Wall Street brokerages expect Ball Co. (NYSE:BLL) to post earnings of $0.52 per share for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for Ball’s earnings, with the highest EPS estimate coming in at $0.54 and the lowest estimate coming in at $0.49. Ball reported earnings of $0.44 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 18.2%. The firm is scheduled to issue its next quarterly earnings results before the market opens on Wednesday, February 7th.

On average, analysts expect that Ball will report full year earnings of $1.95 per share for the current year, with EPS estimates ranging from $1.92 to $1.97. For the next year, analysts expect that the business will report earnings of $2.24 per share, with EPS estimates ranging from $1.92 to $2.53. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for Ball.

Ball (NYSE:BLL) last announced 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 net margin of 2.13% and a return on equity of 18.31%. The company had revenue of $2.91 billion for the quarter, compared to analysts’ expectations of $2.91 billion. During the same period in the previous year, the firm posted $0.48 earnings per share. The business’s revenue for the quarter was up 5.7% on a year-over-year basis.

A number of research analysts recently commented on the stock. KeyCorp reaffirmed a “hold” rating on shares of Ball in a research report on Thursday, November 2nd. Zacks Investment Research downgraded shares of Ball from a “hold” rating to a “sell” rating in a research report on Monday, October 16th. UBS Group assumed coverage on shares of Ball in a research report on Monday, October 23rd. They set a “buy” rating and a $50.00 price objective on the stock. Robert W. Baird reaffirmed a “buy” rating and set a $45.00 price objective on shares of Ball in a research report on Thursday, October 12th. Finally, Royal Bank of Canada assumed coverage on shares of Ball in a research report on Monday, October 9th. They set an “outperform” rating and a $46.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $45.00.

In other Ball news, COO James N. Peterson sold 1,349 shares of the business’s stock in a transaction that occurred on Wednesday, December 20th. The shares were sold at an average price of $38.05, for a total value of $51,329.45. Following the completion of the sale, the chief operating officer now directly owns 38,008 shares of the company’s stock, valued at $1,446,204.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Scott C. Morrison sold 2,591 shares of the business’s stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $38.62, for a total transaction of $100,064.42. Following the completion of the sale, the vice president now directly owns 390,052 shares of the company’s stock, valued at $15,063,808.24. The disclosure for this sale can be found here. Insiders sold 21,936 shares of company stock valued at $873,238 over the last three months. Insiders own 2.70% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the business. Franklin Resources Inc. lifted its stake in shares of Ball by 100.0% in the second quarter. Franklin Resources Inc. now owns 27,700 shares of the industrial products company’s stock worth $1,169,000 after buying an additional 13,850 shares during the last quarter. Riverhead Capital Management LLC lifted its stake in shares of Ball by 82.5% in the second quarter. Riverhead Capital Management LLC now owns 5,684 shares of the industrial products company’s stock worth $240,000 after buying an additional 2,570 shares during the last quarter. Teachers Advisors LLC lifted its stake in shares of Ball by 122.7% in the second quarter. Teachers Advisors LLC now owns 502,018 shares of the industrial products company’s stock worth $21,190,000 after buying an additional 276,563 shares during the last quarter. Nationwide Fund Advisors lifted its stake in shares of Ball by 100.0% in the second quarter. Nationwide Fund Advisors now owns 99,976 shares of the industrial products company’s stock worth $4,220,000 after buying an additional 49,988 shares during the last quarter. Finally, Profund Advisors LLC lifted its stake in shares of Ball by 83.5% in the second quarter. Profund Advisors LLC now owns 7,815 shares of the industrial products company’s stock worth $330,000 after buying an additional 3,555 shares during the last quarter. 89.51% of the stock is owned by institutional investors.

Ball (NYSE:BLL) opened at $38.72 on Friday. Ball has a 1 year low of $35.65 and a 1 year high of $43.24. The company has a market cap of $13,578.66, a P/E ratio of 60.50, a P/E/G ratio of 3.16 and a beta of 0.96. The company has a current ratio of 1.04, a quick ratio of 0.66 and a debt-to-equity ratio of 1.95.

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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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Earnings History and Estimates for Ball (NYSE:BLL)

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