Equities research analysts expect Ball Co. (NYSE:BLL) to report sales of $2.58 billion for the current quarter, Zacks reports. Five analysts have made estimates for Ball’s earnings, with estimates ranging from $2.53 billion to $2.66 billion. Ball reported sales of $2.47 billion during the same quarter last year, which would suggest a positive year over year growth rate of 4.5%. The firm is scheduled to report its next quarterly earnings report on Thursday, May 3rd.
On average, analysts expect that Ball will report full year sales of $2.58 billion for the current fiscal year, with estimates ranging from $11.24 billion to $11.53 billion. For the next financial year, analysts expect that the business will report sales of $11.55 billion per share, with estimates ranging from $11.27 billion to $11.86 billion. Zacks’ sales averages are an average based on a survey of research analysts that follow Ball.
Ball (NYSE:BLL) last issued its quarterly earnings data on Wednesday, February 7th. The industrial products company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.52 by $0.08. The firm had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.64 billion. Ball had a return on equity of 19.24% and a net margin of 3.63%. The company’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.44 earnings per share.
In other Ball news, COO Daniel William Fisher purchased 9,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The stock was purchased at an average price of $40.10 per share, for a total transaction of $360,900.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO James N. Peterson sold 1,349 shares of the stock in a transaction on Wednesday, December 20th. The stock was sold at an average price of $38.05, for a total transaction of $51,329.45. Following the sale, the chief operating officer now owns 38,008 shares of the company’s stock, valued at approximately $1,446,204.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 47,677 shares of company stock valued at $1,867,290. Company insiders own 2.70% of the company’s stock.
A number of large investors have recently modified their holdings of BLL. New Mexico Educational Retirement Board increased its stake in Ball by 4.0% during the fourth quarter. New Mexico Educational Retirement Board now owns 33,828 shares of the industrial products company’s stock valued at $1,280,000 after purchasing an additional 1,300 shares during the last quarter. Chartwell Investment Partners LLC raised its holdings in shares of Ball by 5.0% during the 3rd quarter. Chartwell Investment Partners LLC now owns 30,939 shares of the industrial products company’s stock worth $1,277,000 after buying an additional 1,485 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its holdings in shares of Ball by 63.0% during the 4th 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 in the last quarter. Meadow Creek Investment Management LLC raised its holdings in shares of Ball by 9.8% during the 4th quarter. Meadow Creek Investment Management LLC now owns 16,968 shares of the industrial products company’s stock worth $642,000 after buying an additional 1,512 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its holdings in shares of Ball by 5.1% during the 3rd quarter. Janney Montgomery Scott LLC now owns 31,447 shares of the industrial products company’s stock worth $1,299,000 after buying an additional 1,524 shares in the last quarter. Hedge funds and other institutional investors own 87.86% of the company’s stock.
Ball (NYSE:BLL) traded down $0.36 on Wednesday, hitting $41.26. The stock had a trading volume of 164,925 shares, compared to its average volume of 3,419,146. The stock has a market capitalization of $14,595.91, a P/E ratio of 20.52, a P/E/G ratio of 3.29 and a beta of 0.88. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.54 and a current ratio of 0.92. Ball has a 1 year low of $35.60 and a 1 year high of $43.24.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.97%. The ex-dividend date is Wednesday, February 28th. Ball’s payout ratio is 35.71%.
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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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