Brokers Set Expectations for Ball Co.’s Q1 2018 Earnings (BLL)

Ball Co. (NYSE:BLL) – Equities research analysts at KeyCorp issued their Q1 2018 earnings per share (EPS) estimates for shares of Ball in a report issued on Sunday. KeyCorp analyst A. Josephson anticipates that the industrial products company will earn $0.44 per share for the quarter. KeyCorp currently has a “Sector Weight” rating on the stock. KeyCorp also issued estimates for Ball’s Q2 2018 earnings at $0.58 EPS, Q3 2018 earnings at $0.61 EPS, Q4 2018 earnings at $0.63 EPS and FY2019 earnings at $2.38 EPS.

A number of other research analysts have also weighed in on BLL. Zacks Investment Research lowered Ball from a “hold” rating to a “sell” rating in a report on Monday, October 16th. UBS Group initiated coverage on Ball in a report on Monday, October 23rd. They issued a “buy” rating and a $50.00 target price on the stock. Robert W. Baird raised 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. BMO Capital Markets upgraded Ball from a “market perform” rating to an “outperform” rating and set a $48.00 target price on the stock in a report on Monday, December 4th. Finally, Vertical Research upgraded Ball from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a report on Friday, December 15th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $45.21.

Ball (BLL) opened at $37.53 on Tuesday. Ball has a fifty-two week low of $35.60 and a fifty-two week high of $43.24. The company has a quick ratio of 0.55, a current ratio of 0.92 and a debt-to-equity ratio of 1.60. The firm has a market capitalization of $13,256.61, a P/E ratio of 33.51, a PEG ratio of 3.05 and a beta of 0.97.

Ball (NYSE:BLL) last announced its quarterly earnings results on Wednesday, February 7th. The industrial products company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.08. Ball had a return on equity of 19.20% and a net margin of 3.63%. The business had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.64 billion. During the same quarter in the prior year, the company earned $0.44 earnings per share. The company’s quarterly revenue was up 8.9% on a year-over-year basis.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $0.40 dividend on an annualized basis and a yield of 1.07%. Ball’s dividend payout ratio (DPR) is currently 35.71%.

In related news, Chairman John A. Hayes sold 5,519 shares of Ball stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $40.74, for a total transaction of $224,844.06. Following the sale, the chairman now directly owns 408,451 shares in the company, valued at $16,640,293.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO James N. Peterson sold 1,349 shares of Ball stock in a transaction on Wednesday, December 20th. The stock was sold at an average price of $38.05, for a total value of $51,329.45. Following the sale, the chief operating officer now owns 38,008 shares in the company, valued at $1,446,204.40. The disclosure for this sale can be found here. Insiders have sold 16,241 shares of company stock worth $638,091 over the last quarter. 2.70% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC purchased a new stake in Ball in the fourth quarter worth $121,000. Calton & Associates Inc. purchased a new stake in Ball in the fourth quarter worth $125,000. Benjamin F. Edwards & Company Inc. increased its position in Ball by 63.0% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 3,881 shares of the industrial products company’s stock worth $147,000 after buying an additional 1,500 shares during the last quarter. Dupont Capital Management Corp purchased a new stake in Ball in the fourth quarter worth $164,000. Finally, Howe & Rusling Inc. purchased a new stake in Ball in the third quarter worth $182,000. Institutional investors and hedge funds own 89.08% of the company’s stock.

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About Ball

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 (NYSE:BLL)

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