Ball (BALL) Set to Announce Quarterly Earnings on Friday

Ball (NYSE:BALL) is scheduled to be releasing its earnings data before the market opens on Friday, April 26th. Analysts expect Ball to post earnings of $0.56 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Ball (NYSE:BALL) last posted its quarterly earnings results on Thursday, February 1st. The company reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.01. Ball had a return on equity of 23.81% and a net margin of 5.04%. The company had revenue of $3.40 billion during the quarter, compared to the consensus estimate of $3.56 billion. During the same period last year, the business earned $0.44 EPS. The business’s quarterly revenue was down 4.1% on a year-over-year basis. On average, analysts expect Ball to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Ball Stock Up 0.6 %

BALL opened at $64.35 on Friday. The business has a 50-day moving average of $64.51 and a 200-day moving average of $57.19. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.79 and a quick ratio of 0.54. Ball has a fifty-two week low of $42.81 and a fifty-two week high of $67.97. The company has a market capitalization of $20.31 billion, a PE ratio of 28.73, a price-to-earnings-growth ratio of 4.10 and a beta of 0.89.

Ball Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date was Thursday, February 29th. Ball’s payout ratio is 35.71%.

Wall Street Analyst Weigh In

BALL has been the topic of a number of recent analyst reports. UBS Group initiated coverage on Ball in a research note on Tuesday, January 16th. They issued a “sell” rating and a $55.00 price objective on the stock. Truist Financial reaffirmed a “hold” rating and issued a $60.00 target price on shares of Ball in a report on Friday, April 12th. Citigroup began coverage on Ball in a report on Wednesday, March 27th. They set a “neutral” rating and a $70.00 price objective on the stock. Royal Bank of Canada raised Ball from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from $61.00 to $74.00 in a report on Tuesday, February 20th. Finally, Jefferies Financial Group lifted their price objective on Ball from $69.00 to $78.00 and gave the stock a “buy” rating in a report on Friday, March 22nd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $65.58.

Insider Activity

In other Ball news, insider Daniel William Fisher purchased 3,869 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The stock was acquired at an average cost of $64.56 per share, with a total value of $249,782.64. Following the completion of the acquisition, the insider now directly owns 111,866 shares of the company’s stock, valued at approximately $7,222,068.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.81% of the stock is owned by corporate insiders.

Institutional Trading of Ball

Several institutional investors and hedge funds have recently added to or reduced their stakes in BALL. Macquarie Group Ltd. acquired a new position in shares of Ball in the 3rd quarter valued at approximately $533,000. Commonwealth Equity Services LLC bought a new stake in Ball in the 3rd quarter valued at $1,319,000. First Trust Advisors LP bought a new stake in Ball in the 3rd quarter valued at $2,863,000. Pathstone Family Office LLC bought a new stake in Ball in the 3rd quarter valued at $621,000. Finally, Mercer Global Advisors Inc. ADV bought a new position in Ball during the 3rd quarter worth $1,181,000. 86.51% of the stock is owned by institutional investors.

Ball Company Profile

Ball Corporation supplies aluminum packaging products for the beverage, personal care, and household products industries in the United States, Brazil, and internationally. The company manufactures and sells aluminum beverage containers to fillers of carbonated soft drinks, beer, energy drinks, and other beverages.