Ball Co. (NYSE:BLL) Expected to Announce Earnings of $0.65 Per Share

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Wall Street analysts forecast that Ball Co. (NYSE:BLL) will announce earnings per share of $0.65 for the current quarter, Zacks reports. Five analysts have made estimates for Ball’s earnings, with the highest EPS estimate coming in at $0.68 and the lowest estimate coming in at $0.63. Ball reported earnings of $0.58 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 12.1%. The firm is scheduled to issue its next earnings results on Thursday, August 1st.

On average, analysts expect that Ball will report full-year earnings of $2.61 per share for the current financial year, with EPS estimates ranging from $2.54 to $2.65. For the next fiscal year, analysts forecast that the firm will report earnings of $3.04 per share, with EPS estimates ranging from $2.72 to $3.20. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Ball.

Ball (NYSE:BLL) last announced its quarterly earnings data on Thursday, May 2nd. The industrial products company reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.01). Ball had a net margin of 3.83% and a return on equity of 20.39%. The firm had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.66 billion. During the same period last year, the business earned $0.50 EPS. The business’s revenue was up .0% on a year-over-year basis.

Several analysts recently commented on BLL shares. BMO Capital Markets lifted their target price on shares of Ball from $55.00 to $60.00 and gave the stock an “outperform” rating in a report on Wednesday, February 13th. They noted that the move was a valuation call. UBS Group downgraded shares of Ball from a “buy” rating to a “neutral” rating and set a $58.00 target price for the company. in a report on Friday, February 15th. Wells Fargo & Co lifted their target price on shares of Ball from $56.00 to $60.00 and gave the stock an “outperform” rating in a report on Thursday, February 21st. Citigroup lifted their target price on shares of Ball from $61.00 to $68.00 and gave the stock a “buy” rating in a report on Friday, April 5th. Finally, Zacks Investment Research downgraded shares of Ball from a “hold” rating to a “sell” rating in a report on Thursday, April 11th. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $56.93.

In other news, Chairman John A. Hayes sold 9,247 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $65.19, for a total value of $602,811.93. Following the completion of the transaction, the chairman now directly owns 439,485 shares in the company, valued at approximately $28,650,027.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Daniel William Fisher sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $66.14, for a total transaction of $330,700.00. Following the completion of the transaction, the chief operating officer now owns 34,045 shares of the company’s stock, valued at $2,251,736.30. The disclosure for this sale can be found here. Insiders sold a total of 41,655 shares of company stock valued at $2,597,872 in the last three months. Insiders own 1.80% of the company’s stock.

Several large investors have recently modified their holdings of the company. Global Retirement Partners LLC boosted its stake in Ball by 281.1% during the fourth quarter. Global Retirement Partners LLC now owns 644 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 475 shares in the last quarter. Massey Quick Simon & CO. LLC purchased a new position in Ball in the 1st quarter worth about $30,000. Pearl River Capital LLC purchased a new position in Ball in the 1st quarter worth about $30,000. Rockefeller Capital Management L.P. purchased a new position in Ball in the 1st quarter worth about $35,000. Finally, Oregon Public Employees Retirement Fund raised its position in Ball by 4,406.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,720,250 shares of the industrial products company’s stock worth $37,000 after buying an additional 1,682,073 shares during the last quarter. Institutional investors own 82.33% of the company’s stock.

Shares of BLL traded down $0.60 during midday trading on Monday, reaching $66.00. The stock had a trading volume of 8,441 shares, compared to its average volume of 2,273,763. Ball has a one year low of $34.71 and a one year high of $66.79. The company has a market cap of $22.24 billion, a PE ratio of 29.95, a price-to-earnings-growth ratio of 4.63 and a beta of 0.74. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.09 and a quick ratio of 0.77.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be issued a $0.15 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $0.60 dividend on an annualized basis and a yield of 0.91%. This is an increase from Ball’s previous quarterly dividend of $0.10. Ball’s payout ratio is currently 27.27%.

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.

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