42.05 and a 200 day moving average price of $39.07.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date of this dividend is Wednesday, August 30th. Ball Corporation’s dividend payout ratio is presently 78.43%.
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In other news, Chairman John A. Hayes sold 5,655 shares of the business’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $41.19, for a total value of $232,929.45. Following the sale, the chairman now owns 407,575 shares of the company’s stock, valued at approximately $16,788,014.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 value of $1,596,467.52. Following the completion of the sale, the senior vice president now directly owns 108,905 shares in the company, valued at approximately $4,577,277.15. The disclosure for this sale can be found here. Insiders sold a total of 117,654 shares of company stock worth $4,839,833 in the last three months. Company insiders own 2.70% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. Cleararc Capital Inc. boosted its stake in Ball Corporation by 0.9% in the first quarter. Cleararc Capital Inc. now owns 4,297 shares of the industrial products company’s stock worth $319,000 after buying an additional 38 shares in the last quarter. Fifth Third Bancorp boosted its stake in Ball Corporation by 2.1% in the first quarter. Fifth Third Bancorp now owns 3,646 shares of the industrial products company’s stock worth $271,000 after buying an additional 75 shares in the last quarter. Creative Planning boosted its stake in Ball Corporation by 3.3% in the first quarter. Creative Planning now owns 2,720 shares of the industrial products company’s stock worth $202,000 after buying an additional 86 shares in the last quarter. HCR Wealth Advisors boosted its stake in Ball Corporation by 2.1% in the first quarter. HCR Wealth Advisors now owns 4,902 shares of the industrial products company’s stock worth $344,000 after buying an additional 101 shares in the last quarter. Finally, HighTower Advisors LLC boosted its stake in Ball Corporation by 0.8% in the first quarter. HighTower Advisors LLC now owns 14,201 shares of the industrial products company’s stock worth $1,055,000 after buying an additional 109 shares in the last quarter. 46.59% of the stock is currently owned by institutional investors.
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.
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