Ball Co. (BLL) Expected to Post Earnings of $0.52 Per Share

Brokerages expect Ball Co. (NYSE:BLL) to post $0.52 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Ball’s earnings. The lowest EPS estimate is $0.49 and the highest is $0.54. Ball posted earnings of $0.44 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 18.2%. The company is expected to announce its next 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 financial year, with EPS estimates ranging from $1.92 to $1.97. For the next year, analysts forecast that the company will report earnings of $2.24 per share, with EPS estimates ranging from $1.92 to $2.53. Zacks’ EPS averages are a mean average based on a survey of research analysts that that provide coverage for Ball.

Ball (NYSE:BLL) last announced its earnings results on Thursday, November 2nd. The industrial products company reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.07). Ball had a net margin of 2.13% and a return on equity of 18.31%. The business had revenue of $2.91 billion during the quarter, compared to analysts’ expectations of $2.91 billion. During the same period in the previous year, the company posted $0.48 earnings per share. Ball’s quarterly revenue was up 5.7% on a year-over-year basis.

BLL has been the subject of a number of research reports. Zacks Investment Research cut shares of Ball from a “buy” rating to a “hold” rating in a report on Tuesday, October 10th. Robert W. Baird upped their target price on shares of Ball from $45.00 to $47.00 and gave the company a “neutral” rating in a report on Friday, November 3rd. Royal Bank of Canada initiated coverage on shares of Ball in a report on Monday, October 9th. They issued an “outperform” rating and a $46.00 target price for the company. KeyCorp cut shares of Ball from a “sector weight” rating to an “underweight” rating and reduced their target price for the company from $40.81 to $36.00 in a report on Friday, December 8th. They noted that the move was a valuation call. Finally, Vertical Research raised shares of Ball from a “hold” rating to a “buy” rating and set a $44.00 target price for the company 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, six have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $45.00.

Shares of 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 quick ratio of 0.66, a current ratio of 1.04 and a debt-to-equity ratio of 1.95. The company has a market cap of $13,578.66, a PE ratio of 60.50, a PEG ratio of 3.16 and a beta of 0.96.

In related news, Chairman John A. Hayes sold 5,695 shares of the stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $41.29, for a total transaction of $235,146.55. Following the completion of the transaction, the chairman now directly owns 407,973 shares of the company’s stock, valued at $16,845,205.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Scott C. Morrison sold 2,591 shares of the stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $38.62, for a total transaction of $100,064.42. Following the transaction, 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 have sold 21,936 shares of company stock valued at $873,238 over the last three months. 2.70% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC raised its holdings in Ball by 5,297.8% during the second quarter. Tower Research Capital LLC TRC now owns 2,483 shares of the industrial products company’s stock worth $104,000 after purchasing an additional 2,437 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its holdings in Ball by 63.0% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 3,881 shares of the industrial products company’s stock worth $147,000 after purchasing an additional 1,500 shares in the last quarter. Howe & Rusling Inc. purchased a new position in Ball during the third quarter worth about $182,000. Dai Ichi Life Insurance Company Ltd purchased a new position in Ball during the third quarter worth about $209,000. Finally, DF Dent & Co. Inc. purchased a new position in Ball during the third quarter worth about $224,000. 89.51% of the stock is owned by hedge funds and other institutional investors.

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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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