Ball (BLL) to Release Quarterly Earnings on Thursday

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Ball (NYSE:BLL) is scheduled to announce its earnings results before the market opens on Thursday, May 2nd. Analysts expect the company to announce earnings of $0.50 per share for the quarter. Ball has set its guidance at EPS.

Ball (NYSE:BLL) last posted its quarterly earnings data on Thursday, January 31st. The industrial products company reported $0.55 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.56 by ($0.01). Ball had a net margin of 3.90% and a return on equity of 20.08%. The company had revenue of $2.80 billion for the quarter, compared to analysts’ expectations of $2.68 billion. On average, analysts expect Ball to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

BLL stock opened at $58.90 on Thursday. Ball has a twelve month low of $34.71 and a twelve month high of $59.63. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.65 and a current ratio of 0.96. The stock has a market cap of $19.90 billion, a PE ratio of 26.77, a P/E/G ratio of 4.07 and a beta of 0.83.

Ball declared that its board has authorized a share buyback plan on Wednesday, January 23rd that authorizes the company to buyback 50,000,000 outstanding shares. This buyback authorization authorizes the industrial products company to purchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be given a dividend of $0.15 per share. This is a boost from Ball’s previous quarterly dividend of $0.10. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.02%. Ball’s payout ratio is presently 18.18%.

Several analysts recently issued reports on the company. Zacks Investment Research raised Ball from a “sell” rating to a “hold” rating in a research note on Monday. Citigroup lifted their target price on Ball from $61.00 to $68.00 and gave the company a “buy” rating in a research note on Friday, April 5th. BMO Capital Markets downgraded Ball from an “outperform” rating to a “market perform” rating and set a $58.10 target price on the stock. in a research note on Monday, April 8th. They noted that the move was a valuation call. Morgan Stanley lifted their target price on Ball from $55.00 to $63.00 and gave the company an “overweight” rating in a research note on Wednesday, April 17th. Finally, UBS Group downgraded Ball from a “buy” rating to a “neutral” rating and set a $58.00 target price on the stock. in a research note on Friday, February 15th. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $55.59.

In other Ball news, Chairman John A. Hayes sold 91,701 shares of Ball stock in a transaction that occurred on Wednesday, February 13th. The stock was sold at an average price of $55.20, for a total value of $5,061,895.20. Following the sale, the chairman now owns 467,844 shares of the company’s stock, valued at approximately $25,824,988.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman John A. Hayes sold 9,100 shares of Ball stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $57.97, for a total value of $527,527.00. Following the completion of the sale, the chairman now directly owns 468,115 shares in the company, valued at approximately $27,136,626.55. The disclosure for this sale can be found here. In the last ninety days, insiders sold 137,399 shares of company stock worth $7,566,622. Corporate insiders own 1.80% of the company’s stock.

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Ball Company Profile

Ball Corp. provides metal packaging for beverages, foods and household products, and of aerospace and other technologies and services to commercial and governmental customers. It operates through the following business segments: Beverage Packaging, North and Central America; Beverage Packaging, South America; Beverage Packaging, Europe; Food and Aerosol Packaging; and Aerospace.

Read More: Why is cost of goods sold important?

Earnings History for Ball (NYSE:BLL)

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