Berry Global Group (NYSE:BERY – Get Rating) issued an update on its FY22 earnings guidance on Thursday morning. The company provided EPS guidance of $7.20-7.70 for the period, compared to the Thomson Reuters consensus EPS estimate of $7.23.
Shares of NYSE:BERY opened at $59.76 on Thursday. The company has a debt-to-equity ratio of 2.86, a quick ratio of 0.99 and a current ratio of 1.76. The firm has a market cap of $8.09 billion, a PE ratio of 11.43, a price-to-earnings-growth ratio of 0.79 and a beta of 1.26. The firm’s 50 day simple moving average is $57.91 and its 200-day simple moving average is $64.56. Berry Global Group has a one year low of $52.54 and a one year high of $74.73.
Berry Global Group (NYSE:BERY – Get Rating) last released its quarterly earnings data on Thursday, February 3rd. The industrial products company reported $1.25 EPS for the quarter, missing the consensus estimate 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 firm had revenue of $3.57 billion for the quarter, compared to analysts’ expectations of $3.43 billion. During the same quarter in the previous year, the business earned $1.12 earnings per share. The company’s revenue for the quarter was up 13.9% compared to the same quarter last year. Equities research analysts predict that Berry Global Group will post 7.21 EPS for the current fiscal year.
Large investors have recently bought and sold shares of the company. Neo Ivy Capital Management acquired a new position in shares of Berry Global Group in the fourth quarter valued at about $71,000. Metropolitan Life Insurance Co NY purchased a new stake in Berry Global Group in the fourth quarter valued at approximately $199,000. Camden Capital LLC acquired a new position in Berry Global Group in the 4th quarter worth approximately $203,000. Forum Financial Management LP acquired a new position in Berry Global Group in the 4th quarter worth approximately $211,000. Finally, Canada Pension Plan Investment Board raised its position in Berry Global Group by 43.7% during the 4th quarter. Canada Pension Plan Investment Board now owns 5,740 shares of the industrial products company’s stock worth $423,000 after buying an additional 1,745 shares during the last quarter. Institutional investors and hedge funds own 95.74% of the company’s stock.
About Berry Global Group (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.
- Get a free copy of the StockNews.com research report on Berry Global Group (BERY)
- World Wresting Entertainment Stock is Hulking Up
- High-Yield Weyco Group Returns To Reasonable Levels
- MarketBeat Podcast: Alternative Investing Strategies Despite Market Volatility
- Limelight Networks Stock is a Speculative Turnaround Opportunity
- The Selloff In SiteOne Landscape Supply Is Overextended
Receive News & Ratings for Berry Global Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Berry Global Group and related companies with MarketBeat.com's FREE daily email newsletter.