Q4 2022 EPS Estimates for Berry Global Group, Inc. Decreased by Analyst (NYSE:BERY)

Berry Global Group, Inc. (NYSE:BERY – Get Rating) – Equities researchers at Jefferies Financial Group lowered their Q4 2022 earnings per share (EPS) estimates for shares of Berry Global Group in a research report issued on Friday, May 6th. Jefferies Financial Group analyst P. Ng now expects that the industrial products company will post earnings of $2.11 per share for the quarter, down from their prior forecast of $2.20.

A number of other research analysts also recently issued reports on the company. Deutsche Bank Aktiengesellschaft dropped their price objective on Berry Global Group from $78.00 to $71.00 and set a “buy” rating on the stock in a research report on Monday, April 18th. Wells Fargo & Company decreased their price objective on shares of Berry Global Group from $82.00 to $79.00 and set an “overweight” rating for the company in a report on Thursday, April 7th. Morgan Stanley boosted their price objective on shares of Berry Global Group from $71.00 to $79.00 and gave the company an “equal weight” rating in a report on Thursday, January 20th. Zacks Investment Research lowered shares of Berry Global Group from a “buy” rating to a “hold” rating and set a $71.00 target price for the company. in a research report on Tuesday, February 1st. Finally, StockNews.com began coverage on shares of Berry Global Group in a research report on Thursday, March 31st. They set a “hold” rating for the company. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $77.36.

Shares of NYSE BERY opened at $59.27 on Monday. The firm’s 50 day moving average price is $57.80 and its 200-day moving average price is $64.47. Berry Global Group has a 52-week low of $52.54 and a 52-week high of $74.73. 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 company has a market cap of $8.02 billion, a PE ratio of 10.96, a P/E/G ratio of 0.79 and a beta of 1.26.

Berry Global Group (NYSE:BERY – Get Rating) last posted its quarterly earnings data on Thursday, May 5th. The industrial products company reported $1.93 earnings per share for the quarter, beating analysts’ consensus estimates of $1.79 by $0.14. The company had revenue of $3.78 billion during the quarter, compared to analyst estimates of $3.70 billion. Berry Global Group had a return on equity of 29.03% and a net margin of 5.09%. The firm’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter last year, the company earned $1.59 EPS.

Institutional investors and hedge funds have recently bought and sold shares of the business. Astrantus Ltd purchased a new position in shares of Berry Global Group in the fourth quarter worth $566,000. Wellington Management Group LLP purchased a new position in shares of Berry Global Group in the third quarter worth $311,000. Van ECK Associates Corp purchased a new position in shares of Berry Global Group in the fourth quarter worth $26,000. Community Capital Management LLC lifted 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 worth $1,586,000 after buying an additional 10,000 shares in the last quarter. Finally, CSS LLC IL lifted its holdings in shares of Berry Global Group by 48.9% in the third quarter. CSS LLC IL now owns 13,701 shares of the industrial products company’s stock worth $834,000 after buying an additional 4,500 shares in the last quarter. Institutional investors and hedge funds own 95.74% 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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