Somewhat Positive Media Coverage Somewhat Unlikely to Impact Ball (BLL) Share Price

Media stories about Ball (NYSE:BLL) have been trending somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Ball earned a daily sentiment score of 0.17 on Accern’s scale. Accern also gave news coverage about the industrial products company an impact score of 46.9847907210324 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

Here are some of the media stories that may have impacted Accern Sentiment’s analysis:

NYSE BLL traded up $0.21 on Thursday, hitting $40.43. 2,254,546 shares of the stock were exchanged, compared to its average volume of 3,021,679. The company has a quick ratio of 0.54, a current ratio of 0.92 and a debt-to-equity ratio of 1.61. The firm has a market capitalization of $14,073.75, a price-to-earnings ratio of 19.82, a PEG ratio of 3.17 and a beta of 0.85. Ball has a 52-week low of $35.60 and a 52-week high of $43.24.

Ball (NYSE:BLL) last posted 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 company had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.64 billion. Ball had a net margin of 3.63% and a return on equity of 19.24%. Ball’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.44 earnings per share. equities research analysts anticipate that Ball will post 2.3 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 15th. Shareholders of record on Friday, June 1st will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.99%. The ex-dividend date is Thursday, May 31st. Ball’s payout ratio is 19.61%.

Ball declared that its board has approved a stock repurchase program on Wednesday, April 25th that permits the company to buyback 25,000,000 shares. This buyback authorization permits the industrial products company to repurchase shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Several equities research analysts recently weighed in on the stock. Zacks Investment Research cut shares of Ball from a “buy” rating to a “hold” rating in a research report on Friday, April 13th. ValuEngine cut shares of Ball from a “hold” rating to a “sell” rating in a research report on Monday, April 2nd. TheStreet upgraded shares of Ball from a “c+” rating to a “b-” rating in a research report on Tuesday, March 6th. KeyCorp upgraded shares of Ball from an “underweight” rating to a “sector weight” rating in a research report on Monday, February 12th. Finally, JPMorgan Chase restated an “overweight” rating and issued a $48.00 price target (up previously from $47.00) on shares of Ball in a research report on Thursday, February 8th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the stock. Ball currently has a consensus rating of “Hold” and an average price target of $45.38.

In other news, SVP Lisa Ann Pauley sold 7,017 shares of the business’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $38.89, for a total transaction of $272,891.13. Following the completion of the sale, the senior vice president now directly owns 122,208 shares of the company’s stock, valued at $4,752,669.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Scott C. Morrison sold 2,194 shares of the business’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $39.29, for a total transaction of $86,202.26. Following the sale, the vice president now directly owns 408,024 shares of the company’s stock, valued at $16,031,262.96. The disclosure for this sale can be found here. Insiders have sold 41,408 shares of company stock valued at $1,634,544 over the last ninety days. 2.70% of the stock is owned by insiders.

Ball Company Profile

Ball Corporation supplies metal packaging products to the beverage, food, personal care, and household products industries. It operates in five segments: Beverage Packaging, North and Central America; Beverage Packaging, South America; Beverage Packaging, Europe; Food and Aerosol Packaging; and Aerospace.

Insider Buying and Selling by Quarter for Ball (NYSE:BLL)

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