Analysts Issue Forecasts for BERY FY2027 Earnings

Berry Global Group, Inc. (NYSE:BERY) – Equities research analysts at Zacks Research issued their FY2027 EPS estimates for shares of Berry Global Group in a research note issued to investors on Tuesday, December 10th. Zacks Research analyst S. Roy expects that the industrial products company will post earnings of $7.34 per share for the year. The consensus estimate for Berry Global Group’s current full-year earnings is $6.75 per share.

A number of other research firms also recently weighed in on BERY. Barclays lifted their price target on shares of Berry Global Group from $64.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 27th. JPMorgan Chase & Co. restated an “overweight” rating and set a $76.00 price target (up previously from $70.00) on shares of Berry Global Group in a research note on Monday, November 25th. UBS Group cut Berry Global Group from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $82.00 to $75.00 in a report on Friday, November 22nd. Royal Bank of Canada boosted their price target on Berry Global Group from $69.00 to $73.00 and gave the company a “sector perform” rating in a research note on Thursday, November 21st. Finally, StockNews.com started coverage on Berry Global Group in a research report on Wednesday. They issued a “buy” rating on the stock. Nine equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Berry Global Group has a consensus rating of “Hold” and an average target price of $73.73.

Berry Global Group Stock Down 1.0 %

BERY stock opened at $68.77 on Wednesday. Berry Global Group has a twelve month low of $54.06 and a twelve month high of $73.31. The company has a quick ratio of 0.80, a current ratio of 1.25 and a debt-to-equity ratio of 2.08. The company has a market cap of $7.92 billion, a PE ratio of 15.67, a price-to-earnings-growth ratio of 1.39 and a beta of 1.14. The business’s 50-day simple moving average is $68.97 and its 200 day simple moving average is $65.38.

Berry Global Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be issued a dividend of $0.31 per share. This is an increase from Berry Global Group’s previous quarterly dividend of $0.28. The ex-dividend date is Monday, December 2nd. This represents a $1.24 annualized dividend and a yield of 1.80%. Berry Global Group’s dividend payout ratio is currently 28.25%.

Insider Activity

In other news, Director Evan Bayh sold 14,000 shares of the stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $70.13, for a total value of $981,820.00. Following the transaction, the director now owns 30,228 shares of the company’s stock, valued at $2,119,889.64. This represents a 31.65 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 4.00% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Franklin Resources Inc. raised its position in shares of Berry Global Group by 1.2% during the third quarter. Franklin Resources Inc. now owns 313,329 shares of the industrial products company’s stock worth $21,711,000 after purchasing an additional 3,744 shares during the period. Tidal Investments LLC boosted its holdings in shares of Berry Global Group by 71.0% in the third quarter. Tidal Investments LLC now owns 31,325 shares of the industrial products company’s stock valued at $2,129,000 after buying an additional 13,004 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of Berry Global Group during the third quarter worth $463,000. Sanctuary Advisors LLC bought a new stake in shares of Berry Global Group during the third quarter worth $389,000. Finally, Hohimer Wealth Management LLC acquired a new stake in shares of Berry Global Group during the third quarter worth $367,000. Institutional investors and hedge funds own 95.36% of the company’s stock.

About Berry Global Group

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.