Berry Global Group (BERY) to Release Quarterly Earnings on Thursday

Berry Global Group (NYSE:BERY – Get Rating) is scheduled to be announcing its earnings results before the market opens on Thursday, May 5th. Analysts expect the company to announce earnings of $1.79 per share for the quarter. Berry Global Group has set its FY22 guidance at $7.20-7.70 EPS.Investors that are interested in participating in the company’s conference call can do so using this link.

Berry Global Group (NYSE:BERY – Get Rating) last issued its quarterly earnings data on Thursday, February 3rd. The industrial products company reported $1.25 EPS for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.13). Berry Global Group had a return on equity of 28.70% and a net margin of 5.07%. The company had revenue of $3.57 billion for the quarter, compared to the consensus estimate of $3.43 billion. During the same period in the prior year, the company earned $1.12 EPS. The firm’s revenue was up 13.9% compared to the same quarter last year. On average, analysts expect Berry Global Group to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Shares of NYSE:BERY opened at $56.53 on Thursday. Berry Global Group has a 12 month low of $52.54 and a 12 month high of $74.73. The company’s 50-day moving average price is $58.29 and its two-hundred day moving average price is $64.68. 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 firm has a market cap of $7.65 billion, a P/E ratio of 10.81, a P/E/G ratio of 0.82 and a beta of 1.33.

Several brokerages have recently issued reports on BERY. 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 target price on the stock. Zacks Investment Research lowered shares of Berry Global Group from a “buy” rating to a “hold” rating and set a $71.00 target price on the stock. in a research note on Tuesday, February 1st. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Berry Global Group from $78.00 to $71.00 and set a “buy” rating on the stock in a research note on Monday, April 18th. StockNews.com initiated coverage on shares of Berry Global Group in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Finally, Wells Fargo & Company reduced their price objective on shares of Berry Global Group from $82.00 to $79.00 and set an “overweight” rating on the stock in a research note on Thursday, April 7th. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Berry Global Group presently has a consensus rating of “Buy” and a consensus target price of $79.27.

Institutional investors have recently bought and sold shares of the company. Deutsche Bank AG boosted its stake in shares of Berry Global Group by 36.7% during the 4th quarter. Deutsche Bank AG now owns 312,787 shares of the industrial products company’s stock worth $23,078,000 after buying an additional 83,949 shares during the last quarter. Parametric Portfolio Associates LLC raised its holdings in shares of Berry Global Group by 16.2% in the 4th quarter. Parametric Portfolio Associates LLC now owns 231,258 shares of the industrial products company’s stock valued at $17,062,000 after purchasing an additional 32,176 shares during the period. Legal & General Group Plc raised its holdings in shares of Berry Global Group by 6.4% in the 4th quarter. Legal & General Group Plc now owns 121,282 shares of the industrial products company’s stock valued at $8,948,000 after purchasing an additional 7,272 shares during the period. Stifel Financial Corp raised its holdings in shares of Berry Global Group by 0.9% in the 4th quarter. Stifel Financial Corp now owns 73,452 shares of the industrial products company’s stock valued at $5,419,000 after purchasing an additional 645 shares during the period. Finally, LPL Financial LLC raised its holdings in shares of Berry Global Group by 18.7% in the 4th quarter. LPL Financial LLC now owns 17,789 shares of the industrial products company’s stock valued at $1,312,000 after purchasing an additional 2,807 shares during the period. Institutional investors own 95.14% of the company’s stock.

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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