Zacks Research Weighs in on Berry Global Group, Inc.’s Q4 2024 Earnings (NYSE:BERY)

Berry Global Group, Inc. (NYSE:BERYFree Report) – Zacks Research cut their Q4 2024 EPS estimates for Berry Global Group in a research note issued to investors on Thursday, May 30th. Zacks Research analyst S. Roy now expects that the industrial products company will post earnings of $2.18 per share for the quarter, down from their previous forecast of $2.19. The consensus estimate for Berry Global Group’s current full-year earnings is $7.43 per share. Zacks Research also issued estimates for Berry Global Group’s Q3 2025 earnings at $2.19 EPS, Q4 2025 earnings at $2.60 EPS, FY2025 earnings at $8.13 EPS, Q2 2026 earnings at $2.02 EPS and FY2026 earnings at $8.61 EPS.

Other equities research analysts also recently issued reports about the stock. TheStreet downgraded shares of Berry Global Group from a “b-” rating to a “c+” rating in a report on Monday, February 26th. Truist Financial reissued a “hold” rating and issued a $68.00 price target (down from $75.00) on shares of Berry Global Group in a report on Wednesday, March 27th. Barclays cut their price target on shares of Berry Global Group from $67.00 to $64.00 and set an “equal weight” rating for the company in a report on Monday, February 12th. Wolfe Research began coverage on shares of Berry Global Group in a report on Friday, March 1st. They issued a “peer perform” rating for the company. Finally, StockNews.com raised shares of Berry Global Group from a “hold” rating to a “buy” rating in a research note on Tuesday, May 21st. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $72.60.

Check Out Our Latest Stock Report on BERY

Berry Global Group Stock Performance

Shares of BERY opened at $59.88 on Monday. The firm has a 50-day moving average price of $58.85 and a 200 day moving average price of $61.92. The firm has a market capitalization of $6.85 billion, a PE ratio of 14.22, a P/E/G ratio of 1.25 and a beta of 1.24. The company has a quick ratio of 1.01, a current ratio of 1.74 and a debt-to-equity ratio of 2.64. Berry Global Group has a 52-week low of $53.92 and a 52-week high of $69.93.

Berry Global Group (NYSE:BERYGet Free Report) last released its quarterly earnings results on Thursday, May 9th. The industrial products company reported $1.95 EPS for the quarter, topping the consensus estimate of $1.90 by $0.05. The business had revenue of $3.08 billion during the quarter, compared to analyst estimates of $3.16 billion. Berry Global Group had a net margin of 4.12% and a return on equity of 26.55%. The company’s quarterly revenue was down 6.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.96 earnings per share.

Institutional Investors Weigh In On Berry Global Group

Several institutional investors and hedge funds have recently made changes to their positions in the company. M&T Bank Corp raised its holdings in shares of Berry Global Group by 2.0% in the fourth quarter. M&T Bank Corp now owns 8,854 shares of the industrial products company’s stock valued at $597,000 after buying an additional 173 shares during the last quarter. Coombe Bender & Co LLC raised its holdings in shares of Berry Global Group by 3.3% in the third quarter. Coombe Bender & Co LLC now owns 6,225 shares of the industrial products company’s stock valued at $385,000 after buying an additional 196 shares during the last quarter. Louisiana State Employees Retirement System raised its holdings in shares of Berry Global Group by 0.6% in the first quarter. Louisiana State Employees Retirement System now owns 33,400 shares of the industrial products company’s stock valued at $2,020,000 after buying an additional 200 shares during the last quarter. State of Michigan Retirement System raised its holdings in shares of Berry Global Group by 0.7% in the first quarter. State of Michigan Retirement System now owns 28,500 shares of the industrial products company’s stock valued at $1,724,000 after buying an additional 200 shares during the last quarter. Finally, First Hawaiian Bank raised its holdings in shares of Berry Global Group by 11.2% in the first quarter. First Hawaiian Bank now owns 3,725 shares of the industrial products company’s stock valued at $225,000 after buying an additional 376 shares during the last quarter. Institutional investors and hedge funds own 95.36% of the company’s stock.

Insider Activity

In related news, Director Peter T. Thomas acquired 1,000 shares of the stock in a transaction dated Thursday, May 23rd. The shares were acquired at an average price of $59.50 per share, for a total transaction of $59,500.00. Following the completion of the purchase, the director now owns 4,407 shares in the company, valued at approximately $262,216.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Peter T. Thomas acquired 1,000 shares of the stock in a transaction dated Thursday, May 23rd. The shares were acquired at an average price of $59.50 per share, for a total transaction of $59,500.00. Following the completion of the purchase, the director now owns 4,407 shares in the company, valued at approximately $262,216.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Mark W. Miles sold 1,118 shares of Berry Global Group stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $60.29, for a total transaction of $67,404.22. Following the sale, the chief financial officer now owns 119,384 shares in the company, valued at approximately $7,197,661.36. The disclosure for this sale can be found here. Insiders own 4.00% of the company’s stock.

Berry Global Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be given a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date is Monday, June 3rd. Berry Global Group’s dividend payout ratio is 26.13%.

Berry Global Group Company Profile

(Get Free Report)

Berry Global Group, Inc manufactures and supplies non-woven, flexible, and rigid products in consumer and industrial end markets in the United States, Canada, Europe, and internationally. The company operates through Consumer Packaging International; Consumer Packaging North America; Engineered Materials; and Health, Hygiene & Specialties segments.

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Earnings History and Estimates for Berry Global Group (NYSE:BERY)

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