Zacks: Brokerages Anticipate Ball Co. (BLL) Will Post Quarterly Sales of $2.66 Billion

Equities analysts expect Ball Co. (NYSE:BLL) to report sales of $2.66 billion for the current quarter, Zacks reports. Five analysts have issued estimates for Ball’s earnings, with the highest sales estimate coming in at $2.69 billion and the lowest estimate coming in at $2.61 billion. Ball reported sales of $2.52 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 5.6%. The company is scheduled to announce its next earnings results on Thursday, February 1st.

On average, analysts expect that Ball will report full-year sales of $2.66 billion for the current financial year, with estimates ranging from $10.84 billion to $10.93 billion. For the next year, analysts expect that the company will report sales of $11.23 billion per share, with estimates ranging from $11.04 billion to $11.40 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Ball.

Ball (NYSE:BLL) last issued its quarterly earnings data on Thursday, November 2nd. The industrial products company reported $0.52 EPS for the quarter, missing the Zacks’ consensus estimate of $0.59 by ($0.07). Ball had a return on equity of 18.31% and a net margin of 2.13%. The company had revenue of $2.91 billion for the quarter, compared to the consensus estimate of $2.91 billion. During the same quarter in the previous year, the company earned $0.48 earnings per share. Ball’s quarterly revenue was up 5.7% compared to the same quarter last year.

Several analysts have recently weighed in on BLL shares. KeyCorp restated a “hold” rating on shares of Ball in a report on Thursday, November 2nd. Jefferies Group restated a “buy” rating and issued a $49.00 price objective (down previously from $50.00) on shares of Ball in a report on Wednesday, August 9th. Zacks Investment Research downgraded Ball from a “buy” rating to a “hold” rating in a report on Tuesday, October 10th. UBS began coverage on Ball in a report on Monday, October 23rd. They set a “buy” rating and a $50.00 target price for the company. Finally, Robert W. Baird upped their target price on Ball from $45.00 to $47.00 and gave the company a “neutral” rating in a report on Friday, November 3rd. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company. Ball currently has a consensus rating of “Hold” and a consensus price target of $44.88.

Shares of Ball (BLL) traded up $0.35 during mid-day trading on Friday, reaching $39.91. The company’s stock had a trading volume of 2,658,700 shares, compared to its average volume of 2,357,711. The company has a quick ratio of 0.66, a current ratio of 1.04 and a debt-to-equity ratio of 1.95. Ball has a one year low of $35.65 and a one year high of $43.24. The firm has a market cap of $13,850.00, a price-to-earnings ratio of 21.22, a PEG ratio of 3.69 and a beta of 1.00.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be paid a dividend of $0.10 per share. The ex-dividend date is Thursday, November 30th. This represents a $0.40 annualized dividend and a yield of 1.00%. Ball’s payout ratio is 54.05%.

In related news, Chairman John A. Hayes sold 5,619 shares of the firm’s stock in a transaction that occurred on Thursday, October 5th. The stock was sold at an average price of $41.98, for a total transaction of $235,885.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman John A. Hayes sold 5,545 shares of the firm’s stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $39.73, for a total value of $220,302.85. Following the transaction, the chairman now owns 412,834 shares of the company’s stock, valued at approximately $16,401,894.82. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 39,167 shares of company stock valued at $1,597,782. 2.70% of the stock is owned by corporate insiders.

Several institutional investors have recently bought and sold shares of the stock. Creative Planning increased its stake in shares of Ball by 100.8% in the 2nd quarter. Creative Planning now owns 5,462 shares of the industrial products company’s stock valued at $231,000 after buying an additional 2,742 shares during the period. US Bancorp DE increased its stake in shares of Ball by 153.1% in the 2nd quarter. US Bancorp DE now owns 15,426 shares of the industrial products company’s stock valued at $652,000 after buying an additional 9,331 shares during the period. Russell Investments Group Ltd. increased its stake in shares of Ball by 79.1% in the 2nd quarter. Russell Investments Group Ltd. now owns 51,570 shares of the industrial products company’s stock valued at $2,177,000 after buying an additional 22,783 shares during the period. Sumitomo Mitsui Asset Management Company LTD increased its stake in shares of Ball by 99.2% in the 2nd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 27,328 shares of the industrial products company’s stock valued at $1,153,000 after buying an additional 13,611 shares during the period. Finally, Strs Ohio increased its stake in shares of Ball by 56.2% in the 2nd quarter. Strs Ohio now owns 27,092 shares of the industrial products company’s stock valued at $1,143,000 after buying an additional 9,746 shares during the period. Institutional investors and hedge funds own 89.48% of the company’s stock.

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Ball 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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