Berry Global Group (NYSE:BERY) Issues Earnings Results, Beats Estimates By $0.37 EPS


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Berry Global Group (NYSE:BERY) posted its earnings results on Thursday. The industrial products company reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.22 by $0.37, MarketWatch Earnings reports. Berry Global Group had a return on equity of 32.39% and a net margin of 5.06%.

BERY traded down $0.65 during trading on Friday, reaching $54.50. 6,345 shares of the company’s stock were exchanged, compared to its average volume of 1,472,671. The company has a market capitalization of $7.31 billion, a P/E ratio of 12.51, a PEG ratio of 1.07 and a beta of 1.36. The company has a quick ratio of 1.27, a current ratio of 1.93 and a debt-to-equity ratio of 5.72. The business has a 50 day moving average price of $50.03 and a 200 day moving average price of $47.82. Berry Global Group has a fifty-two week low of $25.00 and a fifty-two week high of $57.94.

Several brokerages recently weighed in on BERY. Jefferies Financial Group lifted their price objective on shares of Berry Global Group from $57.00 to $60.00 and gave the company a “buy” rating in a research report on Monday, August 3rd. JPMorgan Chase & Co. increased their price objective on Berry Global Group from $59.00 to $65.00 and gave the stock an “overweight” rating in a report on Friday, August 21st. BMO Capital Markets lifted their target price on Berry Global Group from $52.00 to $60.00 and gave the company an “outperform” rating in a research note on Monday, August 3rd. They noted that the move was a valuation call. Deutsche Bank Aktiengesellschaft increased their price target on Berry Global Group from $62.00 to $70.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Wells Fargo & Company lifted their price objective on shares of Berry Global Group from $56.00 to $64.00 in a research note on Monday, August 3rd. One analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have assigned a buy rating to the company’s stock. Berry Global Group currently has a consensus rating of “Buy” and an average target price of $61.31.

About Berry Global Group

Berry Global Group, Inc manufactures and supplies non-woven, flexible, and rigid products. Its Consumer Packaging International segment offers narrow neck blow molded and injection-stretch molded packaging solutions; injection molded and thermoformed pails, jars, and tubs; closures, dispensing systems, and applicators; inhalers and dose counters; polythene films; and molds and molded components, as well as recycles rigid and flexible end of life materials from industrial and consumer sources.

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Earnings History for Berry Global Group (NYSE:BERY)

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