$1.79 EPS Expected for Berry Global Group, Inc. (NYSE:BERY) This Quarter

Wall Street analysts expect Berry Global Group, Inc. (NYSE:BERYGet Rating) to post earnings per share (EPS) of $1.79 for the current fiscal quarter, Zacks reports. Seven analysts have issued estimates for Berry Global Group’s earnings, with the lowest EPS estimate coming in at $1.76 and the highest estimate coming in at $1.83. Berry Global Group posted earnings per share of $1.59 during the same quarter last year, which indicates a positive year-over-year growth rate of 12.6%. The company is expected to issue its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that Berry Global Group will report full year earnings of $7.27 per share for the current financial year, with EPS estimates ranging from $7.10 to $7.40. For the next fiscal year, analysts forecast that the company will post earnings of $7.95 per share, with EPS estimates ranging from $7.37 to $8.75. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow Berry Global Group.

Berry Global Group (NYSE:BERYGet Rating) last posted its earnings results on Thursday, February 3rd. The industrial products company reported $1.25 earnings per share for the quarter, missing the consensus estimate of $1.38 by ($0.13). The business had revenue of $3.57 billion for the quarter, compared to analysts’ expectations of $3.43 billion. Berry Global Group had a return on equity of 28.70% and a net margin of 5.07%. Berry Global Group’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.12 EPS.

BERY has been the subject of several recent analyst reports. Citigroup lowered their price target on Berry Global Group from $90.00 to $87.00 in a report on Friday, April 8th. Morgan Stanley boosted their target price on shares of Berry Global Group from $71.00 to $79.00 and gave the company an “equal weight” rating in a research note on Thursday, January 20th. StockNews.com started coverage on shares of Berry Global Group in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Credit Suisse Group began coverage on shares of Berry Global Group in a research note on Friday, January 28th. They issued a “hold” rating and a $78.00 price objective on the stock. Finally, UBS Group dropped their price target on Berry Global Group from $85.00 to $84.00 and set a “buy” rating on the stock in a research report on Tuesday, January 4th. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $79.33.

Several large investors have recently modified their holdings of the company. Astrantus Ltd bought a new stake in Berry Global Group in the 4th quarter worth about $566,000. Wellington Management Group LLP purchased a new stake in shares of Berry Global Group during the 3rd quarter valued at about $311,000. Van ECK Associates Corp bought a new stake in Berry Global Group in the fourth quarter worth $26,000. ING Groep NV bought a new position in shares of Berry Global Group during the third quarter valued at approximately $852,000. Finally, Community Capital Management LLC boosted its holdings in shares of Berry Global Group by 87.0% in the fourth quarter. Community Capital Management LLC now owns 21,500 shares of the industrial products company’s stock valued at $1,586,000 after purchasing an additional 10,000 shares during the period. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE BERY traded up $0.53 during midday trading on Wednesday, hitting $56.99. The company had a trading volume of 27,093 shares, compared to its average volume of 1,019,637. Berry Global Group has a twelve month low of $52.54 and a twelve month high of $74.73. The company has a quick ratio of 0.99, a current ratio of 1.76 and a debt-to-equity ratio of 2.86. The business has a 50-day simple moving average of $59.49 and a two-hundred day simple moving average of $65.04. The firm has a market capitalization of $7.71 billion, a price-to-earnings ratio of 10.90, a price-to-earnings-growth ratio of 0.78 and a beta of 1.33.

Berry Global Group Company Profile (Get Rating)

Berry Global Group, Inc manufactures and supplies non-woven, flexible, and rigid products in consumer and industrial end markets. The company operates through Consumer Packaging International; Consumer Packaging North America; Engineered Materials; and Health, Hygiene & Specialties segments. The Consumer Packaging International segment offers closures and dispensing systems, pharmaceutical devices and packaging, bottles and canisters, containers, and technical components.

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