Ball Corporation (BLL) Expected to Announce Quarterly Sales of $2.92 Billion

Wall Street analysts predict that Ball Corporation (NYSE:BLL) will post $2.92 billion in sales for the current fiscal quarter, according to Zacks. Six analysts have made estimates for Ball Corporation’s earnings. The highest sales estimate is $2.96 billion and the lowest is $2.88 billion. Ball Corporation posted sales of $2.82 billion in the same quarter last year, which would indicate a positive year over year growth rate of 3.5%. The firm is scheduled to announce its next earnings report on Thursday, November 2nd.

According to Zacks, analysts expect that Ball Corporation will report full year sales of $2.92 billion for the current year, with estimates ranging from $10.79 billion to $11.03 billion. For the next year, analysts forecast that the company will post sales of $11.20 billion per share, with estimates ranging from $11.09 billion to $11.27 billion. Zacks’ sales averages are a mean average based on a survey of analysts that that provide coverage for Ball Corporation.

Ball Corporation (NYSE:BLL) last announced its quarterly earnings data on Thursday, August 3rd. The industrial products company reported $0.53 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.55 by $0.02. The business had revenue of $2.86 billion during the quarter, compared to analysts’ expectations of $2.81 billion. Ball Corporation had a return on equity of 17.54% and a net margin of 1.70%. Ball Corporation’s revenue for the quarter was up 40.6% compared to the same quarter last year. During the same quarter last year, the company posted $1.05 EPS.

Several equities analysts recently issued reports on the stock. Vertical Group reiterated a “hold” rating and issued a $43.00 target price (up from $41.50) on shares of Ball Corporation in a research note on Wednesday. Jefferies Group LLC restated a “buy” rating and set a $49.00 price objective (down from $50.00) on shares of Ball Corporation in a research report on Wednesday. Barclays PLC upped their price objective on shares of Ball Corporation from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Monday. BidaskClub cut shares of Ball Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Finally, Zacks Investment Research cut shares of Ball Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, July 20th. Nine investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $44.05.

COPYRIGHT VIOLATION WARNING: This news story was originally reported by Ticker Report and is owned by of Ticker Report. If you are accessing this news story on another website, it was copied illegally and republished in violation of US and international trademark and copyright legislation. The original version of this news story can be accessed at https://www.tickerreport.com/banking-finance/2796921/ball-corporation-bll-expected-to-announce-quarterly-sales-of-2-92-billion.html.

In other news, Director R David Hoover sold 22,000 shares of the stock in a transaction dated Friday, May 19th. The shares were sold at an average price of $39.75, for a total value of $874,500.00. Following the completion of the sale, the director now directly owns 205,260 shares in the company, valued at $8,159,085. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman John A. Hayes sold 5,655 shares of the stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $41.19, for a total transaction of $232,929.45. Following the completion of the sale, the chairman now owns 407,575 shares of the company’s stock, valued at $16,788,014.25. The disclosure for this sale can be found here. Insiders sold 117,654 shares of company stock valued at $4,839,833 over the last quarter. Company insiders own 2.70% of the company’s stock.

Several large investors have recently modified their holdings of BLL. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its stake in shares of Ball Corporation by 100.0% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 2,450 shares of the industrial products company’s stock worth $103,000 after buying an additional 1,225 shares during the period. American Research & Management Co. boosted its stake in shares of Ball Corporation by 100.0% in the second quarter. American Research & Management Co. now owns 2,800 shares of the industrial products company’s stock worth $118,000 after buying an additional 1,400 shares during the period. Pinnacle Bank acquired a new stake in shares of Ball Corporation during the first quarter worth approximately $126,000. Korea Investment CORP boosted its stake in shares of Ball Corporation by 385.5% in the second quarter. Korea Investment CORP now owns 3,083 shares of the industrial products company’s stock worth $130,000 after buying an additional 2,448 shares during the period. Finally, Ledyard National Bank boosted its stake in shares of Ball Corporation by 520.0% in the second quarter. Ledyard National Bank now owns 3,100 shares of the industrial products company’s stock worth $131,000 after buying an additional 2,600 shares during the period. Institutional investors and hedge funds own 46.59% of the company’s stock.

Shares of Ball Corporation (BLL) opened at 40.28 on Thursday. The stock has a market cap of $14.14 billion, a PE ratio of 29.97 and a beta of 0.95. The firm has a 50-day moving average of $41.99 and a 200-day moving average of $39.14. Ball Corporation has a one year low of $35.65 and a one year high of $43.06.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date is Wednesday, August 30th. Ball Corporation’s dividend payout ratio (DPR) is 78.43%.

About Ball Corporation

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.

Get a free copy of the Zacks research report on Ball Corporation (BLL)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Ball Corporation (NYSE:BLL)

Receive News & Ratings for Ball Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ball Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.