Ball (NYSE:BALL) Releases Earnings Results, Beats Estimates By $0.04 EPS

Ball (NYSE:BALL) posted its earnings results on Thursday. The company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.04, Briefing.com reports. Ball had a net margin of 32.79% and a return on equity of 19.45%. The firm had revenue of $3.08 billion during the quarter, compared to analyst estimates of $3.13 billion. During the same period last year, the firm posted $0.83 earnings per share. Ball’s revenue for the quarter was down .9% compared to the same quarter last year.

Ball Stock Down 0.4 %

NYSE:BALL traded down $0.24 during trading hours on Friday, reaching $59.01. The company’s stock had a trading volume of 2,331,850 shares, compared to its average volume of 1,805,830. The stock has a 50 day moving average price of $65.18 and a two-hundred day moving average price of $65.01. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.88 and a current ratio of 1.18. The company has a market capitalization of $17.91 billion, a P/E ratio of 4.45, a price-to-earnings-growth ratio of 1.62 and a beta of 0.88. Ball has a 12 month low of $47.56 and a 12 month high of $71.32.

Ball Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.36%. The ex-dividend date is Monday, December 2nd. Ball’s payout ratio is 6.04%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on BALL shares. Citigroup boosted their target price on shares of Ball from $66.00 to $69.00 and gave the stock a “neutral” rating in a report on Wednesday, October 2nd. Wells Fargo & Company reduced their price objective on Ball from $63.00 to $61.00 and set an “equal weight” rating on the stock in a research note on Friday. Baird R W raised Ball from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 14th. Truist Financial reissued a “buy” rating and set a $78.00 target price (up previously from $76.00) on shares of Ball in a research report on Friday, August 2nd. Finally, Robert W. Baird upgraded Ball from a “neutral” rating to an “outperform” rating and set a $70.00 price target for the company in a research report on Wednesday, August 14th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $70.92.

About Ball

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.